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Whose Ready for $3.00 a Gallon Gas
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The real reason the price of gas is up is not, ahem, not: greedy oil companies, or George Bush. The real reason are spot oil is bid on; people are buying into future people are saying that they think they can sell the oil later for over $60 a barrel. These people are driving the oil price up, many of them are Chinese who is sucking down a lot more of the worlds oil. The oil companies aren't the ones speculating, although speculating is the cause, this is a bubble. Like what happened to gold in the late 70's. Some of the people buying these futures would panic if they had to get the oil and store it. What they do is they sell the contract and make money and drive the price up. Other reasons affecting the price of gas are the fact that a new refinery hasn't been built in 25 years. Every area of the country uses a different government mandated formulation of gasoline. So if one refinery has a problem one producing the same type of gas may be n the other side of the country. <br />To those who say bring it on; you must not realize the effect fuel prices have on everything, no just fuel and shipping. But every thing will cost more, plastics are oil based, everything requires shipping. $5 for a gallon of gas would affect everything you buy. Why do you want that? <br />James[C):-)]
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