The price of gas is based exactly on what we are willing to pay. Simple as that.
When the story ran about four weeks ago about low gas prices in Utah I bought
gas for $2.56. The cheapest I can find it now is $3.11. The main reason it went
up was because of the story saying we had the lowest prices in the nation. Do us
a favor, stop running stories about gas prices.
According to a comment on PBS, the increase may be due to speculators
"anticipating" the annual refinery maintenance and change over to summer
mixes.It would really be nice to know exactly how much of our fuel
price structure is affected by wealthy speculators speculating.
@UtahBruin"The first part of this statement is obvious is it
not. Prices go up when crude oil prices go up."Actually
it's not obvious. Since 2007, gas prices have not correlated well with oil
prices. It has much more to do with the cost of refinement and the chemicals
it's blended with. To prove it, consider this: When gas was $3.60 in 2007,
oil was $135/barrel. Today oil is 30% less but gas is the same price.
Oil being a very global commodity, has blinders on to whoever is POUSA. Prices
rose just as steadily under Obama as they did Bush.
@ not here. Is Bush's fault, haven't you been paying attention to the
Democrats for the last 12 years?
Can someone please explain to me why when the tax rate for only the top 1% goes
up by a few percentage points, republican right screams and yells, foul. but, When gas goes up 37% for everyone (rich and poor alike)
- Republican Tea Partiers roll their eyes, shrug their Atlas shruggeds, and say
"Oh well, Viva la Capitialism!"?
not here,you are clearly mistaken,EVERY increase in gas prices
is clearly Dick Cheney's fault, even though h has been out of power for
over 4 years.
I realy thought that every one on here was going to blame Obama. Just ike they
have for every thing else, but it's still early will check back just to
“The recent increases can be attributed to more expensive crude oil and,
more notably, to regional refinery issues plus the approaching switchover to
summer-blend gasoline."The first part of this statement is
obvious is it not. Prices go up when crude oil prices go up. Regional refinery
issues? Isn't this a company expense, but oil tycoons feel it is the need
to pass on this cost to consumers because they have issues. No extra cost to
them, but let's pass this on since it is our fault. And "approaching
switch over to summer-blend gasoline" There is such thing as
summer-blend??? That's funny because I get the same gas mileage no matter
what season I am driving in. Oil companies are a racket. Rich get richer and
the poorer get poorer because the rich hold everyone down. The world should
just start living off the law of consecration and things would get fixed. Of
course the rich would whine all the way to the drop off point.
I wish my company could inflate prices over 20% in just a few short weeks.Perhaps we could then be reaping in $100 Billion profits, and getting
$25 Billion a year in Federal subsidiez as well!