With crude oil at a record high of $120 a barrel,

United States
May 6, 2008 8:44pm CST
analysts are predicting $5 a gallon for gas soon. Why do you think that our gas prices keep going up? And do you think that by not paying federal gas tax this summer will make that much of a difference?
5 responses
@xParanoiax (6987)
• United States
8 May 08
They're saying the fact we're not gonna have the gas tax'll prolly encourage them to keep raising the prices. It's OPEC and all the goons who profit from the high cost of oil, they want more money, money, money..they're taking advantage of the world's need for oil, knowing we CAN'T just drop it right now as we are.
1 person likes this
• United States
8 May 08
I posted a similar discussion and someone from Pakistan responded; he said he was paying $1.06 USD for a liter (just over $4 for a gallon of gas). I really think it's due to several factors, the least of which is that we're continuing to have our presence in Iraq, pissing off Iran and other oil-producing nations. Bush didn't fully understand the ethanol (so now we're in a food shortage!), and ethanol will destroy the rubber fuel lines and metal gas tanks in older cars! I think we're just poking a sleeping lion...and it doesn't matter WHO gets elected as president in November, this had better be their first priority!
• United States
10 May 08
Over the last four or five years, the United States has rushed through and approved items too quickly--the FDA has approved several medicines that really should have had more research before going to market (if they ever made it!) and the entire ethanol fiasco (if mixed with the older MTBE-additive fuel, it turns to sludge and ruins fuel lines, carbs and fuel tanks). I personally would have a problem voting for someone whose spouse refuses to release their tax returns--red flags are going up! (McCain's wife). I'm not too thrilled with Obama either (since it looks like it will be the two of them in November). Unfortunately, the Congress needs to stand up and start researching alternative fuels. The ethanol thing won't go away quickly, but when they're ready to stop using it, there had better be several alternatives. The gas and oil companies are in collusion to make money--and I think (personally) that they are more intertwined with some of the US government's highest ranking officials to continue with the status quo.
• United States
10 May 08
Yeesh, I wasn't aware that for some places it was already over four dollars for gas! This definitely isn't a slow climb downwards...someone really does have to do something. The U.N. cares, but they're really, really, freaking out right now. Over-reacting...saying ALL bio-fuels are bad, and that's misleading, it's only Ethanol right now which is hurting the world. I'm hoping this problem can wait somewhat til November. I'm not so sure most of who're currently options will help that much...all I can do is pray we'll elect someone who can figure out a way to start fixing this. I'm sure this would've been a problem without America's help, but GOODNESS Bush probably made this downright easy for his oil buddies and the food people to make huge profits while hurting people immensely. "Crisis, crisis, crisis equals money, money, money" The mantra of villains even if they don't consider themselves as such...and it all comes down to greed! If things get bad, we're all just gonna have to rely on eachother..neighbors, family, friends -- hey, that's how it is in Iraq and such, right? The thing is..they're kinda used to it by now. I pity all the people who've lived those high maitenence lives and never thought they'd have to make do...'cause I really don't know how bad this'll get.
1 person likes this
@greenline (14838)
• Canada
10 May 08
A couple of things I can think of. One is that the US Dollar value has been declining , and the other is dependency on imports of crude oil. There may be other reasons too !
1 person likes this
• United States
10 May 08
I also think that this entirely unnecessary war is another cause--we're destroying that region and in the meantime, they've got us by the short and curlies (oil) as punishment! Someone should tell Bush that this is NOT 1941 again--yes, by entering WW2, we helped end the Great Depression, but this is an entirely different time.
@yudhyhg (116)
• Indonesia
7 May 08
SOME prediction tell that crude oil can penetrate to $200 a barrel..it's terrible
1 person likes this
• United States
7 May 08
What's scary is that because of my inability to walk long distances, I'm forced to shop at the local convenience store or drive to get food. UGH!
@gangus2 (373)
• United States
7 May 08
I have read that there are several factors. As it is right now, Oil can only be purchased with U.S.dollars, hence the need for other countries to trade with us,(that's how they get U.S. dollars). Supply for oil is exceeding demand, even if we cut our usage, China's economy is growing at about an 11% yearly growth rate, they will soon match us in oil usage. And the biggest reason for the rising oil prices is investors and corp.investment companies. Investing in oil is a sure fire way to make quick big money. Karen
• United States
7 May 08
The worst thing of all? Even if people convert to electric cars, unless we harness hydro-, solar-, or windpower, we're STILL using oil! And honestly--why do people feel the need to speed everywhere? Can't they just learn to leave a few minutes earlier! And if crude can only be purchased with US Dollars, Bush and the Federal Reserve should work on strengthing our dollar, not fighting a war we can't win!
@twallace (2675)
• United States
7 May 08
The price of oil will continue to go up and there is nothing that the us can do about it. The price that people pay for gas will continue to go up too. There is more to the oil problem than there is being told to people. At first i thought that was way there was a war; but later on there were other things that were the cause. But I do recall that while the war was going on they were setting oil spots on fire for no reason. But there was a reason we got what you want and you have to pay high out the butt to get it now. Something more to the oil than what is being told to the people.
1 person likes this