Israel attacks Syria, trouble in Egypt, Iran is still threatening to build nukes, Obamas is pushing a 'green' agenda......Just blame it on supply and demand, global conflict in the middle east means nothing! *smh*
The reason is the federal reserve. The more money they print the less your dollar is worth.This money printing by the feds is the cause of inflation. Most people are not paying attention and do not know what the consequence of the debt this country holds. Its just a matter of time before $4. is the norm then it will be $5. and then $6. and so on. This will also go with food prices and everything else . This is one reason Obama is not a good choice. He knows not how to quit spending.
So many anti Obama rants that have nothing to do with the price of oil. I wish people would learn how this country operates... A number of reasons... Experts say the red-hot global economy, including tensions in the Middle East, coupled with refineries undergoing maintenance and panic over dwindling supplies creates the perfect storm that sends gas prices through the roof.
"We are at the heart of a major refining area that have shutdowns or maintenance issues," said KTRK political consultant Dr. Richard Murray. "Our gas prices mostly move with those in the nation, but we have some unique factors in Houston that can cause the price to fluctuate more than in other cities."
Domestic oil companies are now producing so much refined fuel that it is now our number one EXPORT. The oil companies are selling domestically produced fuels to other countries where they can make more money. Also, Middle East tensions drive up the price of oil. All that drives up the price of gas for everyone. Oil companies are capitalist enterprises motivated by profits--not concern for any hardships higher gas prices might have on Americans.