Why gas prices are high? here is the answer.?

Question

we have placed trust in our companies to do whats good for humanity and i know how thay are cheating us any way they can.

this is how they do it they buy a refinery move into it get employees have them find problems with the refinery

and have them produce at max production for at least 6 months.While this is going down the oil companies make the plan on how to shut it down and between 6 to 9 months after it was bought it is shut down.

Now doing this enough times raises the price drastically the oil companies started doing this in 2003.

The meaning of what i just said is this more refineries running the lesser value of the fuel.

The less refineries the demand grows and fuel prices rise.

america burns 525 million gallons of fuel per day thats just gas

not diesel or anything at 4.00 dollars a gallon they ar making approximately $2,100,000,000 a day that is a lot of profit dont you think compared to if they were selling it at a dollar a gallon and making 525 million a day.

Answer 1

This is why they are high:

1. Environmentalist whacko's. We could be very close to independent. There are environmentally safe drilling technologies...can we do them? No.

2. Speculating. People are saying "oil is at such and such price...i bet it'll go all the way up to such and such". Its just price inflation. It SHOULD eventually self correct somewhat. We'll never have below $2 gas again, dont get me wrong.

3. Supply and Demand. The more oil we need, the more its gonna cost. Luckily, (and surprisingly) American markets are actually quite elastic. Our gas usage has dropped relatively significantly since gas spiked.

4. Countries in the middle east can generate a barrel of oil for around $2. OPEC then sells them for $136.

So get pissed at the oil companies. They, while not helping a great deal, are not the problem.

So get pissed at George Bush. Because if anyone controls gas prices, its the President.

Answer 2

i think that oil is just harder to come by these days so the demand and prices go up.

Answer 3

Thanks?

Answer 4

not all of that is profit. it might be what the oil industry nets every day but you need to look at the margin they mark it up.

Answer 5

I blame George Bush!!!

Answer 6

profit is evil

all should stop working, immediately.

starvation is good!

.

Answer 7

question

Answer 8

Could also have to do with politics and money???

Answer 9

yup........ so basicly   oil companies make less oil so prices go up and more money in there pockets....................................

you forgot one thing.

one of the biggest oil producers is russia.

russia has been influencing the middle east oil companies to shorten oil so they all get lots of money

Answer 10

There is more demand right now and that means Saudi must produce more barrels which means more pumping and that costs them money to set the pumps up and activate. If Saudi starts now they can insure more oil in the very near future with a matter of a few years to increase their output and this will meet the demand.

The solution is much more higher than what the U.S. is ready to bargain for.

In 1974 gasoline was 32 cents a gallon.  The demand was small, but any politician that had enough sense to realize that  there would be more demand in the future would've prepared for it, but they didn't.  

The only concern was to make sure Social Security was protected and even that falls.

My best answer to this problem is population control.

Answer 11

ok

Answer 12

Excellent reasoning. One major factor for the increase in fuel prices is the population explosion which has translated into more demand for fuel

Answer 13

Wrong.

Gas prices are high because traders in every market throughout the world are continuing to purchase oil while speculating that the price will continue to go higher so that they can make money.  Oil companies don't set the prices, they just reap the rewards.

Answer 14

Has anyone blamed it on Obama yet?

Answer 15

god d**n, I only wish I was the CEO of an oil company...

Answer 16

why is this not even a question

Answer 17

I agree something should be done! everyone seems to be helpless!