What's the real reason for high gas prices? Details appreciated.?

Question

Please be specific!

Answer 1

The futures market bids up the price.  The actual supply and demand price for oil would be in the $80 per bbl. range, but speculators have bid it up to close to twice that much in the past few months.  Speculators look at how the supply and demand will look in the future, if they see demand going up and supply going down, they know the price will go up.  So when Karl Rove has Georgia attack Russian peace keeping troops the futures market sees that the supply will probably decline, meaning that the price will go up.  

Answer 2

BUSH

Answer 3

Greed, power, control, money, profits.

Answer 4

well i think the government is greedy and wants money. But look at this source. I hope it helps you. Good luck.  

Answer 5

Inflation. The price of everything is going up. And no one even notices. Except gasoline. Gasoline prices stay very stable for a long time. All of a sudden they jump up all at once and everyone gets their undies in a bunch. Other items go up a little at a time and no one even notices.