Why are Gas prices So High In America...

prices are going down in my area so were almost back at $3 a gallon

The oil price in the Kingdom of Saudi Arabia isn't low because they pump the oil from the ground right into their gas stations, nor is it because the Kingdom has setup a monopoly.

There is an organization known as Opec (Organization of the Petroleum Countries). Opec sets the price for oil for the world market. It also makes sure that oil distribution and pricing is kept fair around the world.

Saudi Arabia recieves the same price of oil that the rest of the world gets. The reason its so low, however, is because the government pays off more that 75% of the gas price. So whenever a person fills up gas in Saudi Arabia, he might be paying $2, but the government is paying the rest. Its not because the KSA is greedy or anything, its just because they know how to take care of thier people.

3.19 (OMGOMGOMG)

nice and cheap *^.^*

So now we know it takes the collaspe of the economy to lower prices. ^.^

.50 in Saudi. Damn those oil hogs!

gas prices 1.05 wooooo

quote:

Originally posted by pinkyluvsu:
slash you are wrong! Sorry but you are! Gas prices are going to reach $5.60 then they will stop unless hilary takes president she is going to raise them but if obama takes resident he will take it to $5.60!



Love is like a river keep it flowing, if it gets backed up things will happen!

5.60?!?!..
i hate this..solar power, hydro power people!!!
...bikes!!...ahhh!!!!

Clinton ended her campaign nearly two weeks ago; there is no "unless hilary takes president".

slash you are wrong! Sorry but you are! Gas prices are going to reach $5.60 then they will stop unless hilary takes president she is going to raise them but if obama takes resident he will take it to $5.60!



Love is like a river keep it flowing, if it gets backed up things will happen!

quote:

Do you have a source on that?

If your mom could find us an article, Slash, that would be much appreciated.

the news and my mom realy spends more time one the internet than me

quote:

horse i talked to my mom about the saudi arabia bit and she said there "going to start producing 2,000 more barrels of crude a day in an attempt to "flood" the market thus lowering gas prices" there you have the possible lower gass prices and my mom said they were gunna start it i think next month

Do you have a source on that? Unless your mother is a high up in the Saudi government...I need a bit more proof than that.

horse i talked to my mom about the saudi arabia bit and she said there "going to start producing 2,000 more barrels of crude a day in an attempt to "flood" the market thus lowering gas prices" there you have the possible lower gass prices and my mom said they were gunna start it i think next month

quote:

if gas prices were lowered then the entertainment industry wouldnt suffer as much due to americans having more money to spend on entertainment and i passed a gas station that closed when gas was $1.89 a gallon for reg unleaded wow that was a long time ago

Wow, $1.89 a gallon... I don't even know if I remember when that last happened.

As far as the entertainment industry, honestly, they're nearing the bottom of my list of industry's that I care about as far as their welfare. People will always need entertainment (witness Monopoly during the Great Depression), I don't think we need to worry about them all that much.

quote:

Originally posted by de0omnibus0dubitandum:
i think the gas is up so much right now because we're kind of in the middle of a transition. everybody's talking about going green, and are trying to do it but at the same time we're still depending on foreign oil & our president is a bumbling idiot so that doesn't help anything either
& we've gotten greedy. more suvs. and the hybrid cars that hare out there are so expensive that only celebrities can really afford them.

the hybrid cars are only effective if you live in the cities due to the fact that on the highway they cruise on gas but in the city they stop and go so it switches back and forth from gas to drive and battery to idle so if an ad for a hybrid says 70mpg thats cith there highway is probably about 25-30 (anything higher if your lucky or insanely rich) i know this because i tried to get my mom to buy a hybrid suv but we didnt live in the city so we didnt gt it

quote:

Originally posted by Horselover14:

quote:

supposedly soudi arabia is going to be giving us as much free crude as we want or something like that in effort to reduce the cost of oil so that they can sell the oil barrels that have been piling up

Really? I'll have to look that up.

Personally, I'd rather they kept the price high, but I suppose they're worried about the economic and political backlash of so many Americans blaming them for gas prices. But then again, I'm not entirely sure that a lot of Americans know where our gas is coming from...

if gas prices were lowered then the entertainment industry wouldnt suffer as much due to americans having more money to spend on entertainment and i passed a gas station that closed when gas was $1.89 a gallon for reg unleaded wow that was a long time ago

quote:

supposedly soudi arabia is going to be giving us as much free crude as we want or something like that in effort to reduce the cost of oil so that they can sell the oil barrels that have been piling up

Really? I'll have to look that up.

Personally, I'd rather they kept the price high, but I suppose they're worried about the economic and political backlash of so many Americans blaming them for gas prices. But then again, I'm not entirely sure that a lot of Americans know where our gas is coming from...

quote:

Originally posted by dinero_2:
Why are Gas prices So High In America...

has to do with price gouging

quote:

Originally posted by Horselover14:
Why are they so high in America? Europe has been lauging at us for years for complaining about gas prices. It's about time our prices caught up with theirs. Now maybe people will stop with the gashog SUVs.

Speaking as an Alaskan, drilling in ANWR is not only not going to solve our gas problems, but it's going to do damage as well.

supposedly soudi arabia is going to be giving us as much free crude as we want or something like that in effort to reduce the cost of oil so that they can sell the oil barrels that have been piling up

Why are they so high in America? Europe has been lauging at us for years for complaining about gas prices. It's about time our prices caught up with theirs. Now maybe people will stop with the gashog SUVs.

Speaking as an Alaskan, drilling in ANWR is not only not going to solve our gas problems, but it's going to do damage as well.

Actually, I watched a long segment on CNN about investigations the government is six months into about possible price gouging.

Gas prices are obviously going to increase as the supply decreases and the demand stays the same.

But you see, there's all of this buzz about everything going green. There are these hybrid cars (that aren't as expensive as you think), everything trying to shave off little by little the dependency on the fossil fuel. And yet in spite of all of this, oil companies are STILL breaking record profits.

Something is clearly wrong.

And as far as drilling at ANWR...
That's not going to change the fact that we need to rely on alternative resources.
That's just going to buy us six more months of "Oh, who cares about going green?"

I'm not exactly sure what you're saying. Congress won't let anyone drill at ANWR? Or Congress wants to let people drill at ANWR?

At any rate, considering that they voted for opening up drilling operations as far back as March 2005, I don't think Congress as a whole is against the idea. However, I believe both of Washington's senators voted against it (I know for sure that Sen. Maria Cantwell led the opposition).

At any rate, I agree with the reasoning she made three years ago:

quote:

"Nothing in here guarantees we will lower gasoline prices or guarantee that the oil will stay in the United States," she said.

Later, Cantwell said: "We can't drill our way to energy independence in the Arctic. ... Most Americans agree that drilling in a wildlife refuge -- to secure a six-month supply of oil a decade from now -- just isn't worth it."
source

As I said earlier, drilling in ANWR will not make us independent of OPEC indefinitely.