Why are Gas Prices so High?

Comments on article "Why are Gas Prices so High?"
Name Views and CommentsDate
gary c. brown if you want to see oil prices fall like a rock pass the patriots energy bill 2/7/2012
tm being middle class we are being ripped off by oil companys and government.there going to bankrupt the rest of us . 2/7/2012
Terry Don't make any sense that gas is so high. Someone got greedy wanted more money that's what I believe. As many companies, vehicles, trucks, trains airplanes, and all other things using oil they would still make good money if gas was a penny a gallon. By the way that corn whiskey there making for gas now makes me sick smelling it 12/8/2011
Terry Don't make any sense that gas is so high. Someone got greedy wanted more money that's what I believe. As many companies, vehicles, trucks, trains airplanes, and all other things using oil they would still make good money if gas was a penny a gallon 12/8/2011
audrey p some one needs to but a stop to the high price of gas are we will not be able to go to work ,this is for the birds. no jobs we will not have to buy gas it will hurt the gas co. 4/30/2011
Steve Va.Beach Answers are only what makes gas high not why they are high with consumption supply and demand down.Damn the investors for holding the working class and unemployed hostage! 4/26/2011
GEORGE i belive the gas prices is only about how much money the oil comany can steal from the the lowest paid worker in the U.S. THE REAST IS NOTHING BUT A PACK OF LIES 4/25/2011
Royal I think the author of that article is regurgitating what the oil companies and administration has spouted for the last few administrations. The oil and gas prices are manipulated by a few at the top of the food chain for greater profits. There is no shortage of oil, just a shortage of enough money for their pockets. UH OH, the emperor has no clothes! 4/25/2011
bill there are other types and sources that can be used for fuel or is it a NO-NO to mention that. 4/23/2011
open eyes I think the rise in gas prices is the goverments hidden ways of helping auto makers sell their hybrid vehicles that the american citizens dont care for, Im sure they have thousands in stock they cant sell. 4/18/2011
georgia long stop building so many cars. everywhere you look there's a car lot and more new cars come out each year, why not sell the ones already getting old on the lot? 4/12/2011
anna no reason why the gas prices are going so high. this is crock. next you will read how the CEOs of oil companies are making millions. so why don't they get a cut. we are paying their wages threw the high gas cost. plus again wall street has a lot to do this this. so stop lieing to the people. why isn't our gas available to the people 4/12/2011
WS If this is all true ,which I think it is a bunch of Bull, and the oil companies are indeed spending large amount of extra money to bring oil to the USA, then how can companies like Conoco Philips give every employee a 12.7 percent bonus? 4/12/2011
ashley if oil prices are 100 dollars wuoldent the gas price be at least $3.75 3/24/2011
AlexS Nope, sorry, it's speculation. None of these factors would explain a more than doubling of the oil price in such a short time as the 2008 bubble and then a return to pre-bubble prices right after.

Try again economist scammers.		 3/21/2011
Matt People are getting riich from it... 3/20/2011
Pilgram Why is it that the big oil companys show millions of dollars profit at the tax payers expence? Every quarter! 3/16/2011
josh padgett i wished to god everyone would ban together and boycott these basterds and everyone stop buying gas for a week and sit at home on your butt! then maybe that would change stuff around a little 3/10/2011
josh padgett i think gas prices are so high because the oil tycoons and politicans want more padding for their wallets..you cant give a more logical reason than that! 3/10/2011
krazy mike main reasons because there are so many goddamn cars..LMAO 3/6/2011
jamie gas prices are high because they trade it like stock. 3/4/2011
Rachel I think they are greedy and they just raise the prices at their convenience 3/4/2011
joe bob the prices of gas are absoultley ridicoulus they need to go down back to normal 2/28/2011
jerry j It seems you forgot some of the most important reasons for the increasing price that of speculating done right here. Many rich people get even richer by speculating on oil. this could be stopped by the President. Easy fix if he worked for the people. 2/26/2011
bob Its is going to cause gobal financial ruin you also dont here one word from any politican 2/26/2011
richard Gas is high mainly because the politicans and oil campanies are screwing over the american people because they are so dumb they will keep buying it . 2/25/2011
steve i think we are paying for bps oil disaster so they can recoup there lost buy paying out so much money for there clean up and so do many other americans demand and shortage bull crap what a dog and pony show by our government making bp put money in a trust for the clean up knowing when everything blows over raise the gas prices and get your money back 2/13/2011
Diane I think we should drill in the US to keep the gas prices low and heating prices low also. Never mind the environmentalists. If they want to pay higher prices, let them, but we poor people can't afford it. 2/11/2011
hal We are being lied to in america everyday by the oil company . Its a shame that people in this country fall for it ! 1/31/2011
chuck y I feel like someone has a gun in my back when I buy fuel. 1/26/2011
jwalker should convert to hydrogen fuels 1/14/2011
tim park its all because of greed and politics 1/10/2011
cris Why we don't buy gas from Brazil they produce 2,120 millions barrels in 2010. 12/30/2010
lee gas prices are a joke to. these oil company are just making money off people and they are getting richer 12/27/2010
james some greedy politicians are behind this 12/21/2010
tom if a company wanted get rich fast they could make alcohol for cars & we could get reid of catalic converter wich cost us 5 to 7 miles a gallon in gas, they are playing for fools! 12/18/2010
tom south countrys run on alcohol for less than 85 cents a gallon why can't we 12/18/2010
matt america better wake up. if we let these prices keep rising the economy will crash again, its not "rock science" when the gas goes up, people stop going, people stop buying, people start looseing their jobs and then their homes because no one wants to go spend their money in the stores, restuarants, shopping malls etc. is this what the american people deserve right now at christmas time or are we just reimburseing BP for their screw up in the gulf. "NO excuses, THANKS ALOT U.S. GOVERMENT" When will you start helping the american citizens! 12/8/2010
Fed up It sickens me how oil companies can bilk the american people, and our government just lets them, there is no shortage, nor higher demand. They just use that as an excuse to pad their own pockets. If they want the economy to dive again. All they need to do is keep letting gas prices go up. The holidays are coming people are without jobs, and can barely afford to pay their bills in this economy, no less pay higher prices for gas then need be. How will they afford to spend for Christmas on top of it. Big business doesnt care about the little people. Something needs to be done about this once and for all. Gas prices shouldnt be any higher then 1.50...but greed rules. Its a real shame. 11/17/2010
todd with the economy the way it is in the united states,how are people suppose to continue to get ripped off with the high gas prices,guess if ya own a oil well all is good.give the american people a break,its bad enough there isnt any jobs out there. 11/8/2010
B. Crowell Need to let oil companies drill in alaska... 11/8/2010
Chris Williams i still dont know why gas prices are so high. 10/21/2010
turner why are gas price so hight now no report on newa abouth oil barrel going up 10/19/2010
larry f the big oilcompanies dont want job growth.they raise prices where people cant afford to look for work! big bother needs to set a price for gas. 9/12/2010
Tania Redondo what are some alternatives for the gas prices? 6/9/2010
Johny Wanne why not use hho dry cell to save you money & emission less & keep our planet green 4/29/2010
silvermist i think that the gas prices are CRAZY! 1/19/2010
grumpy dat iz messed up bout da oil and gas prices and stuff 1/19/2010
salena i wonder why gas can't stay the same for a long period? 10/21/2009
Bim38 The Bush administration was blamed for the high prices when he was President so now whats going to be the excuse ? Obama spent more money in the first 100 days in office than any President. 5/9/2009
Bim38 The price of gas has increased dramatically this week here Western Pennsylvania. The average gas price for a gallon of regular gas was $2.09 on Monday May 1st. It went up $.08 Tuesday.Then by Friday it was $2.29 a gallon ! This is insane. What could have caused it to jump 20 cents in lest than 5 days ? Are we supposed to just sit back and let this happen ? We should ban together Nationally on the internet and hold a GAS OUT for weekend. They did it and the prices started to drop dramatically. 5/9/2009
jj thompsonsin High gas prices are messing up my income! =[ 3/27/2009
lesrick why everytime people go to get gas it gos up and up soon people will not be abl to get food 3/13/2009
MONIQUE TINKER BELL I AGREE GIRL I MEAN IF YOU R 1 2/12/2009
nikki where dose this take place most 2/12/2009
keith LOL I meant economic crisis and not prices. However, that is the true reason why gas prices dropped. And you can check this out on how the oil stock is doing. It will go up again when consumer confidence grows, however it will never be as high as it was. Bottom line they need to take it off the stock market 12/5/2008
keith I agree with the supply and demand theory. Howevers, due to de-regulation oil got to become a commodity, and hence sold on the stock market. Rich people in the oil industry were allowed to buy large shares of the stock in the oil industry and elect to not sell. This produces what is called an artificial demand on oil. Hence, Now that Obama is president (bearing in mind and not like Bush that makes money off of high gas prices) he will find alternate sources of energy, coupled with the economic prices, investors pulled thier money out of oil stock. This is what caused the gas prices to fall. Let's face it, demand on gas has never changed. I buy the same amount of gas to drive to work and to where I want to go since when gas was 88 cents. The only difference is that stock holders sold thier stocks in gas. In other word imagine a pie chart. Stock holders buy 75% of the gas that is produced and elect to not sell. Since only 25% of the gas available can be sold, the price of gas can be inflated (artificial demand). Now that investors are pulling out of gas, maybe only 30% of gas is in the stocks, which means oil companies have 70%, of gas that needs to be sold. Law of supply and demand kicked in and now gas prices dropped. Don't be fooled, the Bush administration knows what was going on, they are the main people behind de-regulation 12/5/2008
hallie in chattanooga gas is 2.29 so come on b4 its gone 10/23/2008
shaquita that gas prices should go down 10/21/2008
chris brown i know man now it wants to drop. love ya 10/14/2008
LAdY' fR3$h Personally i think the economic is very high. Its sad to see we do not have gas. i have to drive all around town for gas. My county ranned out of gas, so i have trouuble looking for some. hopefully after election we have the RIGHT president, and CHANGE this. He can't changed everything at once but i know i will see some improvements. 10/8/2008
J Oil is back down to $90 but gas still cost the same as it did when oil was $125.. why?! 10/6/2008
barica I think this is really good 10/5/2008
barica thanks for letting me past my test on gas prices 10/5/2008
nick That is a stupid reason. We shoulnt pay so much to put gas and our car. 9/30/2008
melanie im a cutie cutie cutie cutie 9/28/2008
AJ i think we should all be millionairs and have infinite gas 9/26/2008
Aissata Diallo I hate the fact that gas prices are high.I hope it goes down.Someone need to do something about this. 9/17/2008
Aissata Thank you for giveing me research for my project and it really helped me. You also helped my friend Barica Harden-Askew. 9/10/2008
Aissata Well I hope gas prices go down and i will pray. Gas prices affect my mom and dad paychecks. 9/8/2008
barica well i hope gas prices dont go up no more. 9/8/2008
Joey thank you for this information because i needed to use this information for h.w thank you 9/4/2008
$$$ Another main reason gas has become so expensive is because of the rapid devaluation of the US dollar. If you look at the fed. reserve's statistics, gas prices have exponentially increased along with the exponential devaluation of the US dollar. Gas prices haven't become that much more expensive, but rather the value of America's money has deterioated. One American dollar today is only worth $0.61 cents of what it was in 1997. Thanks to the Federal Reserve drastically lowering interest rates and printing off money from thin air, inflation has driven up gas prices. Just like the stagflation Germany experienced in the 1920's, when it costs over a million of their dollars for a loaf of bread! America is beginning to experience a similar, although not as extreme, of a situation as Germany once did. 8/25/2008
gastips Pretty good information here www gas-tips net 7/25/2008
navin bhatkar i do not know much about gas crises but recently i found one very useful device called WONDER BLUE ELECTRONIC Gas saver for household perpose which save cooking gas by 50% erliar my gas cylender was lasting for 30days &now it last for 45 days... and happy about it.,,,,,, u call me and get information about it,, my num-9987538829 7/9/2008
Sean Americans are to blame for high gas prices. Exxon paid $30 billion dollars in taxes for 2007 and recently became Fortune 500’s 2nd most profitable business behind Wal-Mart. And Exxon has no one else to thank but the greedy American.
High gas prices have nothing to do with Exxon, Mobil or any other U.S. oil company. High gas prices are due to the high oil prices established by commodity traders who trade based on supply and demand. This is where basic economics comes into play; if demand becomes greater than supply than prices increase; and if supply becomes greater than demand prices decrease. Americans are the largest consumer of oil. Our undeniable need for the biggest houses and the biggest cars is one of the main contributors towards higher gas prices. Our need for oil increased so much that supply couldn’t keep up with our greed.
So for you Americans paying over $100.00 to fill up your Escalade and thousands of dollars per year to heat your 3,000 sq ft home or pool, don’t blame anyone else for the high gas prices but yourselves.		 6/25/2008
amanda put the gas price lower plaes my kids 6/12/2008
ed smith lol , this is funny as heck, oil prices are only 2x high per barrel as it was 10 tears ago and yet it cost 4x more at the pumps... ya cant tell me oil is gettin harder to find either, i worked in the oil patch for 15 years. only 1 of ten producing wells drilled were even opened. the rest were capped off for later use. Most wells have a ten year life span 6/11/2008
aaa the FACT is we tired of taking the hit The oil companys will never take a hit or loose think about it if we move to other type of fuels thay have the money and the power to into that and take it over DO YOU OWN A MILLION+ dollar yahct or do you say well we need to scall back on Vacation because fuel is up 6/11/2008
TWalsh But what about oil company profits? how does their greed (perceived or real) factor into this? 6/10/2008
Wayne gas is far to high! the current price of gas is $4.30 a gallon and thats just for unleaded gasoline and in a few weeks its going to be 5 dollars 6/5/2008
Lisa My commit is that gas anymore is just way to high to even get out and drive you can bearly afford groceries to because as well as gas the prices are going up on mostly everything... For $4.00 a gallon for regular Gas and $5.00 a gallon almost for Diesel fuel it's just so outrageous how much people are spending on all of this gas I know I da the same but It shouldn't have to be like this...
Thanks,
High School Student named Lisa		 5/30/2008
Emmanuel Otero Why doesn't the government find a way to clean all the dirty oil that automotive technicians change? Wouldn't finding a way to recycle oil help reserve oil and be healthier for the environment. Can't scientist use their resources for cleaning oil instead of trying to get more and raise up the oil and gas prices. 5/29/2008
sena lal can i get more information please. 5/29/2008
honollu we think that it is too high because now my family is poor 5/27/2008
Frank I dont believe all that ,Because ever since this president Bush took office and started this war in Iraq we have had nothing but gas hikes for reasons such as our our oil refineries are down and need repairs,our oil reserves in the USA are low and we need to top them off,So lets raise the gas prices to a record high. Come on ,Why is it that before this President the gas prices where stable and true for years? Yes its understandable that prices of crude oil rises just as any other consumer item rises.Heres one for you.Why is that gas prices go sky high on memorial day when people are traveling to see loved ones and visit grave sites? Because people will pay those prices no matter the cost!and thats where we are caught in the snare of the system! either you pay to play or sit out of the game! My field of work encludes traveling to job sites up to 60 miles from my home each day which cost me now at $100.00 per week! I feel for the minimum wage people! 5/23/2008
bryce im sorry but we need low gas prices we have to travel like 4 or5
states to missouri and we dont have that much money because of
what happend to my sisster
thank you.		 5/20/2008
Ron Paul LOOK EVERYONE! I used to be just like you! I did not know what was going on in the world and couldn't care less about politics. I saw some information that I had a hard time believing and I tried my hardest to debunk it. If you really want to know what is going on then please listen to me. I am not trying to sell anything at all. This is not a trick. This is like taking the "Red Pill" from The Matrix. Please follow my directions and you will finally understand that our dollar isn't worth anything to the foreign oil companies. Our dollar is worth less and less. The price of oil per barrel has not gone up in price, our dollar has gone down in value. Look at the price of gold! When gold goes up our dollar goes down.
Go to "Youtube" and type in CFR/NAU. Watch that video then google "Endgame" and watch that video. Next "Loosechange911", and then "Zeitgeist". Once you have watched these you will feel like you got a 10 year education on our world. Lastly look up on "Youtube" IT's A BIG IDEA! The Ron Paul rEVOLution IS UPON US! JULY 12. Google TERRORSTORM if you have time also. Peace to all, we have to stick together to get through this one.		 5/20/2008
BenDCrossed Demand $2 a Gallon Gas

Oil was $127 a barrel recently.

Germany fought WWII with synthetic fuel from coal. America, with 1/3rd of Earth’s coal, can be independent of foreign oil for an estimated $55 a barrel, including the infrastructure and labor force necessary to operate plants. It is proven technology.

Synfuels are cleaner burning than gasoline and carbon sequestration can remove CO2.

Furthermore, reducing our trade imbalance keeps jobs in America. Every billion of trade deficit costs 13,000 jobs. $400 billion for oil last year: do the math.

And we stop sending billions to countries that sponsor terrorism.

Harness your anger at the pump. Call you're US Senators and demand they break ground on America's energy independence by encouraging an American synthetic fuel industry in this decade. If you don’t raise your voice the oil companies and politicians will assume you are ready to pay even more.		 5/18/2008
Kimberly i think we should start using the oil that we have in the untied states and make other countries start paying us for the oil that they are using. i believe that will lower the gas prices for us. 5/16/2008
to bob people have to travel on airplanes for business duh you cant just get everybody to stop flying if we did that it would effect us in a different way maybe even worse then high gas prices 5/16/2008
K's advisor well maby if you didnt drive 2 v8 trucks you wouldn't be spending all that money there is a bright idea, god how stupid can people be... 5/16/2008
Hector What I think is this: I went to Padre Island, Texas last week. I have been going since I was a child. At that time, you really didn't see to many offshore oil rigs. As the times moved on, offshore rigs started popping up; later on they started to literally grow like weeds. When I went to the coast last week (Padre Island), I noticed that the rigs were all gone. I think that the Katrina and Rita Hurricane theory maybe a little true. But, I still think that the government (small case for a reason) is in on it some how. Think about how much the government is making off the gas tax everyday. Think about it. 5/15/2008
Amoumous I strongly agree on the facts that suport this theroy=] 5/8/2008
carly i think gas prices should be lower then what they are 5/5/2008
s I'm not sure who is considered when you say "largely dismissed." Scientists from universities, such as the California Institute of Technology, have written about the peak oil problem. Why is this idea contentious. It is well established where oil comes from and how is is created, and we all know that it is not a substance (unlike wood) that renews itself in a relatively short period of time. Is the theory contentious because we believe there are large pools of oil left in the world that we have not found and used? There is not much evidence that such sources exist. And even if peak oil is not the direct cause of high oil prices today, people have to realize that there will come a time, possibly very soon, when we do run out of oil. 5/2/2008
Penguin I think everyone that says gas prices are higher due to demand are full of crap. Its the oil companies lining their pockets. If you look at a report of the top ten companies, 3 of the top 5 are gas companies. 4/29/2008
Danelle McGee Why are Exxon and other big oil companies making huge amount of profits each month? 4/29/2008
tinker bell The only way for gas prices to go down is if everyone stops buying it.
our dollar is weak. No body has seen anything yet. people cant even afford to buy food because of the price for gas. It makes me sick. But lets go to Iraq to help those people out before our own??????? O lets not forget bush owns oil. So hes makeing a pretty penny. Another thing why cant we use our reserves in Alaska? I guess they rather see our people go without food or homes. Good O bush. HE IS A ASS. But hes not the only stupid one. O theres so many!!		 4/29/2008
kerry Then why are the oil companies have a profit of $123 Billion if access is harder to reach. It's all greed. 4/28/2008
dnt wrry bot it I think that the raise is gas prices are from price inflation 4/28/2008
k we should just stop using our cars and start walking 4/26/2008
k i cant believe they r so high i have 2 v8 trucks and i waist almost $200 each per week 4/26/2008
Hayley Moor This website is really helping me out with my petition to lower gas prices!! I really want to make a diffrence!! THANKS! 4/26/2008
jamon i think this is cool 4/17/2008
Bob Most people have to get to work using their cars but you really do not have to FLY.. If everyone boycotted the airlines around the globe it would put a serious dent in fuel consumption and let the world know we are not going to put up the the gouging.. 4/10/2008
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