There is no avoiding the fact that gasoline is expensive. But what are all the seperate and important reasons? how about some help on this.. Post any little or big reason that Gasoline is so high.. Maybe we can make a timeline and see what are the elements that have driven Gas so high..

 

reason #1 - the entire supply chain behind the consumer sales of gasoline realized that they could get a higher price for it.

. . . and so far, they've been quite right

 

At first it was hurricane katrina then it was the war now its the economy
I don't know about everywhere else I live in mississippi and its 3.49 for regular and 4.29 for diesel

 

You are quite right, but is this a true supply, or an artificial one.. Or is this bidding frenzy? any one else..

 

In my opinion, it's just the Perfect Storm. The war obviously pushed tensions with the Middle Eastern oil organizations past the breaking point, which led to causing more tension on our part by trying to play hardball with them, and Hurricane Katrina added to our problems, and the big problem, that could've possibly fixed everything, was the oil companies and the big shots getting rich by raising the prices, when if they hadn't been so greedy, they could've kept the prices down even with the tensions in the Middle East

 

Yes all of these reasons are part of the whole story.. But remember! some that the public see as reasons, are really media driven reasons, and not true reasons.. and here comes the seculators that hope there is a shortage.. Real or not...

 

here in indy it is 3.95 for reg., 4.05 for plus 4.15 for the top, and 4.65 for diesel and the government wont do anything about it because they all own stock in the oil comp. so to loose there extra money they wont do anything about it in saudi the fuel is .65 cents a gallon you tell me whats wrong with the price here

 

oh hell ya they built that damn island

 

I can only theorize the reason in America :

The American dollar is way down in the world market.

 

Isn'5 the fact that the oil companies are showing the largest profits in history having anything to do with it? Sheer Greed and to hell with the consequences, I wont be surprised to see them all become Dubai Corporations.

 

There are those who would contend its supply and demand but there is ample evidence that neither gasoline or oil follow supply and demand. Right now the biggest single reason is because oil is setting new record highs almost daily.

But that begs the question of why the price of oil is so high. There is no real shortage, although there is increased competition. Right now however it is primarily speculators that are driving up the price and they will use any excuse to bid higher. The excuses change every week and amount to possible things that never really happen.

However lets look at the opposite example. Congress stopped putting light sweet crude oil in the strategic reserve today. That means more oil on the open market and an increase in the supply of especially the most expensive and easiest to make gasoline out of grade of oil. What was the reaction to this increase in open market supply? Oil set a new record high today.

 

$3.98 - for regular and $4.28 for supreme in the metropolitan area

The price has gone up because the market will bear it. I don't think the supply has dropped significantly enough to justify a $.4 - .7 increase in the past month, or preceeding year. However the whole "going green/green" movement has gained a lot of momentum recently, and I think the more momentum "going green" gains the higher the gas prices will jump.

As far as oil companies go, Exxon Mobile Executives are in the business not as nice, civilized or humane people, but as money makers. It's their job to make money for the company and themselves. I'm guessing no one here would turn down a huge promotion? Well neither would an oil company executive.

I'm not saying I agree with the oil companies, but it's understandable. And to boot they're being enabled by the greenies and the media.

 

You could have talked all day and never said the bullshit at the end. The greenies and media as you call them has nothing to do with it.

Here's the bottom line plane and simple. The oil companies and wall street see the democrats getting elected in the fall and are going to gouge the shit out of the prices between now and then before any controls or taxes can be slapped on their greedy monopolizing asses.

 

because they know they can jam us so they do!!

 

I'm going to challenge this idea with the thought that relative to many other commodities, gasoline isn't "expensive" yet. Take a peek at the cost of retail gasoline compared to any other price index measurement over the past 50 years . . . gasoline has lagged behind food, housing, clothing, etc. Here in the US it has been artificially low for a long time and we've gotten used to it.

 

I don't understand what's wrong with this. UAE is actually trying to diversify their economy with money from oil. They're just trying to modernize their country.

 

And also the main reason gas prices have gone up is because the demand here hasn't gone down a whole lot. They are making more money because people aren't willing to change their habits. If everyone used less gas according to the rules of economics the price should go down.

 

Besides I think the price of oil going up is a good thing. It will encourage innovation and progress in the technology, energy, and transportation sectors. People will learn to be less wasteful (as now they will have an incentive to do so). Maybe we will finally learn to see some public transit in this country (like high speed rails in the Northeast and Midwest).

 

Best of replys

Great Great comments:
Back in the days of Standard Oil and the break up of a monopoly, but what happened after that? Yes the oil companys got smart and bought the control of oil underground so to speak.. they learned the secrets of the lobby. They bought and ellected presidents and congresses. When we have a oil man for a VP. and then holds secret meetings to form the Energy Bill, the members of those meetings were the oil men.. and the supreme court helped hide those names..

We got another lesson of oil control by OPEC with the embargo in the 1970's, remember CAFE, remember the lines at the gas pumps to get a tank of that (artificial shortage) more expensive gasoline.

Bush did a very hurtful move when he come to the office, he order crude to be purchased for the Stratigic reserve when the crude price was high, thus sending it higher and moving the price further up for his investor buddys. Now with crude going way over $100 a barrel he decides to purchase more crude for the Reserve and push it even higher. (hopefully congress has put a stop to it)

The real reason for the invasion of Iraq was to take out its leader who had shown such strenth to help keep OPEC stable, and was moving to bring OPEC to the Euro and away from the american dollar. The festering anger about Saddam nationalizing the Irqi oil some years before and kicking out the Exxons and others.. No it was not his killing people with chemical weapons that we helped him get. Ok lets get off that, and not into the Burma, Thiland, and all the countrys of Africia, that we are blackwatering our way into.. But it all is part of the need to keep the comodity price of a barrel of oil up..
KEEP THE COMMENTS COMING.