A big reason why prices go up is because people predict they will, nothing else. In economics, mere predictions about the future make those predictions true. For example, economists are now going "woah, the hurricanes are coming, and chances are a lot of oil rigs will be shut down for a while. Therefore, gas prices will go up because supply will be limited." Then, people go "woah, gas prices are gonna go up, so I better fill up on gas now while it's still cheap and while there's a decent supply of it." Then, oil companies go "woah, people are suddenly buying a ----load more gas, so we're gonna up the price because demand is higher and therefore we're gonna make more profit while the increased demand lasts." So, the prices go up, and the prediction becomes true, simply BECAUSE the prediction was made, and there you have it.
yaya! exactly i guess..basics of economy....supply and demand!! also when katrina hit and prices went up some of da gas stations here and all were taking advantage and rose the prices WAY UP..like in one day from 1 dollar per litre to 1.30..rippin ppl off
Indeed, prices are really to expensive here, lets calculate a bit. 1 liter = 0.264172051 US gallon 1 US gallon = 3.7854118 liter 1 U.S. dollar = 0.825695649 Euro 1 Euro = 1.2111 U.S. dollar 1 Liter is around €1.50 here, so €1.50 x 3.7854118 US Gallon = €5.6781177 a Gallon €5.6781177 x $1.2111 = $6.876768346 a Gallon So if you ask me, the oil is still cheap in the US, compared to The Netherlands and the rest of Europe.
not gonna read all 3 pages cuz I dont even drive yet but I heard it was supposed to go up 5 USD here in RI today or tomorrow
i get my permit next week, i was really hapy cuz i can drive now! but not alone, anyways gas is gona suck here in wisconsin soon as well :censored:
