What do you think is the reason gas prices are climbing so fast?

[Charade]

Just curious.

 

[Planogirl]

I have no idea what the truth is. It bothers me that the oil companies are making record profits though. I'm totally in favor of profits but record-breaking? Come on!

 

[Curious]

What do you think is the reason gas prices are climbing so fast?

--------------------------------------------------------------------------------

Just curious.

Hey, look, all I know is I'm not to blame, 'k?

 

[Charade]

Hey, look, all I know is I'm not to blame, 'k?

 

[MzDiz]

Now taking bets on when this will turn into a full-blown political grudge match... place your bets...

I blame a bunch of white guys wearing expensive italian suits, they are usually at fault.

 

[Charade]

Now taking bets on when this will turn into a full-blown political grudge match... place your bets...

I blame a bunch of white guys wearing expensive Italian suits, they are usually at fault.

I blame a bunch of olive skin men wearing turbans.

 

[lucyanna girl]

Greed

 

[Free4Life11]

Consumer demand and for profit companies taking advantage of that. I believe gasonline is an inelastic good.

 

[JennaTX]

I was curious about this too, I saw on the news tonight that the barrel price of oil is now more than what is was during the aftermath of Katrina. I remember the news reporting after Katrina, that the hurricane was the reason for the price increase, so what is the reason now?

 

[ashjohnson80]

the weather is getting warmer, people are starting to travel more, the greedy oil companies are taking advantage of it.

 

[Tiziminchac]

I think the bicycle companies are behind it all!

 

[HugsForEeyore]

Spring Break weeks. They know we all want to travel this time of year, and most of us will just pay the increase, since most of us have no choice. And when the 1st cloud forms in the Gulf of Mexico after hurricane season starts - WATCH OUT!! It will be instant panic and prices going super high!!

 

[jfulcer]

The gas prices are higher right now because all of the refineries are switching their production over to the 'summer blend'. You can be guaranteed a price hike of around 20 cents a gallon at this same time every year.

Now, why it went up over 40 cents a gallon is beyond me. Greed is my guess.

Remember, if you are shopping for a new car and don't want to get a hybrid, get one that does flex-fuel. It's a higher ethanol content gas that costs about a dollar less a gallon. Check if your existing car is flex fuel capable here: http://www.e85fuel.com/e85101/flexfuelvehicles.php

 

[Viking]

Just look at this THREAD
Here lies part of the answer. As long as there's so many people creating demand for gas by driving oversized vehicles, there will be rising prices. That's THE basic law of capitalism

 

[JPN4265]

Not enough refinery capacity.
To many different blends of gas.
High consumption and demand world wide.
Environmentalist.
The list could go on and on.

 

[hemispheredancer]

1. A greedy president
2. Greedy oil execs
3. Crooked politicians

 

[jonestavern]

All of the above and...

Iranian craziness/Nigerian instability/worsening conditions in Iraq
big investors are very nervous &/or elated at the prospect of a real killing

there are a lot of people getting rich over this & they are not all foreign nationals

beware home heating oil prices!

by the by, Dh is paying over $5.00 per US gallon in Ireland & UK this month.

Jean

 

[pat fan]

beware home heating oil prices!

So true! A friend of ours works for a local oil company and said he was asked by a major group for a quote for next years heating price so they could do their budget. Now mind you, he said they give this place a BIG discount as they are so large, and it was $2.89 a gallon he quoted them. And it may be higher. That was just a ballpark figure for them to begin at. So you & I will be paying much more than that We have already cancelled our trip to hershey for this summer. No way am I paying $3 something a gallon to drive out to Pa. We'll go the creemie stand for our vacation

BTW....why do I think the price is going up? GREED! By the turbans and suits alike. They all make me sick! It is getting desperate times for some people I know. Gas to go to work or bills....how do you choose?

 

[mickeyfan2]

It is because of the unrest in the Middle East (Iran), the increased consumption of India and China (1/3 of the world's population) and the "easy" oil is getting scarce, that oil hit $70/barrel.

 

[Mskanga]

Supply and demand , and as long as people continue to buy big gas guzzlers , they will continue to go up.