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Energy Bill - June 11 2009 Forum

1,285 votes

Why are gas prices so high again with so much profit being made?

gas has risen again, sneakily now, with mega profits still being made by industry. why?

  1. Comments
  1. Yesterday I listened to a Republican in Congress say, "Obama has been in the White House for only 4 months and the price of oil has doubled!" Then he went on to say how cruel Democrats are to want to raise taxes (on energy) when everyone is suffering in a recession. "Millions of jobs will be lost ..."

    Their answer is still "Drill, baby, drill". Oh yes, and "New-ku-lur".

  2. 1

    I read recently there are many tankers sitting off our coasts full of oil, waiting for reasons for price increases, and it seems to be working. Here is an opportunity for all of us to begin complaining to the Obama administration and our legislature's asking for some public jawboning. To me the annual gasoline producer's raises are illussionary and the public must rise up against it.

  3. Why is anyone surprised by this ANNUAL price increase? After all, it's the start of the summer holidays and the oil companies always raise prices around the Memorial Day weekend and keep them high until about Labor Day.

  4. 2

    Seems to me that it's fine that the prices are high...but I find that I DO object to the oil and gas companies keeping record profits from the high prices. Maybe that excess profit should be redirected into programs which support green sources of energy - wind, solar, geothermal.

  5. Gas prices aren't high enough. Look at Europe - some countries' gas prices are triple and quadruple what we pay. Notice that they have much more energy efficient vehicles.

  6. In the winter season, I saw the gas price plummet for all three levels: regular, unleaded and super unleaded respectively to nearly $2.10, $2.25 and $2.50 per gallon in Chicago. Now, in June the prices are steadily climbing and the question I ask is how is this market regulated (if at all) by our elected officials and appointees in Congress? Is there an cap on prices or just a free for all whenever the oil conglomerates decide? There must be some meeting of the minds between the overseas suppliers and... more

  7. It seems to me that who is making money here is of secondary importance. What matters is that gas prices are up. This will encourage people to buy more efficient cars, drive less, carpool more, pollute less, and maybe even think twice about wasting fuel.

  8. 1

    Manipulation

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