Originally Posted by
sethw
I AM A NEW DRIVER AND I USUALLY DONT HAVE MORE THAN LIKE A BUCK TO USE FOR GAS EACH DAY, THATS ABOUT IT FOR SCHOOL AND BACK. I WANT TO KNOW WHY THE PRICE OF GAS GETS HIGHER AND HIGHER. WILL IT KEEP ON GOING OR ARE THEY EXPEXTING IT TO COME DOWN. I DONT WATCH NEWS ALMOST AT ALL, EXCEPT TO HEAR ABOUT HURRICANES, SO I DONT HEAR MUCH ABOUT IT. WHATA GOING ON, AND I DRIVE A GAS GUZZLER......I HATE IT :scared:
(a) too much money chasing too few goods, (b) crude is a necessity not a luxery, (c) politcal uncertainty in region of production leading speculators to have gone "long" on future contracts pushing "at the pump " prices up b/c hedge costs have gone up, etc, etc, etc, etc, etc..........oil supply is dictated by a cartel, basically setting prices, subject to demand. I view it the way I view people on here talking about 1 $40 blue zoo polyp.....if you don't have a demand there wouln't be a supply.