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Why are gas prices so high?

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In the short run, gas prices are high because there are few oil companies and the OPEC cartel acts like a monopoly.

In the long run, gas prices are high because supply is limited and the rise of the middle class in other countries is increasing demand.

Gas prices are expected to drop because Europe can't get its act together. Oil prices are already falling.

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because the higher gas is the more money u spend in a gallon............. A government thing.

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Gas prices are high because more and more people are on vacation like in the summer. ans also more and more people are getting cars. Also, gas stations like speedway keep track of how much people and money they get each week so the more people they get. The more the gas prices rise.

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Because of effects overseas.

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Because the economy is down and were running out of gas.

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Prices are driven in large by supply and demand, speculators (traders) jack it up when they think the oil supply may be interrupted, Iran for example. Oil companies deliberately keep production stock down so when summer comes they raise the price, pretty much every holiday to! the more we need the more they demand!

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Yay integer! Someone who gets global economics! Green of all shades !

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we are running out of it

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