Why Are Gas Prices So High ?

Question

Why Are Gas Prices So High ? The Cost Of Living Went Up So Much It's Hard To Go Into a Wall-Mart Buy a Bag Of Chips Soda & Toilet Paper Without Spending $60 Let Alone Anything Else Isn't There a Law About This ?Is There Ever Going To Be a Stop To This ?

Answer 1

gas went down around FL.  i'm a bit happier, but we don't fill the cars up except for every 2 weeks, so it's not too big of a deal.  it's life.  if you don't like it, take the bus, buy a bike, or walk.  your choice.  i have to buy food to eat, so i do it.

there is no law about it.  deal with it.  it's life.  quit your whining.

Answer 2

Ok. Those first two people are nitwits. The price of gas is contingent on a multitude of factors. Supply and demand mostly, this is where the speculators who "speculate" what the price will be in the future, so when that gas gets to you, there will be a price established for you to buy it (if you want to), based on current information. Lately, the price has spiked within the last few years because global demand is growing faster than potential future supplies. In order to reign in that demand and signal for more production, the price goes higher. If future production is likely to be minimal, you can bet price will continue to increase. In fact, that's what speculators do.

Other factors also play a role in the price of gas. Speculation against the dollar also has resulted in upward pressure on crude oil. Our refining capacity controls the amount of crude we can refine into gas, more refineries need to come online to take the strain off our current, more polluting, ones. We have only increased our refining capacity by roughly 2,000 barrels a day* in the last two decades. So even if we did drill off our coast, in ANWR, to lessen the impact of Saudi and Russian oil in the world, we would need more refineries to refine it.

Also, regulation, as the second nitwit said, will only increase the cost of gasoline to you and your family. More compliance =more equipment= more capital= more money= higher costs. Period.**

The higher price of crude equals higher; jet fuel, diesel, asphalt, plastic, nearly everything utilizes crude oil in one form or another.

Inflation is a whole other story.

Answer 3

No there wont be a stop to it until society stands up to politics and DEMANDS change, politics should be regulating corporations, but they dont, so we suffer for their bad choices. Gas prices are high because Oil companies can charge whatever they want, and we have no choice but to pay for it while they make ever increasing billion dollar profits. A revolution needs to take place, but the ignorance of society will prevent that from happening.

Answer 4

first off i have to ask...what kind of chips do you buy that with a soda and tp brings the total to sixty bucks! that's kinda ridiculous.  as for gas prices, it's reletively simple.  Republicans, for the most part, are all somehow earning money off of oil prices going up, so they have no reason to try and get them to come down.

Democrats on the other hand want everyone to ride a bike everywhere they go, so they would love to see prices go to 20 bucks a gallon if thats what it takes to rid the world of the "horrendous" automobile exhaust.  the only way your going to get to pay less for gas is if we rid ourselves of the need for it, which won't matter cause then you'll just start paying for something else to fuel your car, and eventually that something will start to increase in price cause its become a necessity, not just a want.  necessities can be overpriced, wants can't.  there is no law preventing gas prices or comodities to get too high, however there is a law against monopolies, which gas prices may very soon become a part of, so i guess just cross your fingers and hope for a day where teleporters are on every street corner. and maybe start looking for cheaper chips, i recommend sun chips the garden salsa kind

Answer 5

It's running out a bit.

You're getting ripped off.

People in the business called "gas speculators" predict that the price of gas will go up and so the current price goes up.

Wait, where have you been for the past three years.