Hillary's gas tax holiday proposal

[ksniperfox]

so, why is the price of gas going up? not a noob question, im being serious. in less than 10 years its gone from about $1 to nearly $4? why?

[ironchef]

so, why is the price of gas going up? not a noob question, im being serious. in less than 10 years its gone from about $1 to nearly $4? why?

A combination of the value of the US dollar going down vs the euro and other currencies, stupid speculation in the markets, reduced drilling efforts on US territory, OPEC being a ****, and China/India's economy growing fast as hell. Oh and the US government failing to do anything about it.

While in the meantime more and more oil reserves have been discovered. Theres something like 4 trillion barrels in Brazil alone, and thats just a conservative guess.

[tony]

A combination of the value of the US dollar going down vs the euro and other currencies, stupid speculation in the markets, reduced drilling efforts on US territory, OPEC being a ****, and China/India's economy growing fast as hell. Oh and the US government failing to do anything about it.

While in the meantime more and more oil reserves have been discovered. Theres something like 4 trillion barrels in Brazil alone, and thats just a conservative guess.

So in a nutshell and laman terms, demand for oil is up with only limited suppliers available.. those who are trying to predict supply and demand drive prices up and we have bad leadership to deal with the issue. Nice summary, I agree totally.

[ironchef]

So in a nutshell and laman terms, demand for oil is up with only limited suppliers available.. those who are trying to predict supply and demand drive prices up and we have bad leadership to deal with the issue. Nice summary, I agree totally.

The big issue is that the limited supply is by design, not because of actual limited supply .