Why is gas so F*#CK!NG expensive??????

Question

Somebody has to have an explanation for why gas is so fricken expensive ($3.99/gallon for regular in G.R. michigan). There is no reason, in my mind, good enough for gas to more than double in price over a 3 year span.

Anybody have any ideas why it's so bad?

Answer 1

Gas is priced like all commodities.  The price is based upon supply and demand.  Unfortunately (for us) as the third world countries upgrade their standards of living the worldwide demand for gas and oil increases rapidly.  

China and India both have a huge population that is becoming middle class and more cars, etc. go with it.  

Unfortunately, it's only in the beginning stages now.  It probably will double at least over the next 3 or 4 years from where it is now.  That's one of the prime reasons we need to seek an alternative source of energy.

Answer 2

its the same here in canada ($1.32/litre), and my honey works in the oil feild and it is so busy they cant keep up, so supply here isnt low... its BS the goverment & oil companies are makin huge bucks right now and we are suffering

Answer 3

Think yourself lucky.  In england it's about £6 ($12) a gallon.

Answer 4

I agree gas is very expensive, we need to; get alternative fuels

and why is it so difficult and expensive to get an alternative fuel vehicle. Should we invest in Oil stock and try to make some money, to cover the expensive fuel price...............

Answer 5

Supply is pinched because the oil companies are not allowed to build new refineries or explore for more oil.  The price is forced up to keep supply from running short.

Answer 6

because we are willing to pay it...it really is that simple.

Answer 7

The United States outsourced a lot of its manufacturing jobs to India and China. Now those countries are competing for the same resources we use, including fuel. We have created a faster growing middle class in these countries as well by doing this, which has given them more disposable income and has also created more competition for resources as their citizens buy and use more.

The world is going to have to switch to different energy sources and there is no bigger sign of that then the fact that oil companies are not building new refineries. They recognize that oil is on its way out and they are not investing in new infrastructure to support it.

[For the conspiracy theorists; you can’t have it both ways, either the oil companies have all this power and would not be held at bay by mere environmental groups, or they don’t wield all that power and they are just riding the current trends making the best profit they can.]

The market will obviously carry a price on gasoline of $4.00 a gallon so that is where it is going. Buckle up Baby!! It is going to be a long ride.

Answer 8

we are running out of gas

Answer 9

Why is gas so expensive.

1. Environmentalists preventing the drilling at ANWR, preventing the drilling off California, preventing the drilling in the Gulf of Mexico.

2. Environmentalists preventing the building of more refineries which are actually needed BEFORE we pump more oil as current production at refineries is maxed out.

3. Increased demand coming from both China and India.

I hate paying $3.79 a gallon for what should cost $1.75 but thank an environmentalist.

Answer 10

The main reason is rising demand from Asia, which drives up worldwide crude prices.

Answer 11

Gas is expensive because oil companies like to make obscene amounts of money.  But think about it, in America, we pretty much have the lowest gas prices in the world.  This is because the government subsidizes oil a lot.  The thing is that it is not gonna help us in the long run if gas prices go down, we will just run through the remaining gas longer.  The thing is that we need to demand alternative energy sources, instead of complaining about high gas prices.  I mean, think about it, if they come up with solar cars, it's not like they can charge us for the sun. :)

Also, to those who say we should drill in ANWR, did you know that there's only about 3 months worth of oil there?  That will not lower gas prices, and it will not help the energy crisis.  It would just destroy one of the last pristine areas on the earth because people are too lazy to bike to work or try to come up with better energy sources.

Answer 12

The dubai oil futures market opened the same time as the price of oil went nuts.

http://en.wikipedia.org/wiki/Dubai_Merca...

The super rich Arab oil sheiks are now able to take there oil money and drive the price of oil up.

This gives them more money to drive the price even higher.

it is called market manipulation.

plus because it is outside the US they can use insider information. and market control to drive the market higher.

its like playing cards with a marked deck.

and unlimited money.

theres no way they can lose.

Answer 13

Liberals are preventing the US from drilling for our own oil off the coasts and up in ANWR.

This keeps supply low, and when supply is low and demand high, prices will rise.

Answer 14

This is something you need to ask Bush!!!