Why Gas Prices Are So High

Why are gas prices so high? Should we blame President Obama as Republicans suggest? Is more domestic drilling the answer? The Keystone XL Pipeline maybe? The Young Turks host Cenk Uygur explains how oil speculators (such as Goldman Sachs and the Koch Brothers owned Koch Industries) can determine almost 2/3 of the price of gas.

http://thinkprogress.org/economy/2012...

http://www.politico.com/news/stories/...

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• Category

  News & Politics

[Dave Chicone]

We need gas to power our V10 dodges, lawnmowers, Harleys, grass trimmers, big 3-engine powerboats, and power our tanks and war machines.

[0isay]

Just sayin' you wouldn't waste time to troll when there's no money in it.

[Doug Staab]

Really? Refinery repairs - really??? Lets try the truth - the refineries in the USA are making so much gasoline that we not only supply a complete nation but export gasoline by the shipload to other countries as well.

l. It is about greed - plain and simple. major oil companies want to put the price of gas on parity with the rest of the world - where they pay between $7 - $9 gal (in litres).

[ParkJongBum]

That's terrible. But thinking about the alternative, taking public transportation is nice choice

[bluezone3]

buses tend to use gasoline, so ticket prices go up along with everything else... our economy is entirely based on oil...

[ParkJongBum]

Well, gas prices up? then take a bus, subway. I commute by subway. Very comfy.

[fwoodfball60]

One can only wish in the US......

[KnightxxArrow]

Gas in Venezuela is two cents.