Can anyone in the world explain by gas prices are so high?

X, as you know I am in this industry, and there is No reason for gas prices, or oil prices to be this high. Supply is high, demand is low, and the biggest refiner in the country says they aren't making money. Your guess is as good as mine, but Obama better step up and find out what is going on, and put a stop to this quick. High energy prices were partically to blame for the mess we are in now, and if they continue to go up, then it could send us into a depression. I was listening to CNBC on Friday and one of the oil experts made a very scary comment, "he said that we know that the $4.11 per gallon mark is where Americans stop buying, so we know it won't get that high". I think we will see the $3.00 a gallon mark, but that isn't a stretch it is already $2.86, so that isn't that far away. But we could see it go even higher, but it is all about the media, if the media notices this, and tells everyone about it, it will put pressure on who ever is doing this, and will force them back into their holes (where they belong).

You hit it on the head, it's not an election year. So they don't care, because they're all going to profit from it.

Heathcliff, you are 100% correct that we need our politicans to stand up for us and drive these scum back into their holes. The sad part is the only time our politicans react to something is when we make them, or they are getting paid to. I am sure that it being a none election year does allow who ever this is to make a fortune off of us. But, we need to get this back inline, if we allow them to continue with this, the next time oil takes a huge jump and reaches that $147.00 range gas will be in the $6.00 range.

I do agree with you Arkie, the oil companies are greedy, and that our politicans need to stand up for us. The oil companies don't mind throwing around millions of dollars at our elected officals, and we all know that our government is run by money.

Yes and keep in mind that every cent the oil companies bribe out elected with comes out of our pockets every time we buy a gallon of gasoline. The stupid idiots are using our own money against us and this bunch of dumb A*s*s we have in Washington are letting them do it. What's worse is we are sitting on our hands letting them get away with it. When you have looked at all sides of it I must say we are getting exactly what we deserve.
Art

Arkie, you are 100% correct. The sad part is that our government is run by these criminals, and even when someone comes in talking about reform, they are quickly paid off so they never change anything. It is hard to blame people for taking all of this money when you consider most of us would do the same thing. If you were offered millions of dollars to vote a certain way, or not vote at all, then the vast majority of us would do it. I find it ironic how many people go to Washington with a modest bank account, and leave millionaires. Government shouldn't be a place where you made your fortune, but far to often this is the case.

You are exactly correct. We need a law that says a person cannot accept money from any other source to use to be elected. If these people had to pay out of their own pockets to tell us all these lies they might choose their words a little better. This would stop this stuff of spending millions to win a fer hundred thousand a year office. At least they wouldn't owe all these favors when they did get in office. We need to clean a lot of trash out of Washington and new laws that are strictly enforced is the only way to do it. The big problem is this trash that needs to be removes are the ones that pass the laws. New laws should only be passed by popular vote of the taxpayers. Not by the crooks we have in office. The bottom line is the voters are going to have to take control of this country. Either with peaceful ways or with guns, their choice. The people took this country once and if we are forced to we can do er again.

Art

Forgot to add, it's hurricane season now here in the US, so plan on even higher prices once the season gets into full swing. I can hardly wait to see how high the prices get when the "panic" sets in from a hurricane only "projected" to hit somewhere in the US this summer.

And that's for a litre isn't it?

Glassy, sorry to hear, maybe you should start looking at making your own fuel in this case.

Glassy how the heck can you afford to pay that much for gasoline to get where you must go? We couldn't do it here in the US.

Art

Mommaj, I figured that according to past history, gas should be $1.89 a gallon, and if we don't act to stop them it will be up to the $4.00 range within a month. We do need to find an alternative fuel to run our cars, they already have one for diesel trucks. OPEC really isn't a player anymore, it really is the big oil companies that are controlling the price of oil in the world. We buy a very small amount of oil from OPEC countries, and OPEC has had alot of problems keeping members in-line. The last time they limited production, only 50% of the members did so. Which didn't do anything at all to the world pricing.

Wasn't that just a couple of months ago? I so can't keep up with time. I thought OPEC limited supply and the prices started creeping back up. Then when summer travel began in May you started seeing big jumps. You gotta love the greed in the world. I think the alternatives to fuel should be worked on a little more instead of just when the oil prices start going up. I would like to see the technology used and be at a reasonable price, that was researched in the 70's and 80's. If you can make a hydrogen engine it should be able to be mass produced cheaply. Guess they still need to work on this technology though. I say go back to the days of "boot leggin'" and use alcohol in the cars.

Mommaj, yes that was a couple of months ago and the price did continue to go up, but it started before that. Here is what happens in the oil market: OPEC needs oil at $60 - $90 range to make money and keep demand where they need it at. When it is to low they lose money, and when it is to high they lose money. That is right they lose money when it was at $147 a barrel because demand when down, and alternative fuels were being used more which means that they were sell less crude oil. You would be surprised to see some of the statements out of OPEC when oil was so high.

Alternative fuels are out there, but the base product for these fuels are in countries that we aren't very friendly with. Countries like Cuba, and many south American countries have large amounts of sugar that we can use for ethonol, but we can't the this from them because we have trade embargos.

There are other options to decrease our demand for oil. I have a customer that has a Ford Mustang that is 400 horse power and gets 87 mpg. If we for the car companies to use this technology then we can decrease our demand for oil, and lower the cost of oil.

Randy, it is true that the dollar has taken a hit, but not enough to effect the price this much. Using your logic, exports would be through the roof, because we as a nation export oil. But, they are not. I am not happy with the fact that ALL of our politicans haven't stood up to the big oil companies and started to ask questions about what is going on.

Our gov't has its hands in the gas situation or they would have done something about it. Maybe the oil companies are paying the politicians and getting them into office. I think you should want to know WHY the gov't isn't asking oil companies what the heck is going on.