As i heard on Fox News, this is the reason for high gas prices in the United States. Note: I am not playgarizing, i am just putting what i heard in my own words, aka paraphrasing.
So... The high price of gas here in the U.S. is a relentless jab at our pockets. But why is this happening? The price doesn't go down on a normal basis and no one likes that. But here are the reasons: 1. In the middle east, where most of the US's oil comes from, they are producing less. They are producing less due to the wars and uprising there. The demand doesn't stop, so the price to get it here in this first place is high.
2. India and China's demand has increased. The middle east just can't make enough at such a fast pace. So the price goes up.
I'm pretty sure all these facts are true, but correct if i'm wrong. I'm trying to write this out of sheer memory. You're welcome :-)
On a typical day, my brother's school, my school, when I have lunch I stop by a market to get tea then home to eat lunch. When I'm done with my classes I pick up my brother then head home. After that it just depends on what I feel like doing. It varies from going to a park, a gym, a friends house, or staying home. So on a typical week I drive around 25 miles.
hehe, i actualy ment whit "where" in usa or europe or 1 of the many many many other places in the world?
So apparently, we aren't drilling in alaska due to enviormantal reasons. I have a hunch that thay also did that because of supply and demand, less gas=more money, more money=richer oil tycoons.
I'm not gonna readanithing yet just 1 word. Ridiculous. Well I heard they want to change it to 5.00 per gallon all across the U.S. well 2 more years I'll be paying all that money Ohh boy I'm gonna pass out ( not cause of prices ) I'm swaying of tiredness
So apparently, we aren't drilling in alaska due to enviormantal reasons. I have a hunch that thay also did that because of supply and demand, less gas=more money, more money=richer oil tycoons.
Oil is a global commodity. With the paltry reserves that America has, drilling does little to impact the oil prices because you can't affect the supply much. Even if America drills, it won't push down your gas prices.
So yes, don't bring in ''supply and demand'' without understanding everything first.
