Why Are Gas Prices So High Right Now?

Aug 6, 2012 | Posted by: roboblogger | Full story: WKRC-TV Cincinnati

In the past several days we've seen gas prices shoot up from $3.59 to $3.89 at most gas stations in the Tri-State. The 30 cent a gallon jump has angered many motorists and, as Local 12 Troubleshooter Howard Ain says, we're not alone.

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Gary

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#1
Aug 21, 2012
 
We are in deep trouble if the most powerful nation on earth is on the verge of gas and oil supply shortages because of a couple of refineries are down. Are you kidding me ??????
duh

Owensboro, KY

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#2
Aug 21, 2012
 

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Oil companies are major republican donors and we have a major presidential election.
CumOn

Owensboro, KY

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#3
Aug 21, 2012
 

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O-Bama and the EPA!
readallaboutit

Owensboro, KY

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#4
Aug 21, 2012
 
Gary wrote:
We are in deep trouble if the most powerful nation on earth is on the verge of gas and oil supply shortages because of a couple of refineries are down. Are you kidding me ??????
http://mobile.bloomberg.com/news/2011-02-24/o...
republicansrpupp ets

Owensboro, KY

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#5
Aug 21, 2012
 
amen

Owensboro, KY

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#6
Aug 21, 2012
 
duh wrote:
Oil companies are major republican donors and we have a major presidential election.
Amen
coolkid

Owensboro, KY

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#7
Aug 21, 2012
 

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Gary wrote:
We are in deep trouble if the most powerful nation on earth is on the verge of gas and oil supply shortages because of a couple of refineries are down. Are you kidding me ??????
Watch the news

Because an Illinois pipeline broke
& a rig out in pacific caught on fire.

This isn't rocket science

Since: Apr 12

Owensboro, KY

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#8
Aug 21, 2012
 
coolkid wrote:
<quoted text>Watch the news

Because an Illinois pipeline broke
& a rig out in pacific caught on fire.

This isn't rocket science
it's a government conspiracy
Not even close

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#9
Aug 22, 2012
 

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Ive seen first hand why gas is so high. And none of your amateur opinions are close. Its not a political party thing or a conspiracy. The answer is right in front of your faces.
Titanfan

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#10
Aug 22, 2012
 
Econ?
Not even close

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#12
Aug 22, 2012
 

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Right now BP Amoco has 15000 contractors in whiting indiana right now. Most are just standing there. They also have 2800 employees basically doing the same. $12 million a day in payroll alone. One facility. 30 cranes on site. 2 of the rigs cost $25,000 a day to rent (running or not). That facility has piss poor time and money management. That is just one facility. And by far not even close to the biggest. They waste this money because we as a society are going to pay it. The only thing we are going to do is bitch about. The oil company owns the world because we allow it to happen. Not the government, not obama or romney, not king saudi arabia. We, the American people, allow it to happen.
agree

Owensboro, KY

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#13
Aug 22, 2012
 

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Not even close wrote:
Right now BP Amoco has 15000 contractors in whiting indiana right now. Most are just standing there. They also have 2800 employees basically doing the same.$12 million a day in payroll alone. One facility. 30 cranes on site. 2 of the rigs cost $25,000 a day to rent (running or not). That facility has piss poor time and money management. That is just one facility. And by far not even close to the biggest. They waste this money because we as a society are going to pay it. The only thing we are going to do is bitch about. The oil company owns the world because we allow it to happen. Not the government, not obama or romney, not king saudi arabia. We, the American people, allow it to happen.
But the oil companies are in the GOP pockets.
truth

Owensboro, KY

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#14
Aug 22, 2012
 

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If people stopped buying gas guzzlers, car pooled, and conserved gas, I bet the price would drop. It would take the entire country to be more conservative with gas to get the message to the oil companies. The high price of gas and greedy oil companies is what has ruined this country.
coolkid

Owensboro, KY

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#15
Aug 22, 2012
 

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Not even close wrote:
Right now BP Amoco has 15000 contractors in whiting indiana right now. Most are just standing there. They also have 2800 employees basically doing the same.$12 million a day in payroll alone. One facility. 30 cranes on site. 2 of the rigs cost $25,000 a day to rent (running or not). That facility has piss poor time and money management. That is just one facility. And by far not even close to the biggest. They waste this money because we as a society are going to pay it. The only thing we are going to do is bitch about. The oil company owns the world because we allow it to happen. Not the government, not obama or romney, not king saudi arabia. We, the American people, allow it to happen.
My opinion was not amateur. Never is.

In fact the original poster asked why it jumped this week. Your scenario doesn't describe why it jumped but why it is high.

Again (last week) a pipeline broke & and a rig caught fire. This is why it increased.
Not even close

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#16
Aug 22, 2012
 

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With the money bp and ashland exxon have, 1 busted pipeline would not even cause a dent. They handed money out hand over fist after the gulf spill. But yet they still have 4 projects in whiting going on totalling $400 million. They do it because they can
Not even close

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#17
Aug 22, 2012
 
Sorry, $400 billion, not $400 million
WakeUP

Portage, MI

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#18
Aug 29, 2012
 

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Truth,

People have stopped buying guzzlers, more are car pooling, and I don't know one person that has not cut back on driving. Gasoline consumption peaked in this country in 2006. It has been declining for 6 years despite more drivers on the road. Why? Because of the things you mentioned. Yet gas has gone up. Crude stockpiles are at their highest levels in 20+ years. Domestic US oil production is the highest it has been since "Peak" US Production 35 years ago. When do YOU expect it to go down? This is a combination between government, corporate, and speculative (investors) greed nothing more. Look at the hard numbers and data.
your name here

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#19
Aug 29, 2012
 

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supply versus demand...economics 101.

Supply is restricted because Obama and the Dims won't allow oil exploration and development of existing resources. Second, supply is limited because refineries are not opened or expanded to meet demand. Supply is restricted because of pipeline issues. Supply is limited because of unstable foreign governments.

You want lower prices, expand supply or lower demand.
basic economics.

“"Humanity is overrated." ”

Since: Sep 11

Owensboro

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#20
Aug 29, 2012
 
Not even close wrote:
Right now BP Amoco has 15000 contractors in whiting indiana right now. Most are just standing there. They also have 2800 employees basically doing the same.$12 million a day in payroll alone. One facility. 30 cranes on site. 2 of the rigs cost $25,000 a day to rent (running or not). That facility has piss poor time and money management. That is just one facility. And by far not even close to the biggest. They waste this money because we as a society are going to pay it. The only thing we are going to do is bitch about. The oil company owns the world because we allow it to happen. Not the government, not obama or romney, not king saudi arabia. We, the American people, allow it to happen.
No sarcasm intended you are already 10 steps ahead in life because you are educated yet not bias good job now school the rest of these idiots, well played sir well played...
Monkey

Owensboro, KY

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#21
Aug 30, 2012
 
GREED!

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