What do you think of rising gas prices and what do you think is causing gas prices to go so high?
In southern Ontario gas is predicted to go to $1.55 a litre. That adds up to $6.20 a gallon by the end of May when gas usually goes up. I can see our tourist business will be struggling under these gas heights.
Instability in the Middle East is driving prices up along with limiting production. If more drilling had been done 10 years ago, the supply would force prices down. The decline of the US Dollar is also a major factor in the rising price.
Greed of the oil companies, lack of planning and alternatives for countries that use a lot of oil and the oncoming vacation season.
I cannot speak for Canada but the US for one has not made use of the resources we have and have become overly dependent on foreign oil. The catch is American companies like Exxon buy from other sources and are making a killing, additionally we have not been refining oil here but shipping it overseas for refining. This is another example of opting out of your own infrastructure building.
I am in favor of "sustainable practices"; yet there has to be balance in everything. Now we find ourselves in unbalanced situation with the cards in the hands of others; that would be the one with the oil. We can blame the Middle Eastern countries till the cows come home, but we game them this power.
There is a silver lining in every dark cloud, we as a people all over the world are being forced to use our ingenuity to extract ourselves from the energy crisis that is actually yet to come.
The time is long past for people to be passive in times like this, of coarse I am very opinionated about things such as this conundrum, if you don't stand for something, you may fall for anything. Blessings:
Speculators are the villians. Hoarding the oil and driving the cost up. We are drilling more oil today then when President Bush was in office. So follow the money, speculators and wall street.
It is £1.40 a litre here atm which is silly ... it's due to greed from the world bankers the price rising.
by Randy Godwin 6 months ago
Gas prices are soaring as usual under Republican leadership. This will hurt middle and lower classes more than it does those who got the lions' share of the tax cuts. Not only do we have to repay the Chinese for the money we borrowed , we now have to pay higher prices for fuel. I hope those wanted...
by Princess Clark 5 years ago
Do rising gas prices impact your summer travels?In Chicago, gas is about $4.40 a gallon. It seems that high gas prices have become the norm. Have the rising prices impacted your vacation or travel plans? If not, will they this summer? Have we simply just grown accustomed to rising...
by David 6 years ago
Anyone else frustrated with the rising gas prices in the US these days?With domestic production at a modern day high, and consumption lower than it has been in years, why are gas prices in February already at such highs? Here in Northern California we are already over $4 a gallon and places...
by Suzanne Levac 7 years ago
I just heard that it is very probable that the gas will go up to $5.00 a gallon in the near...future in the United States; do you think it will happen? And why is it going up that much?
by Doug Hughes 7 years ago
When gas prices were going up, Wingnuts were tripping over each other in a rush to blame the president. Even though he had nothing to do with it.President Obama ordered a release of strategic reserves. Prices have dropped over 50 cents per gallon in Florida.What do we hear now?
by Holle Abee 6 years ago
http://www.realclearpolitics.com/video/ … _bush.htmlBush gas at $3 a gallon bad! Obama gas at $5 a gallon okay and not his fault. Got it.
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