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Author Topic: Why are gas prices so high? [Locked]
sweeny_comodore  4 stars
Posts: 1,216
Registered: 2007-8-23 18:47:04
Greedy profiteers are always to blame.
Especially when record profits are recorded on the heals of record prices.

 

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theredkay1  3 stars
Posts: 611
Registered: 2008-5-16 10:37:09
People like to drive cars. More people have cars than they did in the past. We have less oil than we did in the past. Gas is expensive.
Sin_of_Onin  4 stars
Posts: 1,307
Registered: 2005-6-29 08:21:12
theredkay1 posted:

People like to drive cars. More people have cars than they did in the past. We have less oil than we did in the past. Gas is expensive.



The doesn;t really explain spikes but long term trends.

 

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Moe_Nox  4 stars
Title: In Moe We Trust
Posts: 1,962
Registered: 2007-2-4 12:17:56
Speculators are using fears about Iran to drive it up currently. Also the failure of the Canadian pipeline had some good rhetoric attached to it.

 

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Bonzoboy1  3 stars
Posts: 885
Registered: 2008-8-1 18:04:29
Israel.

 

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Ashmaele  4 stars
Title: Pastor of Muppets
Posts: 1,809
Registered: 2002-1-15 08:30:50
Remember back when there were millions of gallons of crude pumping into the Gulf of Mexico 24/7 for months on end? Gas prices were like a dollar less per gallon they are now all through that debacle.

We're being played, as usual.

 

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Sansfear  3 stars
Posts: 757
Registered: 2008-8-31 05:04:52
There is a glut of gasoline, we're exporting more than ever.

Demand is down.

Because of that, oil companies are actually shutting down refineries.

Oh, darn, that decreases the supply. Prices go up! Stockholders rejoice!
Desnoxvu  2 stars
Posts: 363
Registered: 2002-3-21 11:48:50
Inflation and sanctions on Iran. You haven't seen anything yet. Hyperinflation will be in full gear soon.

 

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Ron Paul 2012
Brother_Tempus  3 stars
Title: Patriot
Posts: 985
Registered: 2001-1-9 08:07:00
dollar devaluation by the Fed, when it was tied to gold, $35 bought 97 gallons of gas or be traded in for an ounce of gold by the US government

$35 now doesn't buy that 97 gallons or that ounce if gold

*shrug*

 

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Desnoxvu  2 stars
Posts: 363
Registered: 2002-3-21 11:48:50
Good point Brother. When compared to gold gas prices are at all time lows.

 

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Ron Paul 2012

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