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Can anyone in the world explain by gas prices are so high? email this discussion to a friend?

myLot reputation of 46/100. thegreatdebater (1032)   ranked 510 out of 6,344 in politics7 months ago

Where I live, gas prices are as high as $2.90 a gallon, the national average is $2.60. Yesterday crude oil ended the day at $68.44 a barrel. At the peak last year, oil reached $147.00 a barrel, and the national average was $4.11. According to Valero (the largest US oil refiner), world wide supply is very high, demand is very low, and they are expecting a loss in the second quarter. There is absolutely no reason for oil or gas to be at this level right now. So why is it so high?

 
 
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heathcliff (791) response was accepted on 7/6/2009.
denotes best response.
tags:  gas, gas prices, oil prices, prices, hard to find
 
11. myLot reputation of 83/100. onlinerep01 (419)   ranked 3,525 out of 6,344 in politics   7 months ago

Hello,
I just think it is down right pathetic to be honest, and it is just a way to make more money. I mean come on gas stations has to be the number one money makers around. Look at it this way you, don't pay for gas you don't go anywhere. Do you notice how in particur gas prices goes up during the summer months? That is because do the most traveling during the summer,so they figure they raise the gas prices the more they will be paid, it is a shame but that is how thingts are set up these days. Oh I forgot to mention earlier on that gas is $2.90 where I live.
Happy My Lotting!


myLot reputation of 46/100. thegreatdebater (1032)   ranked 510 out of 6,344 in politics  6 months ago

Onlinerep, actually the gas stations aren't making much money at all. I am a salesman and I have a few truck stops and gas stations as my customers, and they only make money on the products in the stores. The gas is a way to get people into the door, like you said we all need gas, so you have a captive audience. If you look up the news from last year you will see that companies like Exxon/Mobil sold their gas stations because they were LOSING money. If you don't have to buy your gas from someone else, and your parent company is the largest oil company in the world, then how is it that you can't make money. The companies that make all of the money are the: Oil companies, the refiners, and the oil traders (who make even more then the oil companies). This is probably more of the reason for the recent increase, these traders can't find anything else they can manipulate, and they know from last year they can do it to oil.

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12. myLot reputation of 92/100. Celanith (1852)   ranked 489 out of 6,344 in politics   7 months ago

It is about greed and the stock market which politicians are heavily invested in one being oil. If Oil prices climb they make more money, they don't care about the rest of us. As to the person from the UK yeah you have high prices too but you have a better health system, higher wages and you don't drive as far and you have a terrific public transportation system. None of which we have here in the USA. People are losing jobs here and many are NOT going on vacation or traveling except those with incomes over $35,000. The elderly and large families and poor are not making it as it is. Obama and the rest better do something. We in USA are NO LONGER UNITED. IF EVERY employed person refused to drive or go to work just ONE day or two or three the gas prices would come down. Employers cannot fire everyone. They would scream. Or if most would NOT buy gas for a whole week. They would come down. It has to be a chain reaction for them to get the message. Enough have to say NO not anymore. Don't go to work, don't drive, don't buy gas, stay home. Send a message. The reason is pure greed. There is plenty of oil and more for years into the future. As to driving other cars how about we all go back to horse and buggy that would take care of a lot of problems world wide. Pollution, Ozone, Enviroment, Social life and more, health, more people would exercise. But well we know that is not going to happen. The government thinks carpooling or taking the bus is the answer. They have their head in the sand. USA is primarly rural with some large city tracts. But lots of people live rural. No public transportation available and most cannot car pool due to different work places, locations and schedules. It is unrealistic but they think it is real. They have nor clue. The lawmakers don't get it at all.

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13. myLot reputation of 96/100. tjades (1414)   ranked 1,381 out of 6,344 in politics   7 months ago

One of my friends who get a ride with to and from work was lamenting the same thing here just yesterday.


Motorist are paying nearly $80 Jamaican dollars per litre of oil(really less than US$1 at the moment). We keep on hearing about an increase in the US Golf reference price (or something to that effect) and that always spells bad news for us.

In addition to that we are now paying a gas tax which adds to the increase in gas prices.

I do not undersand it all but gas prices here are certainly climbing steadly back to the price we were paying when we were facing a worldwide crisis.

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14. myLot reputation of 56/100. manayonboy (277)   ranked 2,566 out of 6,344 in politics   7 months ago

May be source pf gas now its hard to find. and the demand is increasing every year as the population is increase very fast. so i think people now must think for alternative way source of energy not only in gas

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