Dumb Question: Why are gas prices so high?

Across the internet, there seems to be no answer available.

Category:

News & Politics

Tags:

• kurtis
• kunga
• cw
• fisher
• apologist
• gas
• prices
• recession
• depression
• inflation
• oil
• barrel
• iraq
• middle
• east
• saudi
• arabia
• ira

[contentlocked99]

omg 2.47 a gallon thats cheap

[99N92]

good question

[999alex9991]

because they can, simple like that!!!

[sardoniclysane]

WE didn't steal the country, and oil production is ran by OPEC, not the United States.

Why is it that conspiracy theorists so woefully uneducated?

[tikman2007]

Because the supply of oils is monopoly. That the supply is controlled and owned by a tiny small group of people. It means they can control the price, they can sell oil at very high price, because no much other suppliers in the market to compete with them.

[vanityfox451]

To answer the question, please look up on 'You Tube' :- "The Most Important Video You Will Ever See (part 1 of 8)" If this doesn't answer the question, then I've simply been a waste of your time...

[ccarmean1968]

It is because of the speculation in the Futures market. Big hedge and Pension funds are buying futures because of the weak dollar and the low returns in the Stock Market.

[oolceeoo]

Gas prices are high because we can no longer sustain our economy on oil. The age of industry based on oil is coming to an end, and it is going to be a painful transition for the next age that we are entering, but if we remain strong we can pull through the tough transition.

Oil is what keeps our current economy going. When oil is more difficult to obtain, which it is becoming, our economy must evolve or it will face extinction.

[u2canbfmj]

Falling dollar making oil Cheaper in "raising" foreign currencies. Alone, this increases foreign demand. Lack of refining Capacity in the US. Congress not willing to set higher fuel economy standards, beacuse congress is bought by big oil. Those are my first guesses. Its a perfect storm for US citizens to get F'ed, again!

[markymarkuss777]

This is the year the Stock Market crashes. Yep you heard it here first. 2008 will be the year the Stock Market collapses and America goes straight into a "Greater" Depression!