who's fault for the high gas prices?

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who's fault for the high gas prices?

married with children married with children
Why do I have to spend $80 to fill up my family car? It only cost me $30 when I first got it. Prices have gone up about 200%. Who do we blame? Are the oil companies making too much profit on a gal of gas? Does the government charge too much in taxes per gallon? Any thoughts on this?
05/01/2011
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Kindred Kindred
It might have something to do with the fact that oil companies such as Exxon posted a 69% profit recently. That equates to $10.65 billion. Just my guess though.
05/01/2011
married with children married with children
I just went through the quarterly reports, and it looks like exxon and the rest of the oil companies only make $.07/gal.
05/01/2011
Chilipepper Chilipepper
Oil speculators. "oh noes!!!111 Teh mid est iz riottign!!!11 Quik mak ppl beleve it effect ther gass!!1111oneone"
05/01/2011
married with children married with children
I dont know. the more I read about it, the more I think that our government is to blame for most of it. The avg. tax on a gallon of gas is about $.48 a gallon. That is 7 times what the oil companies get. The fed also will not let them drill for more oil on american land. So there is less oil in the market, and more demand for the oil.
05/02/2011
That Guy That Guy
It's got a lot to do with anti-trust laws, but I really find the consumer response funny. People keep doing these gas boycott days, but we can't just stop using gas, so the next day or the day after, the companies just make all the money back. They're laughing all the way to the bank. So instead, I think we should do this:

Pick the company that posts the highest profit. Set a price they have to come down to before anyone will buy any gas from them again.

Flood the internet with this plan. Stick to the plan.

When and if it works, pick another company and set a lower price. Rinse and repeat.
05/02/2011
K101 K101
Not sure, maybe blame all? I hate it though. I did hear that the gas stations are making huge profit and it's mostly all profit with them being jacked up this high. I think it's ridiculous! Also, they'll jack em' up real high around the holidays because they know people have to travel and people will be going to see family. It's pathetic that they'll charge so high and make such huge profits while watching people struggle just for their profits. I understand making a good amount, but it's outrageous now!

Here in my area, we just had 3 tornadoes hit and today is the first day in 5 days we've had power. The gas stations had to close and most were destroyed, but there were a couple who opened up during this disaster because they're making a damn killing off of us right now because we're all needing gas for cars and generators! We have disaster relief trucks all over and they had to travel. Our gas stations have made a HUGE killing this week while many don't even have a home. We had people out of state bringing generators for our area too and the gas stations have had lines backed up to the middle of the road all week!

It makes me sick!
05/02/2011
Taylor Taylor
I think a lot of it is taxes. I live really close to the state border and I know that gas in one state is about 10 cents a gallon cheaper than in the other even though the stations are just a mile apart or so.

Also gas in the US isn't as expensive as it is in many other countries, so just remember that the prices could be a lot higher than they are.
05/02/2011
El-Jaro El-Jaro
I think the American people and Big Business are both to blame. We got hooked on oil, big business pushed it on us, and they're the ones keeping alternative energy from being fully recognized as a viable energy source (through lobbyists). In the end, we got used to it and then depend on it. Our weakness is well known and documented by the people who stand to make the most money on this.

Personally, I can't wait until it's all gone or alternative energy sources are the sole source of energy.
05/02/2011
wetone123 wetone123
Quote:
Originally posted by El-Jaro
I think the American people and Big Business are both to blame. We got hooked on oil, big business pushed it on us, and they're the ones keeping alternative energy from being fully recognized as a viable energy source (through lobbyists). In the ...
This
05/17/2011
wetone123 wetone123
Quote:
Originally posted by Chilipepper
Oil speculators. "oh noes!!!111 Teh mid est iz riottign!!!11 Quik mak ppl beleve it effect ther gass!!1111oneone"
And this!
05/17/2011
Total posts: 11
Unique posters: 8