How & Why has the price of gas gone up?
 

We have all seen the price of gasoline increase from about $1.59 to near $2.00/gallon while the price of oil has remained around $40/barrell. Can anyone explain this?

One thing I would like to see the Obama administration do is keep a very close eye on the oil industry to ensure they don't try to increase their profits by increasing the price of gas. The American people just can't afford this right now.

Re: How & Why has the price of gas gone up?
 

Maybe they should limits profits at your company also, I can't afford it now. I don't care if you don't get a raise....;)

Re: How & Why has the price of gas gone up?
 

Prices are climbing because the big $4/ gallon scare last August subsided faster than it came. Now people are using more fuel because it's cheaper (they think) and aren't as concerned about fuel efficiency because they're stupid. All that matters is what's happening right this second for most Americans. They think that gas will always be $2/ gallon just like they though it would always be $4/ gallon last August. National ADD.

Re: How & Why has the price of gas gone up?
 

That's a great point wista. Although with all the people out of work and it being winter and all, you'd think demand would be down. Do you know for a fact that demand has increased?

Peak demand in the US is typically during summer months.

Re: How & Why has the price of gas gone up?
 

Oil & gas are different than any other product, so you can't compare my company with the oil industry. Everyone has no choice but to use oil products while anyone can refuse to buy my company's product if the price is too high.

Re: How & Why has the price of gas gone up?
 

NIMBY(not in my backyard) , the other guy is always different....

Re: How & Why has the price of gas gone up?
 

No, I can't prove it. Just going on anectdotal evidence and my knowledge of Societal ADD, which cannot be disputed.

Re: How & Why has the price of gas gone up?
 

Ding ding! It's a huge concern at 4, but with price as low as 1.50 (a few months ago here in NH), the problem is quickly forgotten. "Hmm I wonder why gas prices dropped fast and the....... heyyyyyy American Idol is on! That Simon is a pisser."

Stupid is the operative word.

Re: How & Why has the price of gas gone up?
 

Yeah,
It goes from 1.50 to 1.90 and no one bats an eyelash. As long as it stays under 2.

I don't know for sure if people are using more gasoline, but they are using more heating oil because of the cold. I don't know enough about the market pressures and relationships between crude, gasoline, #2 heating, etc. Maybe someone else hers can lay it out.

Re: How & Why has the price of gas gone up?
 

I'd bet it's increased, but not that much. I'd be willing to call shenanigans on the gas/oil companies. I certainly don't think that the barrel of oil prices fell that much just because of demand. I think the economic problems and the spotlight being on some of those greedy pricks helped motivate them to decrease their prices. I'm not a class warfare guy and a supporter of capitalism, but I do not think that the oil companies operate within the parameters of fair competition. But oil isn't rising, just gas is. So I'm not 100% sure what the problem is.