Why does the government not do something about gas prices,yea oil prices are up but there are record profits.?
346415
There is no true energy crisis. There never has been an energy crisis . . . except as it has been produced by the Federal government for the purpose of controlling the American people. That's a rather dramatic statement. to make, isn't it? But you see, at one time I too thought there was an energy crisis. After all, that was what I had been told by the news media and by the Federal government. I thought we were running out of crude oil and natural gas. Then I heard, I saw, and I experienced what I am about to write. I soon came to realize that there is no energy crisis. There is no need for America to go cold or for gas to be rationed. We shall verify these statements as we provide the facts for you. You might be surprised to find that we will also show why the price of gas will remain high, and in fact will go higher than it is now.\nhttp://www.reformation.org/energy-non-crisis.html
360118
The oil companies set a new record for profits every 3 months.Of course they are gouging us.Most businesses lose money when costs soar,they dont make extra profit but less.
461013
the gas companies have greedy businessmen behind them milking this for all it's worth.  they are lying to the public, and making record profits!!!  its disgusting.  no one in this government will take a stand on this.  i think that they don't want to bite the hand that feeds them(money)!!!
384404
Definitely huge profits by big oil are the main reason for high gas prices no matter what lies big oil tells us to the contrary
507433
Oil prices are set by the market.  In other words, if people are willing to spend $72.00 a barrel, then why would oil companies charge less.  The market corrects itself.  If the prices are too high, people will purchase less oil.  If the prices are too low, the miniscule profit margin that the oil companies already face will diminish.  That is why we pay what we pay.  It is what it is WORTH to buyers.  Simple as that.  If you want lower gas prices, take the bus for a while and wait until the market decides that oil is not worth as much anymore.
1182403
While there are some subsidies for oil or service companies overseas, there aren't any here in the States.  In fact, a large reason the deficit shrunk last year was due to corperate taxes on oil companies.  That coupled with the 18 cent sales tax on gas generates huge revenues for the government.  It's true.
378056
They'll just keep putting the prices up because they know that companies and individuals have no option but to pay.  It's what's heppened here in the UK where gas is now more than $7.50 a gallon and demand is still rising.\n\nThere won't be fuel rationing unless there's an actual shortage of fuel and that doesn't seem likely.\n\nI can only speak for the UK when I say that there has been fuel rationing - during the war and during the oil crisis of the early 1970's.
1109609
You know the cost of gas/petrol isn't really made as high as it is by the cost per barrell. The oil companies like Exxon, Esso, Chevron, etc. charge a lot more for their gas then the price per barrell.  If you do some research into it you'll see that the oil companies are making a huge profit on their product. Oil/petrol doesn't have to be as expensive as it is and they can still make a profit.\n\nTo answer your question though, I would say yes:\n\n"To date there has not been an obvious negative impact on the economy because of the price of oil. It is partly for that reason that the Federal Reserve is continuing to raise interest rates to help tame inflation."\nhttp://en.wikipedia.org/wiki/The_Price_of_Oil_and_The_Economy\n\nIt's very strange. The cost of oil is raised to huge prices by Exxon, Chevron, etc. which raises interest rates, which hurts the economy. Why?
912851
because there is more than one reason to control the oil.  Oil is the money that extremists use to wage war.  The govt cant say its about oil because people cant get past the thought that we did it just to profit.  How about we did it to stop the people that want us dead from their gaining profit.  The only way to keep people at bay is to attack their money.  the same people that say we are waging war to take oil also say these terrorists cant do anything because they are savages living in caves.  maybe so now but anybody can gain technology when there are people who are willing to sell their technology at a price.  and they definatly have the ability to buy it with no restrictions on their use of the most used commodity in the world.
322862
Gas taxes provide the majority of the road upkeep in the country, which is underfunded as it is. How exactly would that help? Also, $.30 per gallon is not going to affect gas prices all that much. They will continue to go up, no matter what.
936895
You didn't say "Whos" price.\nI suspect you meant the consummer.  But, there's a lot of people and governments which try to get a piece of that dollar you spend on gas(oline?)\n\nThe prime culprits are taxes, commodities speculators, and other countries.\n\nSo the real answer is "whatever the market will bear".\n\nIt makes no difference that oil companies may keep their costs at are below inflation - outside factors are pushing the "price at the pump" to the point where the consumer rebels..\n\n"What I did like in the story is the soundbite (phone interview) they had with the CEO of Exxon, who was quick to point out that they (Exxon) make about 10 cents profit per gallon, while 'big government' (my words, not his) makes at least 4 times that per gallon.".....\n\n"The problem is that NO ONE ever mentions, like I have before, that these billions in profits is only about 8% of their total income. That is actually one of the lowest profit percentages of all industries."
1173170
Why do you think the gas prices suddenly went sky high?  There is NO shortage....no lines, plenty  of gas....but they get MORE TAXES with higher gas prices.   Government's answer to paying for war.
506424
Gas prices are going up everywhere for a variety of reasons, not all of which are "greedy oil companies." But I won't go into that.\n\nBecause of the mild winter we've just experienced, there is quite a bit of oil supply right now. I think prices will drop soon.\n\nBest of success.
1154704
Sounds like a good choise to me. As in the near future with the cost of petrol going up continually, people wont be able to afford to run a car!
1048259
We are going in debt by the trillions, this will eventually be paid by tax payers, your kids, your grandkids and maybe even your great grand kids will be paying this debt. No the oil company' are just pocketing the money. Record profits tell the tale.
820638
I say bring it on. And, after the investigations have concluded you will hear that they find no wrongdoing. I know you libs and your conspiracies have it all figured out, but oil companies do not make but 8 or 9% profit on gasoline. Your answer for everything is more government control. It's supply and demand, THAT is what drives prices and we are in competition with China since we are the two countries who consume most of the oil in the world. Oh, one more thing, It's not George W. Bush's fault either!\n\nExcellent post! It's nice to know there are like minded people out there.
284801
The demand for oil sets the price. Oil companies aren't responible with their power given the history of Hurrican Katrina they made a record billions of dollars in profit over this disaster.