Why did gas hit over $4.00 a gallon this week?

Question

Why did gas hit over $4.00 a gallon this week?

Answer 1

because Bushs' stay in the white house is almost over and he need to build up his retirement fund a little more

Answer 2

We're going into Memorial Day weekend, and lots of people will be taking road trips.

Answer 3

Becase the ecomimy and goverment are stupid. You know the U.S. has its own oil, but we choose to send it to other contries, while were having a war in iraq becasue bush it to stuck-up to leve the oil

Answer 4

Supply and demand.  It is not just the US who is in the 'big demand' picture on the World Market, it is also China and India.  Together, this drives the price up and up.

"In 2008 China , India , Russia and the Middle East for the first time will consume more crude oil than the U.S. , burning 20.67 million barrels a day this year, an increase of 4.4 percent over year earlier levels, according to the International Energy Agency. "

"China , the world's second-biggest energy user, will consume 7.89 million barrels of oil a day in 2008. China 's passenger car sales jumped 22 percent to 6.3 million last year and may rise 16 percent to about 7.3 million this year. India will use 2.9 million barrels of oil a day in 2008, more than is pumped by OPEC member Venezuela."

http://www.marketoracle.co.uk/Article475...

Answer 5

A couple of energy experts said on PBS that in about 8 or 9 years from now there will be NO gas or oil WORLDWIDE!! The U.S. is using more than it's share per capita, and then we are sending jobs overseas to countries like India and China and importing their cheap goods. This gives them income that they use to buy cars and gasoline. Think about how many people are in just those two countries alone. Then gasoline in Saudi Arabia is just 67 cents a gallon there, so we are buying their gas so they can pay less for gas and we are subsidizing their gasoline usage.

This predicted shortage will mean that SUVs and cars will soon be obsolete if they don't come up with an alternative and that the so-called "global economy" will be a joke. There won't be any more cheap goods shipped in or jobs shipped out (except maybe telemarketing), because although the labor will be cheap, shipping costs will make this prohibitive. Think about food goods like bananas, rice, pineapple, coconut, etc that we get from far away. Even citrus from Fla or Calif to the midwest or produce such as lettuce from Calif to the midwest. And grains and meat and milk from the midwest to Fla and Calif. All by semi...all more expensive. And the farmers use gasoline powered equipment. Probably larger corporate farms will go out of business in favor of mom and pop smaller farms (can use old fashioned horse plows).

Even driving to work or to larger stores like Meijers or Walmart could change. Mom and pop close stores could flourish. Bicycles and scooters might be more prevalent. Looting and rioting is possible too and gasoline rationing. Local produce will be the order of the day and home canning might make a comeback. If milk is shipped, it may be shipped in dried form to save weight, etc, etc.

Answer 6

oil prices are raising

Answer 7

The accursed weak US economy which almost all commodity prices are basing their value on. Its simply because of the recent hyper inflation due to the crappy economic situation. The exchange rates for the US dollar suck which means its losing its value. For currency, the more worthless it is, the more you need to buy a certain thing.

Answer 8

Because we're all screwed.  We should just start walking or biking.  I am so angry with the stupid gas thing.  I think it is a scam by the government to make everyone start walking and biking more to cure the obesity epidemic.   Not really but yeah the gas thing is as ridiculous as my answer.

Answer 9

China and India.  You see, Bush allowed job outsourcing to these countries where everyone rode bicycles.  The outsourcing pumped billions of dollars into their economies.  So in turn, they bought millions of cars.  So where once oil was cheap and plentiful for the USA, now its becoming more scarce by the day.

And its just pure coincidence that Bush is a Texas oilman who gets to sell his oil at market value, which is $135 now.  It was only $25 a barrel back when he took office.