What's the Story with High Gas Prices?

IER hit the streets to ask why people thought gas prices were so high, who was to blame, and what could be done to lower them. Additional commentary by Mary Hutzler, a former Energy Department official and Senior Fellow at IER.

Category:

News & Politics

Tags:

• institute
• energy
• research
• high
• gas
• prices
• crude
• barrels
• Obama
• McCain
• Bush

[rodelero2]

This video is complete bull, the insitute for energy research is a lobbyist group for the oil companies.

The high price of oil is set by speculators, people who buy stocks on the global market and escalate prices, also the weakening dollar.

[utoober12]

How about talking about the declining value of the dollar?

[ww1250]

Thats the whole point of this administration is to raise the prices so high you have to buy the electric cars, now the epa is shutting down the coal fired power plants to raise the electric bill so everyone will go solar, wake up sheep... Obaaaa ma. Obaaaa ma. Obaaaa ma

[ajgolfer1]

@TheRiffCalendar you have public transport in norway ad high taxes on your gas.... you get what you pay for

[Jamar79]

TEST

[TheRiffCalendar]

OMG, you complain!? in Norway it's three times more expensive!

[dynomike1964]

Its not the price that is problem . Its the money you use to but it that is shit.

[residentzombie]

@Korschtal Ah ok well, thanks for doing the math and clarifing yourself. Still we need energy and lots of it and gasoline and coal are still the best sources out there. Coal is clean energy as is nuclear, but nuclear is extremely dangerous.

[Korschtal]

@residentzombie I'm not sure how this is connected to my comment. BTW I'm not sure of the current price of gas in Germany or how the Euro is against the dollar, but I worked it out for the time of writing two years ago.

[Korschtal]

@residentzombie I was responding to milofonbil's question on gas prices in Europe. We use Litres as well as Euros but I deliberately worked it out in US $ so it would be easier for US readers. The higher price at the pump in Germany is because we have a higher gas tax here.

[residentzombie]

@Korschtal Yeah let's get off of oil and start using nuclear energy, that's it! Oh wait isn't Japan having a nuclear fallout right now? Guess nuclear is off the table too huh? Coal!! Oh but I'm sure you think coal is too dirty, right? I know! We will all live like the Amish! We can destroy all automobiles and go back to using horses and candles and get heat from building camp fires! That's progress to go back to the way people lived in the 1800's.

[residentzombie]

@Korschtal What is the value of the Euro vs the value of the Dollar? Germany doesn't use Dollars, they use Euros. Japan uses Yen and the price of gas in Japan (prior to the Tsunami) was about 350 Yen per gallon. It's all based apon the value of a currency that determines the price of gasoline in different nations.  You should research what hyper-inflation is, because America is heading there very very soon.