Why is the price of gasoline going up so fast?
401296
Gas stations are getting rich and taking advantage of the gasoline "shortage".\n\n\nDid you know that in Venezuela gas is only 14 cents per gallon!
806984
I believe the Bush administration Is the cause for the increase in gas prices. Do you remember when the Vice President had a secret meeting with the oil big wigs? This meeting was so hush-hush the president went to the supreme court to have the minutes sealed. soon after gas prices went through the roof. The Bush started the war in Iran. We had Gulf coast storms. There were a lot of factors but mainly it is greed by the oil companies. Oil companies will site market conditions as the reason for gas prices increasing. What they wont tell you is that they caused those conditions. ask them why did they close oil refineries down in Calif. and not build new ones?
42936
Those are pieces of the economic picture within the US.  Based on the information that's been coming out of the oil industry, a high oil price is mostly priced into the earnings equations for most companies.  [I actually think that this is NOT the case, but that seems to be the assumption on Wall St.]\n\nThe auto makers are actually making announcements that are going to improve their profitability -- that generally makes their price go up.
426565
Oil prices will probably keep escalating, because everyone is using cars, and even though oil prices are becoming more and more, we keep using the same amount, if not more. Oil prices aren't going to be what matters for people to buy more efficient cars, it's going to be when the more efficient cars become more commonly used by the world's people.
635142
I began driving in 1972.   The price of gas was .25 per gallon. I remember shortly after when it went up to .29 per gallon and people were complaining because it was so much easier to FIGURE the cost at .25.  Crazy, isn't it?
363648
How much they made in profits has nothing to do with the price of gas.  \n\nThere are quite a few reasons that gas prices are rising.  First, simple supply and demand. The price of the oil that is refined to make gas is rising.  This is because worldwide demand for oil is growing (think about China and India).  Right now due to our little war and the other unstable oil producing countries, worldwide oil production is not where it needs to be.  Secondly, with the increased demand for gas in this country, the current refinery system cannot meet demand.  The EPA has put a strangle hold on any new refineries.  There hasn't been a new refinery built in this country for 30 years.  Lastly, the government has allowed all of the major oil companies to either merge together or be acquired by foreign companies.  Exxon / Mobil, Chevron / Texaco, British Petroleum / Atlantic Richfield and Royal Ductch / Shell.\n\nAll of this is the perfect recipe for big profits.  Publicly traded oil companies like Exxon / Mobil are doing what they are supposed to be doing; maximizing shareholder value.  If you want someone to blame, blame the government.  They make the environmental laws.  They started the war.  They allowed all of the mergers.
615592
when oil prices go up, It costs more to make & deliver goods. In turn the price of goods go up. Hence inflaton.
446687
It is already here.  But we don't want to change and continue to use gasoline like when it was cheaper.  It will start affecting how we travel and live when the price continue to increase.  We continue to buy these oil from Iran (not our friend) and support their government through our need for oil.
774056
Market forces my behind. The price of crude is still dropping while the price of gas is creeping up again. Are people really trying to say the price of gas dropped seventy five cents after labor day because the summer driving season ended? Get real. The oil industry is globally manipulated and further down the chain manipulated by everyone who can manipulate it. Every oil company dumps their gas into a common pipeline and then pulls it out somewhere else along that pipeline. Exxon-Mobil, Citgo, Chevron...it's all the same gasoline. They each add some ingredients to try to distinguish themselves from one another with whatever they claim their gas does to enhance your engines performance. Think there's no manipulation? What happened to the oil shortage from thirty five years ago?
31992
Some people and news agencies argue that labor strikes, hurricane threats to oil platforms, fires and terrorist threats at refineries, and other general problems are responsible for the higher gas prices. Critics argue that these problems periodically push price higher, but that they are not fundamental or long term enough to cause the large jump in gas price. A more fundamental problem that some believe is causing the price to raise is the probability of peak oil already or soon to be reached. Not only is there a limited amount of fossil fuels which have been burnt as fuel, but however much remains will be used faster by a growing industrialized world population and what remains will be more dificult to get since the easiest wells have been tapped and the remaining sources will be fought over in resource wars.\n\nOthers believe that the price of oil is almost entirely speculative, and that the increase in price is due to oil speculation extending into the long term. These people argue that speculators foresee increasing demand, decreasing supply, or both, leading to a long term increase in the price of oil. If these speculators are wrong, current prices may actually be a price bubble, and the price could thus collapse. A July 14, 2005 Morgan Stanley report suggests that opinions of the oil market could burst just like a bubble if indications of declining Asian demand continue.
1062509
Look who's running the country...a bunch of oil freaks.  Everytime the price of oil goes up they are cashing in!  They don't want to come up with alternative fuel sources because there is no money in that for them.
183542
He is absoulutly right, gasoline in Mexico City right now is $.78. I looked it up on the net. You people that can't do metric conversions and monetary conversions, are the stupid people. Of course America is getting screwed for the cost of fuel. America pays the most to offset the rest of the World economics. The burden is on us, and always has been.
397625
In general gas prices are high due to the federal and state taxes piled on each gallon (24% last check).  We would be led to believe the technology does not exist to make other sources viable.  This is probably untrue, but the gas companies may have it all tied up.  The answer is we must push aside the environmental wackos and drill for our OWN oil.  There are thousands of years worth of supply in many parts to the US.  Canada does not buy foreign oil, in fact we buy some of ours from them.  All we need to do is start DRILLING.
384032
The most recent spike in prices is due to the elimination of MTBE as an oxidiant in gasoline. The rules protecting the seller from lawsuite over MTBE change on May 5. There is a serious concern there might not be sufficient ethanol to make up for the MTBE loss.
850775
they already started to go up, ON ELECTION DAY.  opec must be sick with the election outcomes.  i hope the investigate 4.00 a gallon last year, i hope nobody forgot
386567
Let's take a look at a few facts.  First, the cost of crude oil for each gallon of gas sold in this country has gone up from about 35 cents per gallon in 1999 to $1.59 per gallon in 2006.   So ... crude oil prices go up by 454% over a period of seven years.  How much did gas prices go up during the same period?  Try 162%.  Looks to me like things could be worse.\n\nSo ... did George Bush set those crude oil prices?  Did the oil companies go out there and set the prices that high?  Helllloooo!  Do you think the oil producing countries like Saudi Arabia might have had anything to do with it?  Is it possible that the ever-increasing worldwide demand for crude oil was a factor?  How about the fact that oil exploration slowed several years ago when crude was selling for under $20 a barrel?  Now that the price is so much higher many more companies are getting into the exploration business ... but it takes somewhere around 5 years from discovery of an oil deposit to actual production.  The price of oil didn't start its uphill swing until about 2004.  Do the math.  You also have the fact that oil is a commodity that is traded on the New York Mercantile Exchange.  Traders have much to do about setting prices.  Do you suppose that George Bush is calling these traders in to coach them on just what those prices should be?  That's what the Democrats want you to believe.\n\nIn short, when supplies increase and demand decreases.
790990
http://www.howstuffworks.com/gas-price.htm