Gas Junkie - Gasoline Prices Questions

Question: Why did gas prices TRIPLE under the bush energy policy, then plunge 4 months before the 08 elections?

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Answer #1:

Why did Gore support gas over $5 a gallon in his book

Answer #2:

For precisely the same reasons that people expressed in July of 2008: President Bush, in that month, rescinded the offshore oil drilling ban. Other nations that sell us oil reduced prices as an inducement to keep us from adding to our own supplies.
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It was an overdue policy.

By the way, our gasoline prices, though higher than they were a few months ago, have risen less than nearly all other commodities in the past 30 years.

Answer #3:

Because Bush is a Texas oil man. When the oil companies have one of their own in office, their prices and profits soar.

Answer #4:

if you really want to know its a combination of many things.,

1)the chinese were stock piling oil for there olympics, if you look gas prices started to drop the day the Olympics ended. why your wondering? its because they wanted to have tons of it to use to light up the cities and this and that for the Olympic games in Beijing. they drove up prices

2) the congress made many new regulations on the oil industry with gasoline and refineries. stuff like ethanol, flex and designer gases for different regions of the country. that made them to make changes in the refinery process, and a bunch of other stuff, so they had to raise prices to make up the difference.

3) back to ethanol, its total junk and they have to ship it on trucks because they cannot send it down the pipeline because it clogs up, ethanol basically water downs gasoline and you go less on a full take then before.

3) there were a few accidents with refiners and oil rigs etc... during that time span wich ment less supply, were seeing a similar effect from the cold weather in the south with the snow. the crops are damaged so prices go up for those who want to buy fruits and vegitables.

those are some of the main reasons

Answer #5:

There was a series of hurricanes in the Gulf of Mexico which the oil companies used as an opportunity to price gouge. They claimed the hurricanes caused some refineries to shut down as a precaution, and once prices go up they have very little tendency to go back down.

Yes, I also noticed the price of gasoline plummeted just before the election. I noticed that the price of gasoline was $1.49 per gallon in January, just as the new Democrat government was taking office.

It has gone back up a dollar a gallon since then. But I guess that was Bush's faut, too, right?

Answer #6:

It seems that gasoline prices rose dramatically, shortly after the Democrats took over the House, and Senate.
AFTER Bush cut off the off shore drilling ban, oil prices started to drop, as did gasoline prices.
If you don't believe me, look it up for yourself.

Answer #7:

It wasn't bushbush. It was some hurricane, and they had to shut down a platform. The other 3,600 were OK, but that's not advertised. Mexico, sold gas at the same time for $2.50. Not only did Mobil/Exxon record the highest profits ever recorded, ever, but they got a subsidy. Plus, Russian "Lukoil" was coming into Texas, and bushbush now had Iraq oil. Cheap. Free actually. A glut, if truth be known. Must be the hurricane.





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