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stanleybmanly's avatar

Can anyone explain the rapid and wild fluctuations in gasoline prices?

Asked by stanleybmanly (22356points) May 17th, 2015 from iPhone

Or is it just my imagination?

Observing members: 0 Composing members: 0

6 Answers

elbanditoroso's avatar

You mean up 18 cents in Atlanta between Thursday 5:00pm and Saturday morning?

It’s the usual. Big Oil maximizing profits.

SQUEEKY2's avatar

Sure pure and downright GREED, and Governments will never say a damn thing on this because the more the oil companies can screw us, the more they get in taxes.

janbb's avatar

I’ve wondered the exact same thing! It seems to have no correlation with the price of a barrel of crude.

JLeslie's avatar

I don’t believe any of the explanations that float around. All I know is gas got up to $4 when Bush was in office and then came back down just over a year before the election, and gas got up to $4 while Obama was President and now the prices came down as the Presidential candidates are about to ramp up their campaigning.

I guess my answer is I think it’s politics and artificial and back room deals.

Hypocrisy_Central's avatar

You drive, you need petro, they have it, you get rooked and raked over the coals, then people complain and reach into their pockets and pay, because they drive.

zenvelo's avatar

Part of it is that oil has climbed back up to $60 a barrel. And at least in California the refineries went off line for a short time to shift production to summer blend. And while Saudi Arabia is still pumping it out, other Middle East producers have been interrupted by war.

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