Thread: Lowering the gas prices

Supply and demand... Right now the demand is higher than the supply... Why? America has not built a new refinery in the last 30 years due to tree huggers and the EPA. Yes most of the gas prices are due to greed and speculation, but to make a change refineries have to be built so the supply outweighs the demand, but the people in charge won't do that... They're getting very rich. Research how many gas refineries have been closed in the last 30 years and how not 1 has been built... That's like milk farms being shut down so that 3 massive ones can take over... What happens? Demand is greater than the supply... Now they can charge what ever they want bc 3 companies control the entire milk market. This is just an analogy, but essentially what is happening with gas and it's pricing.

Asia, not the US.

Damn china!

Peoples want to own cars because thats a sign of accomplishment!

Damn those people wanting to express their success in such a selfish manor!

Oh and chineese copyright laws are hilarious.

Originally Posted by Nixon

Demand is more or less the same now as it was 12 years ago due to the adoption of ethanol. Gas was $1/gal then. What's changed?

The world demand. China, Japan, you name it. Greed is huge...Who ever would have thought that oil has the potential to cripple a world market? Bottom line it is greed and just plain wrong. How to fix it...no freaking clue

Originally Posted by Bio248

It's funny cause the us exports oil as well. Anyone that says demand is higher is a dumbtard.

Wow. Demand for gas is most definitely high... Once again we have not built a refinery in over 30 years. Leaving a small amount of refineries making the supply for the entire U.S. driving population. Demand is higher than supply. We may export oil, but we need refineries for gas.

Demand for gas is the lowest it been in years. The united states exports oil, gasoline, diesel, and jet fuel. We can make plenty of gas. Its not the price of a barrel of oil that makes gasoline so pricey, it speculation. Stop wall street speculation and prices would drop up to 30% which would make 4.00 a gallon of gas 2.80 a gallon.