why are we are paying $3.65 per gallon of gas? we are a oil rich country, the gas should be $1.00 PG.?
609322
Let me see Oil rich bastard gets elected oil companies record highest profits of any corporation in the history of the U.S. Coincidence?
1108557
I will think so.  Yes, $70 per barrel seems to be too high.  However, with the increasing demand from developing countries like China and India, oil will probably reach $90 by this year end and over $100 next year or so.
11708
So we can pay less then 3 dollars for a gallon of gas.  Every other nation pays twice that.  Italy is roughly 6.50 per gallon, while Japan pays about 20.00 per gallon.  If you own a car you would agree, if you own a truck with a V-8 you probably support the war.  If you own a Ferrari with a V-12 it doesnt matter anyway becasue you are rich.
299615
If we bomb Iran, we will suddenly see gas prices between $7-10 dollars a gallon and even higher as we see massive gas shortages.  \n\nIf we leave Iran alone, we'll see gas prices at an average of $3.50 for the summer, $4 by fall or higher if a hurricane hits the gulf.
993436
This seems to be the general consensus:\nBecause gas companies are trying to make money. By throwing that extra 9/10ths of a cent on the price it sounds 1 cent cheaper yet it is close to being 1 cent more. Say for instance that gas is $1.00 9/10ths per gallon (which is truly 1.009 per gallon) This is very cheap for gas but it will prove my point. Now if you bought 1 gallon, it would cost you $1. Now if you by 2 gallons you would expect it to cost $2. But it cost $2.02 because the 1.009 and the other 1.009 added give you 2.018 which in money rounds to 2.02 So by doing this the gas company is making two cents. This may sound like a small amount but most people buy more than 2 gallons and the .009s added up to make more cents. So if you bought 20 gallons of \ngas at $1 per gallon it would end up costing $20.21 roughly. For the millions of people buying gas this extra money turns into thousands of dollars. You may ask why not just make it $1.01 per gallon instead of $1.00 but this would make it sound like more money than!it is. It is just like stores charging 9.99 instead of 10.00. Nine \nsounds a lot better than ten and the same applies to gas companies. Its just the \ngas companies sneaky way of making more money.\n\n\nNOTE: despite my source, I don't think this was a stupid question.
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.
681183
Good question.  I've been wondering the same thing.  Fuel prices in Germany stand at over $7 a gallon (depending on the exchange rate and where you go).  Here in Europe, it's outrageous and always has been!\nKabbob, it is a worldwide issue!  I'm thinking the asker of this question has simply been speaking to people who live in Europe.\nThe fact that fuel prices are "pennies" in other countries is only because the cost of living is so low.
368718
Some of the prices are artificially inflated. \n\nHowever, gas prices in the US are still lower than in most countries. Go to Germany or England and pay the equivilant we pay per gallon for a liter. \n\nI do think that many of the companies are taking advantage of teh recoupment of defense oil reserves and the war against terror in order to boost their profits.\n\nOn a final note, though, the war in Iraq was not about oil. If it were, we would be getting oil from Iraq. We are not, yet at least. Much of what excess Iraq is producing is going towards paying their reparations to many countries.
222036
I can't speak for Pat Robertson but now I'm mad. How do they get to spend only 12 cents a gallon for gas and we pay $2.50 per gallon?
380150
As much as we ALLOW it to be. That's right, the price IS controlled by the citizens of this country and the amount of abuse they tolerate before standing up and fighting for what is right. Is it right that we as tax paying citizens must work as hard as we do just to buy more fuel to take us to work so that we can pay more taxes and buy more fuel? Enough is enough. The oil companies made BILLIONS in profits last year. How much did you make?
286607
why do we pay $1 for 16 oz. of the most abundant resource on earth? because they've polluted most of the free flowing water. i figure there's somebody out there just filling up bottles with tap water and selling it and making a killing! but i still buy my water in bottles. at least the price of gas fluctuates!
219101
Consider that in 1999 I was paying .99 a gallon and in 2006 I'm paying $2.60, I'd say that it's high.  In just 7 years, that's a huge increase.  That's a .37 per year per gallon increase.  Considering that all the years before that, it was probably less than a .05 per year per gallon increase.\n\nOf course, some theorize that we're at peak oil and decreasing output.  If this is true (and only time will tell), then gas prices will go nowhere but up from here.\n\nAnd, of course, if you listen to the people who claim the wages have gone up to accomodate, let's examine this statement.  In 1999, if I was making $60-80k yr, then in 2006, I'd have to be making around $200k (or more) to keep up with that level of inflation.  And, I can guarantee you that people who were making $60-80k in 1999 would be lucky to have gotten a 5-10% total increase in salary during that period of time... which would make the salary between $63-88k today.  \n\nThere is also no way that a person who was making $60-80k salary in 1999 would jump to $200k+ in the same position.  In fact, the job positions that tend make $200k or above are generally C-Level executive positions, some Wall Street bankers, some Real Estate investors and some celebrities.  You'll certainly never get that salary level as a teacher.\n\nThe $63-88k level of salary simply doesn't keep up with the level of inflation on gas prices at all.
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!
1120593
They are but prices for gas right now are through the roof. Try at least $3.50 for a gallon of gas. Everything is more expensive. There are a lot of locals who don't like tourist/ military here.
380440
There really isn't much. All gasoline has to meet federal standards. Go for price.
508328
Nobody knows.  Nobody.  Anybody who says they do is full of crap.  But here's a handy formulat to figure out how much gas should be based on oil prices.  If it's more by you, your gas station is likely price gouging.\n\nA barrel of oil hold 42 gallons.  So Divide the prive of a barrel by 41, then add in $1.00 in refining costs to get your approximate price.  This number only works in the U.S., sorry, I don't know the processing costs for other countries.  And this is for regular unleaded, the premium octanes cost more of course.\n\nSo at $63/bartrel, gas should be $2.50 a gallon.\n\nAt $70, it should be about $2.67 a gallon.\n\nAnd at $50 a gallon, tit should be about $2.19 a gallon.\n\nSo if it ever goes up to $100/barrel like those morons at Goldman Sachs said last year, then you can expect to pay at least $3.38 a gallon!
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.