Why are gas prices going up so rapidly?
How the H^^^ else do you think Bush is paying off his cronies? The comodities market approach is based upon current greed of the people who have the money to ride a wave until it crashes. The current rise in fuel prices is literally turning down the screws on our economy to the point everything is hurting. If it is not stopped within the next two – three months we will be setting up for a depression NOT just a resession. The Fed can only bring down interest rates so far. Less than 1% on the overnight Fed money, the rate banks pay to brower over night, is on the part of the Fed defeat of their monitary policy because it means we are headed for deflation. Deflation means depression. Housing is already in deflations, the prices are dropping as much as 25% in some areas over last year and by as much as 35% from the year before. Fuel prices need to drop to at least $2.25 per gallon and interest rates have to stay low in order to recover from this runup of fuel prices. The airlines have just
I LOVE “peace~mea~culpa” ‘s answer, but, to put it more briefly, if you keep driving all those gas hogs (SUV’s, BIG pickup trucks that never see a day’s work in their lives, all the sports cars and, moreso, all the un-tuned cars) and you drive them at higher speeds and engage in “jack-rabbit” starts from stop signs and red lights, and run your airconditioners when it gets even the least bit warm, what else could you possibly think is going to happen to the price of oil. It’s so simple, contrary to all those “wise” individuals who want to blame the oil companies or President George Bush or any and every body else. It’s not complicated. If you keep demanding something, you’re going to have to keep paying higher prices for it in a free market economy, which, surprise, is what we live in. So, to all you “excuse-mongers” who develop all these “wonderful”, and paranoid delusions in your heads about how the world is scheming to “get cha”, grow up!! It’s YOU that’s causing the prices to go up,
