Why are gas prices getting so HIGH!?
444506
It is so funny when people blaming Bush for EVERYTHING. What's next? houses prices are too high...it's Bush, American cars are unreliable...it's Bush, or maybe...people who live in communist regimes have no rights...it's Bush, women and little girls in Vietnam are kidnapped and sold to Cambodia, Hongkong, Thailand for sex slaves everyday...it's Bush. or check this out...you don't feel good today...IT"S BUSH TOO! yeah, why not? I saw and heard people blamed Bush for hurricane Katrina, yeah they said it's because of Bush that hurricane happened!!! so why not blame your President for those? \nI'm sorry to say but blaming President Bush for gas price now is stupid.the main sources of oil are from the Mid-East, those countries there are unstable and we don't control oil industries, the OPEC does. 60% of gas we use everyday here in the States are imported, so if those countries shake up then gas price here start to jump and it will jump more in the near future. Just look at the situation in the Mid-East right now and make your best judgememts.\nGo ahead, blame your president for whatever you want. It's a free country. Well, I do not blame the President for that. I'm an immigrant who just got my US citizenship and i am very proud of it. I'm just alittle sad to know that American are not united, we are so devided that our enemies are taking advantage of it against us. Please look around with a more open mind.\nI hope I did not offend anyone here. I just say what I think.
927848
Gas futures rose as a result of the Democrats taking office, knowing full well that they do not comprehend the importance of this resource!\n\nThanks so much for asking! I'm glad I could clear that up for you!
348889
supposedly it's because of "weapons of mass destruction." but we all know it's because of the oil. the shitty part is now bush has had us over there 3 years, and the fuckin gas prices are still pushing $3 and probably $4 in summer.
318772
gas prices are terrorism
363434
Nationally, the average per gallon price for regular gasoline is $2.50.\n\nAre gasoline prices high? That's not the best way to ask that question. It's akin to asking, "Is Williams tall?" The average height of U.S. women is 5'4", and for men, it's 5'10". Being 6'4", I'd be tall relative to the general U.S. population. But put me on a basketball court, next to the average NBA basketball player, and I wouldn't be tall; I'd be short. So when we ask whether a price is high or low, we have to ask relative to what.\n\nIn 1950, a gallon of regular gasoline sold for about 30 cents; today, it's $2.50. Are today's gasoline prices high compared to 1950? Before answering that question, we have to take into account inflation that has occurred since 1950. Using my trusty inflation calculator (www.westegg.com/inflation), what cost 30 cents in 1950 costs $2.33 in 2005. \n\nIn real terms, that means gasoline prices today are only slightly higher, about 8 percent, than they were in 1950. Up until the recent spike, gasoline prices have been considerably lower than 1950 prices.\n\nSome Americans are demanding that the government do something about gasoline prices. Let's think back to 1979 when the government did do something. The Carter administration instituted price controls. What did we see? We saw long gasoline lines, and that's if the gas station hadn't run out of gas. It's estimated that Americans used about 150,000 barrels of oil per day idling their cars while waiting in line. In an effort to deal with long lines, the Carter administration introduced the harebrained scheme of odd and even days, whereby a motorist whose license tag started with an odd number could fill up on odd-numbered days, and those with an even number on even-numbered days.\n\nWith the recent spike in gas prices, the government has chosen not to pursue stupid policies of the past. As a result, we haven't seen shortages. We haven't seen long lines. We haven't seen gasoline station fights and riots. Why? Because price has been allowed to perform its valuable function -- that of equating demand with supply.\n\nOur true supply problem is of our own doing. Large quantities of oil lie below the 20 million acre Arctic National Wildlife Refuge (ANWR). \n\nThe amount of land proposed for oil drilling is less than 2,000 acres, less than one-half of one percent of ANWR. The U.S. Geological Survey estimates there are about 10 billion barrels of recoverable oil in ANWR. But environmentalists' hold on Congress has prevented us from drilling for it. \n\nThey've also had success in restricting drilling in the Gulf of Mexico and off the shore of California. Another part of our energy problem has to do with refining capacity. Again, because of environmentalists' successful efforts, it's been 30 years since we've built a new oil refinery.\n\nFew people realize that the U.S. is also a major oil-producing country. After Saudi Arabia, producing 10.4 million barrels a day, then Russia with 9.4 million barrels, the U.S. with 8.7 million barrels a day is the third-largest producer of oil. But we could produce more. Why aren't we? \n\nProducers have a variety of techniques to win monopoly power and higher profits that come with that power. What's a way for OPEC to gain more power? \n\nI have a hypothesis, for which I have no evidence, but it ought to be tested. If I were an OPEC big cheese, I'd easily conclude that I could restrict output and charge higher oil prices if somehow U.S. oil drilling were restricted. I'd see U.S. environmental groups as allies, and I would make "charitable" contributions to assist their efforts to reduce U.S. output. Again, I have no evidence, but it's a hypothesis worth examination.
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..
1154704
Sounds like a good choise to me. As in the near future with the cost of petrol going up continually, people wont be able to afford to run a car!
1026623
Inflation.  Today's high gas prices are caused not by shortages, as the world is awash with oil.  The current pricing is driven by distribution.  Any disruption of the distribution process creates shortages, which lead to scarcity and high prices.  Current oil prices are driven by speculation in the oil commodities market.  At some point, fuel alternatives will be developed, and prices will abate.  When that happens, speculators holding high priced oil futures contracts will lose money.  The propensity is to keep prices high to avoid loss.  When, and if oil production in offshore Gulf of Mexico come back on line, oil prices will drop, probably sharply.\nThe price of petroleum affects every aspect in the production of economic goods and services, worldwide.
461013
the gas companies have greedy businessmen behind them milking this for all it's worth.  they are lying to the public, and making record profits!!!  its disgusting.  no one in this government will take a stand on this.  i think that they don't want to bite the hand that feeds them(money)!!!
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.
426565
Oil prices will probably keep escalating, because everyone is using cars, and even though oil prices are becoming more and more, we keep using the same amount, if not more. Oil prices aren't going to be what matters for people to buy more efficient cars, it's going to be when the more efficient cars become more commonly used by the world's people.
635751
We have altered our grocery shopping habits.  The rising cost of fuel has caused the price of groceries to go through the roof.  We don't buy as much meat or fresh fruit & veggies, and we are buying a lot of pre-packaged.  Not as healthy, but more affordable.\n\nWe are not the kind of people who eat out, buy new stuff, party, or really have any excess fat in our budget that can be trimmed.\n\nMy business requires me to drive to my customers, as does my husband's.  We are fortunate to live in a part of the country where gas prices have remained below the national average.
517097
They (I assume you mean oil companies) have every right to raise prices.  Its called capitalism!  If you want to be picky, why don't people protest bottled water or movie popcorn?  Its profit margin is a helluva lot higher than gas.  \n\nThere are a lot of other options for people if they think gas prices are too high.  Don't drive! Ride a bike, walk, public transportation...
1033007
here in Michigan we have our gasoline mixed with ethanol yet our prices are still way high.
1120593
They are but prices for gas right now are through the roof. Try at least $3.50 for a gallon of gas. Everything is more expensive. There are a lot of locals who don't like tourist/ military here.
640735
Oil prices are high because the demand is high.  \n\nImagine you had a pill that cured every health problem--obsesity, AIDS, cancer, and everything in between.  What would you sell it for?  You could sell it for $1 a pill--because everyone would want one.  Or, you could sell it for $1 million a pill--because everyone would want one.  Some people would sell it for $1.  Some people would sell it for $1 million.  People would fall everywhere in between.  \n\nWell, the oil companies don't have a magic pill, but they do have something that most of their customers cannot imagine living without.  They've realized that they can make a profit at $1.50 a gallon, but they can make a much better profit at $3.50 a gallon.  Why wouldn't they raise their price?\n\nAlthough I think the high prices suck, in the long term it is a good thing, because it will increase efforts to develop new kinds of energy and cars that are more efficient.\n\nBrazil has a fuel that is similar to ethanol that is made out of sugar instead of corn.  (Sugar is their main export.)  Since they developed this fuel, Brazil required cars to run on the stuff, and they are completely independent of foreign oil.  The U.S. should do the same thing with ethanol.  We could be done with foreign oil in ten years.
296789
First, you need to define 'goes bust'.  Even if the price went really high (say $10.00 per gallon), it would only be transient because: 1) people will adapt their behavior to reduce consumption (we saw this already at $3.00/gal.), 2) many alternative forms of energy will become price competitive, and 3) a lot more oil and gasoline will eventually be found and produced because it will be very profitable to do so.\n\nHistory repeats itself.  We had major fuel/energy crises in the 70's.  In 1979 I paid $1.069 per gallon; after inflation, that is over $3.00 per gal. now. And, my very economical economy car ( a very small 1976 Toyota pickup) got 'awesome' gas mileage of 18 mpg highway!  "Experts" then said there was only enough oil left in the world to last until the mid-90's (ten years ago!).  In the 70's most cars got about 10-12 mpg, now many get TRIPLE that!  Technology will triumph again.\n\nBest wishes!