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1) prices are climbing in the U.S. at the moment, not because the demand for petroleum is rising (it hit its peak in 2007), but because supply has decreased.
2) OPEC could pump more crude (but why else organize as OPEC, but to control the supply?) On the homefront, the president and overreaction to the Gulf oil spill by the public has put many areas out of play for drilling. However, it does take a few years for a new drilling project to produce from the drawing board, so supply is always lagging behind development. However, if the economy were really going well, demand would start pushing us more in the direction of European petro prices.
3) Working families are very dependent on cheap energy. The commute to work becomes quite a bit more expensive, and all food and goods become more expensive (because of shipping costs increasing). The working family hardly has the cushion to absorb these price increases. Furthermore, because of the energy costs to the business that employs them, their very jobs are at risk.
Gas prices could affect the election as much as the jobs issue.
I put forth the following questions to you, dear CD-ers:
1. Why are gas prices climbing so high?
2. Who has the power and the ability to make them go down?
3. What impact will these ever increasing prices have on the average American?
Be gentle, I'm just learning!
I got excited until I realized this thread wasn't about intestinal discomfort, but about fossil fuel.
But, I digress.
The price of crude oil (which is refined into gas), is influenced by supply and demand, the stability of oil producing nations, the stability of currency, all which fuel speculation.
The price of gas in the US is influenced by the above, plus the amount of taxes imposed by the Feds and State gubmits.
The price of gas rises, the price of basically everything else rises, food, clothing, electricity, etc, which have been rising since gas went up to over $4.00 per gallon in 2007 (?), and they have never gone down.
Location: Democratic Peoples Republic of Redneckistan
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Quote:
Originally Posted by carterstamp
I got excited until I realized this thread wasn't about intestinal discomfort, but about fossil fuel.
But, I digress.
The price of crude oil (which is refined into gas), is influenced by supply and demand, the stability of oil producing nations, the stability of currency, all which fuel speculation.
The price of gas in the US is influenced by the above, plus the amount of taxes imposed by the Feds and State gubmits.
The price of gas rises, the price of basically everything else rises, food, clothing, electricity, etc, which have been rising since gas went up to over $4.00 per gallon in 2007 (?), and they have never gone down.
Me too...I thought..FINALLY,a subject I know something about
the prices are higher because the new york yankees didn't win the last world series.
eureka!!!
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Me too...I thought..FINALLY,a subject I know something about
