why are gas prices going up ?when crude oil prices are going down?
78960
they are going up here too, I think the oil companies noticed that when it was at it's highest a couple of months ago, people were still buying. They know what "the market will bear" and are just trying to line their pockets more at our expense. There is no indication that supply is lowering or that demand is raising. So what exactly is the reason? Here it was 1.85 1st of January now it ie 2.28 and rising steadily.\n\nhow high are we going to let it go up?
471334
Gas prices are determined by supply and demand...\n\nAs gas prices rise......this causes consumers to drive less.....which stops consumers from using so much gas\nThe price will start to go back down....\n\nGasoline is very cheap......the same people who complain about the cost of gasoline....$3 a gallon....are the same people who spend $1.99 for a bottle of water, $4 for a pack of cigs, and $5 for lottery tickets.
774056
Market forces my behind. The price of crude is still dropping while the price of gas is creeping up again. Are people really trying to say the price of gas dropped seventy five cents after labor day because the summer driving season ended? Get real. The oil industry is globally manipulated and further down the chain manipulated by everyone who can manipulate it. Every oil company dumps their gas into a common pipeline and then pulls it out somewhere else along that pipeline. Exxon-Mobil, Citgo, Chevron...it's all the same gasoline. They each add some ingredients to try to distinguish themselves from one another with whatever they claim their gas does to enhance your engines performance. Think there's no manipulation? What happened to the oil shortage from thirty five years ago?
1109609
You know the cost of gas/petrol isn't really made as high as it is by the cost per barrell. The oil companies like Exxon, Esso, Chevron, etc. charge a lot more for their gas then the price per barrell.  If you do some research into it you'll see that the oil companies are making a huge profit on their product. Oil/petrol doesn't have to be as expensive as it is and they can still make a profit.\n\nTo answer your question though, I would say yes:\n\n"To date there has not been an obvious negative impact on the economy because of the price of oil. It is partly for that reason that the Federal Reserve is continuing to raise interest rates to help tame inflation."\nhttp://en.wikipedia.org/wiki/The_Price_of_Oil_and_The_Economy\n\nIt's very strange. The cost of oil is raised to huge prices by Exxon, Chevron, etc. which raises interest rates, which hurts the economy. Why?
64539
Gas/Oil everytime anything happens anywhere prices go up.\n\n\nGuy 1 "sir a mouse farted in Juarez"\nGuy 2 "raise the price of fuel now!!!"
661414
Rising oil prices are a result of supply and demand and lead to a rise in inflation and ensuing unemployment.  The US needs to become less dependent on imported oil.  Alternative fuels and using less will bring the price down.  Everyone in the US needs to help!
672295
because of the high prices of course...\n\nno blood for oil!!
223519
Have you checked the fuel prices lately?  I think people are looking for an alternative fuel source because of the rising prices of gas.  Not only that, this whole gas exploration thing creates such a power play in the world and even causes wars and embargoes.
581781
There is NOT a supply shortage. Even OPEC and Saudi Arabia are saying there's no shortage. They are saying the gas prices should not be anywhere near as high as they are. What's raising the cost is that oil companies are gouging everyone because they basically have a collective monopoly, even though they're supposed to be in competition with each other. That's why oil companies keep scoring record profits each year while average Americans are getting poorer.
1111083
THE GAS PRICES! AHHHH lol
486127
Declining oil resources and increased demand for oil and petroleum based products will drive prices up.  No-one would dispute this.  Many are optimistic about the market (see references below).  In fact, the oil industry in the United States has done very well under the circumstances.  Profits are up.  Way Up.\n\nUnlike other commodities, oil is complicated by heavy government involvement.  This tends to muddy the picture.  Political power applied through commercial interests and vast marketing efforts have lead the citizens of the US into a false sense of reality.  For example, the rise in SUV sales during the exact time when vehicles size and mass should be reduced.  Profit motivation coupled with buyer ignorance is not a rational economic path.\n\nGlobalization of the market is also coupled with globalization of the distribution system.  This very well might lead to more development in the area of alternative energy sources.  The most promising of these (at least for the American corn growers) is Ethanol.  This and bio-sourced oil products may hold the key to keeping prices down while allowing for expansion and development of economies worldwide.
68886
First, you have the price of a barrel of oil. It is set basically by OPEC and the futures market. The oil companies buy oil and this rate and send it to the refineries. Refineries then convert the oil in gasoline (among quite a lot else). Refineries in turn sell the gas to wholesalers. The wholesalers then sell to your local gas station.\n\nMany times you will see stations within a mile of each other with wildly different prices. The reason for this is quite simple: busier stations sell more gas, and therefore buy more gas than a slower station. When prices are going up, for example, the station that sold the gas faster will have to buy the more expensive gas while the slower station still has the less expensive stuff in the ground. Then people rush to the lower-priced station and the whole process repeats.\n\nGas stations make, on average, about 5-10 cents per gallon depending on the market. In short, they make more off the car wash or can of Coke than the 50 gallons of gas you just bought.
589485
There has simply been a ban on building new refineries for 25 years, and the capacity to refine crude oil has not kept up with demand for gasoline. The supply of crude oil, and crude oil inventories are ample. But the ability for the refineries to produce gasoline from the crude oil is at a maximum, and this time of year some of them shut down for maintenance (30-60 days), so gasoline supplies are even tighter.\n\nIn a free market, no matter the commodity, when Demand is greater than the Supply, the price goes up.
1165074
Well with the look at gas prices rising every year...   Yeah I know sad..  I would say yes\n\nExxon Mobil  these money grabbing corporation is not going anywhere. Even if we change to a differnt kind of fuel... They will still be using oil... for the next couple of hundered years...\n\nI pray that judgment comes before... that happens..
728064
Very Profitable. The oil supply is dwindling. If the problems aren't fixed now then they will when the price goes higher.
1049330
I dont disagree with your theory.  I just want to add one of my own that helped push the prices up.\n\nA few years ago the oil futures went on the public trading market.  Yes.  The public, the entity as a whole that believed everything from the world is flat to Milli Vanilli can sing, is at the helm of the future prices of crude.  Can you imagine what happens when the public hears that there was a problem, of any magnitude, to a oil line or ship?  What happens when summer comes around and naturally the public again buys up all the oil futures in hopes to make a quick buck.\n\nGreed is what drives prices.  The greedy people that are making the money will call it marketing/economics.  No one entity is to blame for the results.  It would be too easy.  Just dont leave out anyone at fault.  Bush, Iraq, war, EPA, tax, and even the public are all together and individually at fault.
369352
Answer to Question one:  There is strife in Nigeria and Iraq driving gas prices up.  There is also a potential nuclear war brewing between the US and Iran, the forth largest producer.  For some insane reason, the fact that oil prices are skyrocketing isn't causing the powers that be to think twice about causing another war.  Finally, China and India are growing in economic capacity and need oil to build their economies.  \n\nAnswer 2:  Because the insurgents are attacking the oil infrastructure in Iraq and that's Imperialism.  I guess the US could exact tribute from Iraq, but were they to do that, the country would have a revolution within a few minutes and then they wouldn't sell any oil to the US.