Wednesday, April 28, 2010

Today Oil is @ $35 a barrel. In summer, oil was $45+ a barrel, WHY DOES A GALLON OF GAS COST MORE TODAY?

Im confused.. Here in Los Angeles, we're @ 2.25 for a gallon of gas. Yet, in summer, we were @ 1.80 a gallon. Oil and gas are both trading LOWER today than a few months ago.. what am I missing here???Today Oil is @ $35 a barrel. In summer, oil was $45+ a barrel, WHY DOES A GALLON OF GAS COST MORE TODAY?
because they are price gouging jerks all the sudden we don't have enough gas then we have a hugh reserve and know they have cut production because we have to much surplus and we are using less fuel than before so they jack up the price for no reason. but what they don't seem to understand is that if they want to stimulate the economy drop gas down to a dollar a gallon where it should be and people would have more money to spend on non necessary items.Today Oil is @ $35 a barrel. In summer, oil was $45+ a barrel, WHY DOES A GALLON OF GAS COST MORE TODAY?
The refineries are cutting there production back which raises the price. Even though oil is relatively cheap and there is a surplus building up, when the refineries are not producing, it will cause the price to go up.





The refineries do this because they get a cut of the gas prices. It makes no sense to produce something if your not going to make a little from doing it.
http://tonto.eia.doe.gov/oog/info/twip/t鈥?/a> Read this article maybe it might help you understand better. Bottom line is oil companies along with some producers are greedy.

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