Why Gas prices are so high - as of the last week anyway
By coffeebreak
@coffeebreak (17798)
United States
June 23, 2008 7:48pm CST
Gas prices have soared for months and not hardly a word as to why they have gotten so high. Now, this article tells us why them may stay high. A "come-on" title of the prices at least slowing a little, didn't come through in the article (at least I didn't get it) but 3 reasons that happened within the last week and now they are just now telling us why they might remain as high as they already are. They raise the price, they let us suffer, then we all figure how to do without or adjust to accomodate and when we finally have at least a little grasp on dealing with it, then they come out with reasons why they are staying that high. I still have not heard why they got that high in the first place, other than the dollar being weak, but it has been weak before and this has not happened. So, oh well, they got what they wanted - high gas prices and the American people dealing with it.
http://news.yahoo.com/s/csm/20080623/ts_csm/apricepause
Do you see any calm after the storm?
1 person likes this
4 responses
@sturner03 (326)
• United States
24 Jun 08
I know that in california right now gas is at 4.50 a gallon. And Maine and Florida are catching up fast. I think it's crazy that we are paying so much for one gallon of gas that will take you maybe a mile.
1 person likes this
@coffeebreak (17798)
• United States
24 Jun 08
I am in So. CA and last week I paid $4.47 for regular, and I see today at the same station it is still $4.47. If it stays like that longer, people will start buying again as they will be so glad that it has finally stopped climbing they will think they are getting "deal" now - "thank goodnesss it has stopped climbing, now we can buy gas again". That's how they do it. Notice they never have brought gas back down to even near the price it was before it suddenly went through the roof!
@banadux (630)
• United States
24 Jun 08
There has been a big push for alternative fuel methods. I know people who run their cars of gas made from used cooking oil. People have been making their own electric cars for a while now. Hybrids are more prevalent and you even get a tax deduction for them. I think the oil industry knows that while certain countries are starting to ramp up their oil consumption the US is getting closer to dropping off. I think within 10 years oil usage in the US will be mostly military as electric and hybrid cards will dominate the sales. The oil companies are just trying to fill out their pockets before the wells run dry so to speak.
1 person likes this
@coffeebreak (17798)
• United States
24 Jun 08
You could be right, although that is giving the gas companies a bit more credit for intelligence instead of just the greed that they are famous for. I can't see them planning that far ahead! Gas/oil is the backbone of this country and always will be. Could be supported more by other sources, but still - it is what we need. But hey, if alternative fuels help...let's go for it.
1 person likes this
@twallace (2675)
• United States
24 Jun 08
Gas prices are something else, and they will keep going up. I don't see them going down soon and the people that need to drive have to buy gas. It's not like they can gather and picket against the high prices. Gas in one thing that this country runs off of. With out it people can't get around. So everyone has to deal with the changes. Now there was something you forgot gas is going up and so is everything along with it. What is going on, a straight answer will not come from the ones that this is not affecting. Have a good one and take it easy.
1 person likes this
@coffeebreak (17798)
• United States
24 Jun 08
Gas is the backbone of this nation. Belive it or not. Without it we shrivel up and Iraq takes over! We need it. Other fuels will help, but bottom line,....we need gas. Although it might slow down in its rise or at best , just stay where it is. It won't go down much at all. People have shown that they will find ways around the high price - public transportation and car pooling etc. We made it this far, they'll just keep it as is and watch us all deal.
@arkaf61 (10881)
• Canada
24 Jun 08
OF course they will stay high. I don't really remember of them coming down at least much after a hike in price.
The truth is that someone(s) is gaining from it. That's always the answer isn't it?
The truth is that even if demand goes down here and there, it will still be high for the most part.
The truth is they will just keep it until we are used to it, and them continue.
The hopes? well... cars are being much more economic in terms of gas and there are many turning into alternative sources of fuel.
Maybe this will make them all work faster in that direction because honestly even without price hikes they know oil is not an infinite supply. Time to really look into alternatives.
1 person likes this
@coffeebreak (17798)
• United States
24 Jun 08
Yep, sure will on all counts. History always repeast itself in this case..
@chrislotz (8137)
• Canada
1 Jul 08
I live in Canada and our gas prices are just as high as yours. I really don't understand it either, how they got so high and I don't understand why they have to stay high. I think the price will never come down again, acording to the little bit of news I have heard on it. I don't follow the news about it because I never really understand half of what they are saying, anyways. I guess we all have to learn to live with the high prices because they will never come down again, not much anyways.
