Can anyone tell me why gas is so expensive?
#1

Seriously...
No natural disasters..... No shortages.... so why is gas still going up. We are on the verge of any miner disaster pushing gas to $5 a gallon
:curse:
No natural disasters..... No shortages.... so why is gas still going up. We are on the verge of any miner disaster pushing gas to $5 a gallon



#2



#3

There is also the increased demand from Asia and India, coupled with the rather stagnant supply.
http://www.cbc.ca/canada/newfoundlan...il-prices.html

#4

There was some disruption on the Nigerian pipeline last week. There was also a rocket attack on a tanker off of Yemen.
There is also the increased demand from Asia and India, coupled with the rather stagnant supply.
http://www.cbc.ca/canada/newfoundlan...il-prices.html
There is also the increased demand from Asia and India, coupled with the rather stagnant supply.
http://www.cbc.ca/canada/newfoundlan...il-prices.html
Opec has said that production is steady and there is no increase in demand in the US...........

#5






Joined: Feb 2008
Posts: 1,074


I read somewhere it's going to rise another 10-20 cents a gallon by mid-summer.


#6

Yes, but demand is increasing in other places. Chinese oil requirements were up 8% last month over a year ago.
http://ca.reuters.com/article/busine...D3274320080422
The Yemen attacks and oil pipeline sabotage saw the price for crude spike a bit this week. While crude bought on the market and gasoline bought at the store are about 3-4 weeks apart, oil companies buy much of their oil on the futures market so it is sometimes impossible to tell just exactly how much they paid for the barrel of oil that is now filling your car.
It seems when prices go up, they rush to raise the retail price, but when they fall, they let the 3-4 week gap expire before they drop their prices.
There is also the overall dollar's weakness (as oil is still traded internationally in dollars with the exception of Iran I think). If we see it switch to the Euro or some other currency, yikes.... Russia suggested this about a year ago and a top team of Treasury officials got on a plane that night and flew to Moscow to make sure that didn't happen.
I'm buying a mini if we switch to Euro-priced oil...
Another good article here
http://news.bbc.co.uk/1/hi/business/7362194.stm
http://ca.reuters.com/article/busine...D3274320080422
The Yemen attacks and oil pipeline sabotage saw the price for crude spike a bit this week. While crude bought on the market and gasoline bought at the store are about 3-4 weeks apart, oil companies buy much of their oil on the futures market so it is sometimes impossible to tell just exactly how much they paid for the barrel of oil that is now filling your car.
It seems when prices go up, they rush to raise the retail price, but when they fall, they let the 3-4 week gap expire before they drop their prices.
There is also the overall dollar's weakness (as oil is still traded internationally in dollars with the exception of Iran I think). If we see it switch to the Euro or some other currency, yikes.... Russia suggested this about a year ago and a top team of Treasury officials got on a plane that night and flew to Moscow to make sure that didn't happen.
I'm buying a mini if we switch to Euro-priced oil...
Another good article here
http://news.bbc.co.uk/1/hi/business/7362194.stm

#7

Yes, but demand is increasing in other places. Chinese oil requirements were up 8% last month over a year ago.
http://ca.reuters.com/article/busine...D3274320080422
The Yemen attacks and oil pipeline sabotage saw the price for crude spike a bit this week. While crude bought on the market and gasoline bought at the store are about 3-4 weeks apart, oil companies buy much of their oil on the futures market so it is sometimes impossible to tell just exactly how much they paid for the barrel of oil that is now filling your car.
It seems when prices go up, they rush to raise the retail price, but when they fall, they let the 3-4 week gap expire before they drop their prices.
There is also the overall dollar's weakness (as oil is still traded internationally in dollars with the exception of Iran I think). If we see it switch to the Euro or some other currency, yikes.... Russia suggested this about a year ago and a top team of Treasury officials got on a plane that night and flew to Moscow to make sure that didn't happen.
I'm buying a mini if we switch to Euro-priced oil...
Another good article here
http://news.bbc.co.uk/1/hi/business/7362194.stm
http://ca.reuters.com/article/busine...D3274320080422
The Yemen attacks and oil pipeline sabotage saw the price for crude spike a bit this week. While crude bought on the market and gasoline bought at the store are about 3-4 weeks apart, oil companies buy much of their oil on the futures market so it is sometimes impossible to tell just exactly how much they paid for the barrel of oil that is now filling your car.
It seems when prices go up, they rush to raise the retail price, but when they fall, they let the 3-4 week gap expire before they drop their prices.
There is also the overall dollar's weakness (as oil is still traded internationally in dollars with the exception of Iran I think). If we see it switch to the Euro or some other currency, yikes.... Russia suggested this about a year ago and a top team of Treasury officials got on a plane that night and flew to Moscow to make sure that didn't happen.
I'm buying a mini if we switch to Euro-priced oil...
Another good article here
http://news.bbc.co.uk/1/hi/business/7362194.stm

#11

http://driving.timesonline.co.uk/tol...cle3552994.ece

#12

Let's not forget the Corrupt Tw*ts who also run this country whilst having stock in Oil Companies.:curse:
The Bush family's connection to the Oil Industry is well documented, whilst Dick Cheney was the Head of Halliburton, prior to taking the VP's office. They are responsible for supplying almost everything to the US Military in Iraq & Afghanistan. He will probably go back into that role once he leaves office.:curse:
The more oil prices go up, the more $$$$ they get in their pockets.:curse:
Jim.
The Bush family's connection to the Oil Industry is well documented, whilst Dick Cheney was the Head of Halliburton, prior to taking the VP's office. They are responsible for supplying almost everything to the US Military in Iraq & Afghanistan. He will probably go back into that role once he leaves office.:curse:
The more oil prices go up, the more $$$$ they get in their pockets.:curse:
Jim.

#14

well i have been here a year now and dont think i am being spoiled paying $3.50 a gallon and paid $1 less when i got here. I think the European gas prices are just insane and played a part in my decision to move here

#15
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