Noticed How Oil Price Goes Up Higher Until We Sqawk then Its Lowered Again?
598226
The bastards are messing with us!  They are simply raising the prices to fatten up their wallets.  Their profits have raised by 30% and they keep changing the reasons for prices going up.  We never get a straight answer.  First its "a pipe broke and needs to be repaired so oil has gone up", then its "everyones using too much gas in their suvs", then its "we're negotiating to lower prices", um, excuse me but doesnt Bush OWN a refinery?
581781
There is NOT a supply shortage. Even OPEC and Saudi Arabia are saying there's no shortage. They are saying the gas prices should not be anywhere near as high as they are. What's raising the cost is that oil companies are gouging everyone because they basically have a collective monopoly, even though they're supposed to be in competition with each other. That's why oil companies keep scoring record profits each year while average Americans are getting poorer.
595280
My economic knowledge tells me that I hope it goes up up up. My company pays for my gas, and as a resident of Alberta, Canada I stand to share in the wealth that the province brings in from oil revenue royalties. My family got a check for $1600 this last time, but with the current (and rising) oil prices the next one could be much higher. \n\nMaybe people will stop buying stupid SUVs too. I just bought a Honda Civic and it gets great milage. \n\nIf the USA continues to try and clense the world of anti-western democracy govenments (Iran, N. Korea etc.) this trend will continue. If faith in the US dollar doesn't improve, people will continue to invest in commodities like Gold, Silver, and Oil, thus driving the prices up.
154555
Yes they are right. The prices are determained by the future supply and demand of oil.  Iraq is not why they are high.  It is by the increase in world demand with supply shrinking.  Mainly do to emerging economies of India and China.  THe govt regualating anything would make it worse.
218302
because demand increases (you go left on the graph) as the price drops (go down on   [excuse me here, but it won't let me say g0 d0wn 0n ] the graph)\nOR, Price high, demand low, (Top left hand corner),  Price low, demand high (bottom right hand corner)\n\nFor supply:\nAs the supply increases (go up on the graph), the amount people are prepared to pay goes down (go left on the graph)\nOR,\nPrice high, supply high (top right)\nPRice low, supply low (bottom left)
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.
278954
"In today's complex global markets, the price of crude oil is set by movements on the three major international petroleum exchanges, all of which have their own Web sites featuring information about oil prices. They are the New York Mercantile Exchange (NYMEX, http://www.nymex.com), the International Petroleum Exchange in London (IPE, http://www.ipe.uk.com) and the Singapore International Monetary Exchange (SIMEX, http://www.simex.com.sg)."\n\n\n\nBasically the availability of oil as well as the cost of finding more are the main reasons for the pricing of crude oil. But there are a lot more factors that come into play when you start talking about gas prices which are connected directly to the cost of oil.\n\n\n\n"Global economic expansion is driving what the International Energy Agency says is the biggest increase in oil demand for 24 years.\n\nOil companies have tried to become more efficient in recent years and operate with lower stocks of crude oil. This means there is less of a cushion in the market against supply interruptions.\n\nThe combination of low stocks and Opec action to keep them low leaves the market exposed to the prospect of sudden price rises if supplies are threatened.\n\nThe world's major oil consumers remain dependent on the Middle East for their oil. Recent violence in Iraq and Saudi Arabia has again raised fears about an interruption to supplies.\n\nAnalysts also view political tension in non-Middle East states Nigeria and Venezuela as having the potential to disrupt exports and drive up world prices.\n\nLow US gasoline stocks and pressure on US refiners to increase production of new gasoline blends have also helped drive world crude oil prices."\n\n\nHope this is what you were looking for, please send me an email and I will elaborate more.
808497
Oil prices are not very elastic.  Once demand exceeds supply, the price will skyrocket.  Excess production capacity is marginal supply that comes into play when the price goes up.  It may be a well that costs more to operate until oil is at $70 a barrell.  If demand is really great, then this capacity is used up.
819806
The price went up for us but the cost of crude remained the same.  Today crude costs went down.  Will lower prices follow?  Something smells around here.
68168
Gas prices are set based on supply and demand. If more people are using gas or there is a lower amount of gas being produced then the prices will go up.\n\nThe recent increase in prices is probably due to the growing tension with Iran. If for some reason the oil from Iran is cut off, there will be less production.
308833
Well don't we just have number of highly qualified liberal economists giving you answers!  Is there not one liberal who can actually give an intelligent answer - not just repeating Micheal Moore?  \nHave you ever heard of Economics?  Do you not understand that SUPPLY & DEMAND drive economics?  The high oil prices are pretty easy to understand if are open minded.\nCrude oil prices are set by OPEC (that's ORGANIZATION for PETROLEUM EXPORTING COUNTRIES).  China & India are demanding double the oil they once needed because of their rapidly growing middle classes.  The worldwide demand has gone up and the worldwide supply has not increased.  When you have more demand than supply then the crude oil price will go up.  If we had more supply than demand the price would go down.  It's pretty simple an't it!  OPEC controls part of the prices, refining crude oil is the other cost.  Since we have not built any refineries or explored for oil in the past 30 years because of enviromental wackos - that is contributing to the high gas prices.
390170
They raise prices by restricting supply. They try to maximize their income without driving their customers to alternate fuels or into a depression. Either would reduce their income.
638781
It was another contrived oil shortage like we are in now. The countrys in the middle east got together and stopped production. That shut this country down in three days. But what was not learned is that while their production is down they are making no money either. We could have waited them out and they would never try it again. This oil shortage is differant as they are releasing just enough oil to keep us going and keep prices up.
457866
The price of gas is going up due to the increase in price of oil (from which gas is refined) in the world markets.\n\nIt is not a question of supply and demand. There is as much oil being produced and consumed last week as this week. It is just that the stock and commodity markets (mainly in New York) control prices and push the prices up for their profit.\n\nThese commodity market types rely on politicians like George W and Cheney to use violent language. They will then jump on the bandwagon by bidding prices higher.
386133
Good question....\nWhen supply is down, demand and price go up \nWhen supply goes up probably because demand goes down so does the price.....I think its something like that but...try reading a book called Business Essentials
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
348889
supposedly it's because of "weapons of mass destruction." but we all know it's because of the oil. the shitty part is now bush has had us over there 3 years, and the fuckin gas prices are still pushing $3 and probably $4 in summer.