Why Are Gas Prices So High?
Friday May 18, 2007
It used to be typical for gas prices to rise and fall in sync with the cost of oil, but not this year. A gallon of gas costs more than it did a year ago, but a barrel of oil costs the refineries about $7 less than it did at that time. Fuel producers say prices are higher because refineries are down, some of them still out of commission since being damaged by Hurricane Katrina. Less production equals less gas and higher prices -- but why aren't damaged refineries being repaired? Tell us what you think.
POLL: Why Aren't Oil Refineries Being Repaired?
- Why bother -- gas companies know they can charge us more when fuel supplies are scarce
- They don't want to spend the money to repair and run them
- They can't afford to repair the refineries
- The refinery outage is an excuse, gas is always higher in the summer
- It doesn't matter why gas is more scarce and higher priced, but we'd better get used to it
- I don't know
- Other (leave a comment)
I remember last time prices went so high, I read an article about a certain oil company bragging about their 10 billion dollar profit for that quarter. So this time if gas hits a huge record high and they don’t fix the refineries, Then they can brag about a 50 billion dollar profit. And they know although we complain, we will still pay for it no matter how high it gets and no matter what the reason. If they are making all this profit, i think we deserve a cut. Or they can buy all of us a new flexfuel vehicle.
I remember last time prices went so high, I read an article about a certain oil company bragging about their 10 billion dollar profit for that quarter. So this time if gas hits a huge record high and they don’t fix the refineries, Then they can brag about a 50 billion dollar profit. And they know although we complain, we will still pay for it no matter how high it gets and no matter what the reason. If they are making all this profit, i think we deserve a cut. Or they can buy all of us a new flexfuel vehicle.
The SEMA car show is the best ever!!!!!!!!!
To the best of my knowledge there are few if any regulations on the petroleum/fuel industry giving them carte blanche ability to charge whatever they want to, and since the Bush administration cotinues to push for more tax breaks for the oil companies their profits will get even better by reducing their “cost” but once again proving that when “Big Business” gets a break it is not passed onb to the consumer but you better believe that any increase they incur will be passed on to us with a minimum of 30% additional markup to the consumer.
I remember the days of “gas wars” when the gas stations competed for our business but a great deal of our plight is our own undoing by becoming so dependent on gasoline and consuming it like it was free. People used to live close to work so their commute expense much less. A one day boycott is useless. The only thing that may ever give the consumer a chance is to DRASTICALLY REDUCE OUR CONSUMPTION by changing the rate at wwhich we use fuel.
When are people going to wake up and really see why gas is so high, The US government is letting the oil companies screw and rape the people, because they are getting paid off from them, it is time for the people to take this country back,