Why can't someone do anything about these gas prices.? I heard it would be 10.00 by the end of the year!?

Question

Why can't someone do anything about these gas prices.? I heard it would be 10.00 by the end of the year!?

Answer 1

We don't have any control over what we pay at the gas pump. We do have control over our choice of vehicle, and gas mileage that it gets. We also have control over the speed we go. If we try to never go over the speed limit, we will get better mileage. We can try to combine errands, to drive with others to work when possible, or best yet, take public transportation if it's available.

Answer 2

I hope that's a nightmare (cross out dream) because I don't know what I will do then. It's a myth that the government can't do anything because they most certainly can and should. They broke up AT&T. They rescued Bears Stearns. Did you see any of the hearings with the oil company executives? What a joke, even my father who is a republican said so. Ahhh, we don't know why...  He said, they know why. Of course they do. What a sick joke.

edit: Who sold those gas guzzling monstrosities? Car companies and they are in cohoots with the oil companies. They are.

Answer 3

It won't be $10 by the end of the year.

As much a I hate the price of gas I am not trying to defend the gas companies at all. It is horrible that they are making so much profit.

Part of the problem is the high cost per barrel of oil. This is in part driven higher to us by the weak dollar. We need to spend more dollars in an international sense to buy the same amount we used to.

If the dollar were to become stronger, the relative price per barrell would be lower to us and therefore the price of gas would be cheaper.

Will a new administration be able to strengthen the dollar, who knows.

Answer 4

Crude oil and gas prices depend on demand for them. The only way for their prices to drop is to find other substitutes for oil or less demand for them by using small cars that uses less oil and people do less travelling. But this may effect the car and the petroleum industries. However,to help to control or lower the prices of oil and gas, OPEC should increase their oil supply and the FEB take steps to increase the value of the US dollar. To find substitute for oil is not easy and will take a long time.

Answer 5

A gallon of gas won't be $10 by the end of the year. $5 is a real possibility though.

Factors that contribute to the rising cost of gas:

It's a limited resource. As we dig deeper and deeper into the earth to extract oil it becomes more and more expensive to produce.

The declining value of the American Dollar. The US government has had to borrow and produce a lot of money to pay for things, one example being the Iraq war. More dollars existing means that each dollar out there is worth less when it comes to buying actual stuff like food, oil or gold.

There's probably some speculative pressure pushing the price of oil up a bit. So if it's $3.80 now, it might be $3.70 if that wasn't there.

Developing countries like China and India are buying more oil as they join us in being industrialized nations.

Basically, the price of oil is mostly set by the free markets and the leaders of countries in the Middle East. We can ask them nicely to lower it a bit, but long term the price of gas is going to keep going up. Your best bet as an individual is to lower your own consumption as much as you can. Buy a more fuel efficient car when the time comes, carpool/use public transportation, use less heat and A/C for your house, etc.

Answer 6

As much as it sucks comparatively speaking to other countries gas isn't that bad, even at $4 a gallon.  The only other industrialized country out of the 30 something there are with cheaper gas is Mexico.   I'm not defending the oil companies by any means they sicken me making billions of dollars off average people, but we have to face up to our own faults, a majority of americans chose to purchase huge gas guzzling cars and now they have to deal with the consequences.