The high gas prices we have today, and the probability that it will go even higher. Is it ridiqulous?
538898
People, gas prices are going higher because of one thing. DEMAND. I still see giant SUV's in traffic driven by one person. \n\nThe US has 5% of the worlds Population and we use 25% of the worlds resources. We are hogs and the Gas companies are making money from it. Also, the US Gov't taxes 46 cents per gallon thats more than the profit by the BIG OIL Co. They are the ones gouging the consumer.\n\nAnd in Europe they drive minis not Avalanches and Tundras and Armadas and any other vehicle named after the state that it is as big as like TAHOE !
323088
Gas prices will never go down.  You might see a small reduction after a massive increase, but $3 a pop is now the price.  I bet you will see $4 a gallon by the end of summer.\n\nWith your suggestions I believe you think American corporate price gouging is the cause for high prices.  Most of the other answers point to supply and demand.  But if price gouging is a factor, I fear there is no solution.\n\nMost of middle America hates the prices, but loves the profits they are accruing with stocks in their 401K.  ExxonMobile made $10 million in one month, made $1 billion last quarter.  ConnocoPhilips made about 1/3 that in profits as well.\n\nThere just aren't enough people in the country that don't profit from selling gas to go beyond complaining about the price.
806984
I believe the Bush administration Is the cause for the increase in gas prices. Do you remember when the Vice President had a secret meeting with the oil big wigs? This meeting was so hush-hush the president went to the supreme court to have the minutes sealed. soon after gas prices went through the roof. The Bush started the war in Iran. We had Gulf coast storms. There were a lot of factors but mainly it is greed by the oil companies. Oil companies will site market conditions as the reason for gas prices increasing. What they wont tell you is that they caused those conditions. ask them why did they close oil refineries down in Calif. and not build new ones?
140706
well, here in california gas prices are almost three dollars and from what i've heard, the farther east, the higher the gas price... so you do the predicting and calculations, sorry i wasn't much help. good luck finding out!
86348
Gasoline futures are wholesale prices and do not include taxes which are substantial. A future also has to account for storage and inteerst costs.
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?
714627
I don't think so. Although gas has gone up since the election. I think the prices were down before the elections to help the republicans hold there power, that way the republicans can help them. I look for gas to steadily increase so at the next elections the republicans can blame it on the Dems. The stock market is controlled by the big corp. They won't let it go down on purpose. The hard part will be trying to keep the C.E.O.s hands off the employees pension funds. Luckily my pension is funded through my union and the gov. watches unions like a hawk. They don't seem to watch company pension plans very close.
631272
No special reason, just because when the price or oil raise,everone go to buy gas so the price of the gas will raise either.
859698
Used to be $2.21 as I remember. I saw yesterday the gas station near my house was $2.33. The low gas prices arguement was used by the GOP as a campaign tool and now they still lost. So, it is rising again.
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.
317663
its mere speculation, \n\nthere is just no economics in the way oil prices are moving..there is no supply problem as of now..but still u can see this surge//\n\nthe prices are news based and manipulated, another interesting observation is that since US plan on IRAN is now more real and around the corner..u knw wat i mean..
183542
He is absoulutly right, gasoline in Mexico City right now is $.78. I looked it up on the net. You people that can't do metric conversions and monetary conversions, are the stupid people. Of course America is getting screwed for the cost of fuel. America pays the most to offset the rest of the World economics. The burden is on us, and always has been.
598226
The bastards are messing with us!  They are simply raising the prices to fatten up their wallets.  Their profits have raised by 30% and they keep changing the reasons for prices going up.  We never get a straight answer.  First its "a pipe broke and needs to be repaired so oil has gone up", then its "everyones using too much gas in their suvs", then its "we're negotiating to lower prices", um, excuse me but doesnt Bush OWN a refinery?
670377
havnt you seend the little stickers at the gas pump that says "May contain up to 10% Ethonal" that is where it is coming from. A few years ago no one was interested in the stuff since it was SO expensive (i think it was like 2.50 a gallon) now that gas has caught up lots of americans are flipping the bird to OPEC and saying lets at least give our high gas cost to american farmers and not some terrorist supporting mid east country.\n\nAlso isnt that what all new GM vehicles are able to run on?
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!
84095
We'll spend $6 or $7 a gallon for gas because:\n\n- We're willing to.\n- Supply and Demand will dictate that price or higher.\n\nI saw a segment on 60 Minutes a couple weeks ago about huge reserves of oil in Canada. The reserves reside within soil.
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.