Why is the price of gas rising?

Question

Please voice your concerns and ideas. Together we can make a change.

Answer 1

We are making fat cats like Cheney and Hailliburton richer. Carter had the right vision back in the seventies. We need to stop being dependent on oil.

Answer 2

During most of the 1900s, oil was demaned less than it is today.  Back then, the U.S., Russia, some European countries, and some other nations were the only major demanders of oil.  Thus, the price of the oil was much less back then because there was less oil being demanded.  Today, more and more nations are becoming developed nations.  China and India, for example, are rapidly industrializing, and to do this they are demanding much more oil than they had in the past.  With an increased demand for oil, the price of the oil will go up, since the world's supply has not changed, only demand has increased.  Also, the continuing turmoil in the middle east, uncertanty in venezuela, and other oil producing countires, has caused specuation in the oil market, and consumer instincts, or as Keynes (a famous economist) coined it "Animal Spirits" which dictate market actions, have caused consumer sentiment to decline, which can hurt any market.  Basically, with more demand for oil, trouble in many oil producing countries, and a limited supply, prices will only go up.  WE NEED AN ALTERNATIVE SOURCE OF ENERGY!  Hope this helps.

Answer 3

as uninformed i am, i believe it has something to do with America buying foreign oil and becoming dependent on the cheapness of it;the problem being there are just too many people to rely on fossil fuels anymore...but they won't mass produce electric cars until it gets to a point where gas is like 10 bucks a gallon. human nature i guess, that is, to go the easy way, but it would be nice if someone did something not as a last resort but as a safety net for the future.

Answer 4

We have a high demand  for the oil baron's supply, and we have to meet their demands.

Answer 5

Because someone's savings account is going below what they think it should. I really hate it and i know that people are going to start rioting about it, it's just a matter of time!

Answer 6

It is much like the phony oil 'shortage' of the 70's. The oil companies don't want to have any investment put into alternative energy, so they stage a supposed crisis and propose the only answer is drilling. This sends more money their way in subsidies, and doesn't address the oddity that they are reaping enormous profits while the public suffers.

Arrest of the business men who are manipulating this might be a good start, but that sure doesn't play well with a nation that loves  crooked ceo's as much as it loves talentless wealthy celebrities.

Our priorities are screwed up and we seem to be happy giving all our wealth to people who don't need or deserve it.

Answer 7

Supply and Demand......