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innocent question
i really do not know. please enlighten me and clear up my misunderstangs. why are gas prices rising? did bush invade iraq to get gas for US so we wouldnt have to worry about this but its happening anyway? i dont think i have the facts straight and i dont know what news sources to trust.
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Aside from everything theymos mentioned, theres one other major factor. the value of the dollar is going down. now domestically, we arent noticing it as much, but since oil is bought entirely from another country, they want more dollars for it, since dollars arent worth as much anymore (also thanks to the war and other bad economic decisions)
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Bush allegedly invaded Iraq to get oil to sell to Americans and others to get money for America and himself. However, the Iraq war has been MUCH more expensive than the oil there is worth.
Gas prices rise for a number of reasons. Usually it has to do with there being less supply, or an impending lowered supply. Oil is a limited resource. It is running out, and once it's gone there will be no more. So the prices will steadily rise as the oil dries up. Also, a lot of the world's oil is in the middle east. The more they want to charge for it, the more it costs here. The more war there is there, the harder it is to transport it, the more it costs here. The more they are damaged, the more money they want, the more they charge, the more it costs here.
Also, oil companies make an enourmous profit. They probably markup the price 600% or more. And they routinely and randomly fluctuate the prices.
And gas stations around an area collude with each other to make the prices higher than they ought to be. So in one area they all have an agreement to mark up the price around the same amount, so that they all make more money. If one was selling for much less, then they would get all the money and the others would have to match that price; and they'd all eventually make less.
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