Why gas prices are so high?

Question

Im getting sick in tired of this plus I live in dc,and the gas prices are going up.

Answer 1

Greed.  The reason it is still high in the US is because we have a government that takes care of the rich and craps on the poor.

Answer 2

Wanna do something about it?

Here's the idea: For the rest of this year, DON'T purchase ANY gasoline from the two biggest companies (which now are one), EXXON and MOBIL.

If they are not selling any gas, they will be inclined to reduce their prices. If they reduce their prices, the other companies will have to follow suit.

But to have an impact, we need to reach literally millions of Exxon and Mobil gas buyers. It's really simple to do!

Answer 3

Because of price of dollar went down. plus, the rich people are buying oil in bulk and releasing them when the price goes up. So you spend more money and they make more money to compensate for cheaper dollars.

Also, it's a simple theory of supply and demand. The price goes up when supply is short and demand is high. The demand for oil in china and India is going up really high and middle eastern countries are having hard time meeting the needs of oil for the entire world.

Theres a whole lot more reasons, but it;s too long to explain.

Answer 4

because the republicans have a plan, it's an election year and they are always trying to ensure their win...even at the cost of the American people

Answer 5

i see three reasons:

1. worth of dollor is lower

2. the war

3. gas shortage coming

oh and your grammer really needs work.

Answer 6

Initially the prices of oil started going up because of

(1) increased summer demand

(2) weak economy / weak dollar

But most of recent oil price rise (from about $100 - $140) are all due to WALL STREET SPECULATORS (wall street greed).

Good Luck...

Answer 7

I HEARD IT IS GOING TO BE REALY LOW THEN IT IS GOING TO GO TO $12.00

Answer 8

Because the World is beginning to use MORE- than it can pull out of the ground. And the MORE it Demands- the HIGHER the Price goes... -and WILL go...  :0

Answer 9

There are two expenses involved in getting the oil out of the ground and to consumers: the oil itself, and the refining process.

Crude oil itself has risen in price for two main reasons. First, access to crude oil has become increasingly tricky. Regions that produce most of the world's crude oil, like Nigeria, Iran and Iraq, are increasingly unstable. This has a major effect on the price of oil.

But even more important is the increasing demand for oil all over the world. The economies of rapidly developing countries such as India and China are growing beyond anyone's expectations. They need oil for automobiles and heavy industry, and this is putting a strain on the oil supply.

The oil itself is pricey, but the cost of refining the oil adds more than 50% to the cost. For the United States, this has become increasingly expensive over the years because we do less of our own refining. Newer and stricter EPA regulations have made oil refining more costly and less profitable for companies to do stateside. In addition to this, the recent hurricanes Rita and Katrina caused significant damage to United States oil refineries in the golf, and the oil industry still hasn't recovered.

Answer 10

I'm getting sick and tired of this question. Watch or read the news. You think it's bad here,they hit ten dollars a gallon in England.I think every time somebody cries about the price of gas it goes up. So stop your whining.