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what is the freaking deal with gas prices? email this discussion to a friend?

staci26 (97)   ranked 16,051 out of 38,095 in life2 years ago

Good lord I dont know how much longer this can last I mean honestly everything just keeps getting more expensive when the gas prices go up! When do you think this will stop? The nation is going to go bankrupt before the gas prices go down, I remember 7 years ago I could still get gas for 99 cents a gallon, when do you think this will all end? and why do you think the gas prices are so bad now? Do you think people are being too greedy?

 
 
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tags:  gas, economy, gas prices, new cars, bills
 
1. myLot reputation of 97/100. Ruthep (5928)   ranked 209 out of 38,095 in life   2 years ago

Greed plays a big part. There is less competition among the oil companies becaue there are fewer of them. Price is tied more to stock prices than ever before. Some economists believe because the price of oil is tied so closely with the stock market and the majority of oil investors sre american investors and with the economy on the downslide prices will eventually drop.
Plus when the feds cut interest rates there is always the risk of inflation spiralling out of control. The feds believed that was of secondary concern however.

American Petroleum Institute: gas Prices Learn more about gas prices from the American Petroleum Institute. www.api.org
 
2. myLot reputation of 85/100. marciascott (11746)   ranked 1,187 out of 38,095 in life   2 years ago

Yes, tell me about it, have you seen those new cars that run on Electric. I think in the next few years we can drive our car with electricty.


staci26 (97)   ranked 16,051 out of 38,095 in life  2 years ago

cars that run on electricity are a great idea, the only downside is that they are expensive to buy.

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3. myLot reputation of 93/100. overwings (3609)   ranked 326 out of 38,095 in life   2 years ago

And not only in America. On the other side of the Atlantic despite that the euro-dollar helps to reduce the increases in about 20%, bills are going up without control. Just a couple of years ago it was around 90 cents for a litre of diesel and now it costs about 1.14€, and this country is not one of the most expensive. Italy or the UK have gas higher prices. And heating as well. Gas bill for the two coldest months was close to 300€, same as last year, but this winter was warmer so didn't heat up as much.

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4. myLot reputation of 81/100. michfroi (385)   ranked 3,152 out of 38,095 in life   2 years ago

i dont think theres an end for this kind of problem cause as you can see, as time passes by, nothings become cheaper, it keeps on getting to a high price... i dont think theres a solution for this and as a consumer, we cant do anything but to purchase...

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5. myLot reputation of 98/100. lingli_78 (10195)   ranked 6,666 out of 38,095 in life   2 years ago

well, we experience it here as well in australia... the price of fuel had increased so much compare to in the past... it really eats up on my budget... well, i guess i just have to be smarter in managing my money to make ends meet... i wish the government will do something to keep the prices down soon... otherwise, we all will be struggling and no one will want to drive anywhere...

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