Now that the driving season is over, how do oil companies explain driving the price of gas even higher?

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bush-deathgrip

Now that the driving season is over, how do oil companies explain driving the price of gas even higher?

i thought after labor day it would ease up......instead it has continued to go up.........if demand decreases how do the oil companies explain explain their prices?.....or have they reached the point where they can just give us all the finger and drive prices up as high as they choose

Gef J

OPEC

Tim O

It's based on the price of oil and heating season is coming. The same happens to natural gas and a lot more drastically; as well. Think of it this way. Shouldn't a gallon of gasoline cost a lot more than a quart of bottled water?>

Harith Rahman

Some people are saying crude will reach $100/barrel in a couple months, we will definitely see that reflected in gas prices. demand is ever increasing and supply is slowing down, not a good combo for consumers. Politicians obviously don't care because hell, they make 30 times as much as we do. When people's disposable income decreases because of high gas prices, we will sink further into a recession and probably a depression. This is what we get for not planning for the future as a country.

People will pay up to $7/gal before they will look for alternatives according to many polls, so we still have a way to go.

Bishop

I read in the paper the other day that oil has gone up to a record high of 84 dollars a barrel and the oil companies were crying that they could not pass on the cost to drivers cuz the demand is down. sounds like they are going to try anyway.

wizjp

because fears of a limiting of supply due to world conditions has raised the price of a barrel to record highs. Yet we still aren't paying record prices and will hopefully see a price drop when the low emission summer fuel is replaces with the cheaper "winter"gas.

seek_out_truth

Recently, the U.S. congress declared Turkey's action against Christian Armenians nearly a century ago "Genocide". This pissed them off so much that they have threatened to invade northern Iraq to punish rebels in that area. This instability has lead to increased prices.

Edith Anne

Huh?
Driving season over?
Thanksgiving, Christmas/Kwanzaa/Hanukkah, Holiday shopping...
Oil heat...

And actually, prices around me have been steadily dropping. We're "down" to $2.86/gal here in the New England area.

Esmerelda

I think it was your last point...or the CEO needs a new yacht for the winter...

Ralph N

war-shortage-broken pipelines-
us-china india--increase use

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