They say we have more oil reserves than any other country. Then why is gas so high?
2018-10-08 3:03 am
回答 (10)
2018-10-08 3:31 am
✔ 最佳答案
Mostly because the tree-huger environmentalists won't let the oil producers go after the huge reserve deposits in remote areas like in Alaska and off-shore along our coasts. Even if we could go after ALL the oil reserves, the oil isn't just laying around free for the taking. It costs money to explore and drill for the crude oil, then more money to transport it to a refinery where is is converted into diesel fuel and gasoline, and then even more money to transport again to the retail outlets where you buy it to use in your car.
2018-10-08 3:05 am
The oil we have is hard to get at and cost a lot to pump out of the earth
2018-10-08 3:49 am
In a word? TAXES. When there is a 40-60 cent tax on Every gallon of gas, what do you expect?
2018-10-08 3:10 am
We have a lot but most of the easy to get to oil has been drilled and fracking is expensive. Oil is also sold on a global market so Saudi Arabia and OPEC generally set the prices.
2018-10-08 3:04 am
Taxes and no new refineries.
2018-10-08 4:07 am
Gasoline is refined from oil Oil is traded on the world market and the price is determined by supply and demand. OPEC has enough of a monopoly of production that they are able to control the supply and therefore the price. When they decide the price of oil should be higher the price of gasoline everywhere goes up.
2018-10-08 3:55 am
Capitalism.
2018-10-08 3:26 am
Gasoline is actually fairly inexpensive in the United States.
2018-10-08 3:07 am
The dollar has lost its value around 14% since 2016. The oil sheiks and other oil producers get paid in dollars and they raise the price to cover the difference, they don't take the loss in the value of the dollar, consumers do.
2018-10-08 3:11 am
Trump is not doing the good job he hopes his people believe he's doing.
The cost of living continues to go up, everywhere, and it's only getting worse.
The cost of living continues to go up, everywhere, and it's only getting worse.
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