by 
OttoZone
ANSWERS: 6
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Simple: the corporations own the world and they can do anything they very well damn please
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Inflation. Thats what I believe it is... Minimum wage recently raise where I am, and so did gas.
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This may not be an answer to your question, but I have an opinion and I want to express it. It could be lower if we would mine for it, it won't do anything bad! It will just come back but darn Obama won't let us! If he let us mine, prices would be much lower.
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I don't know, but they always come up with some reason-like decreased refining capacity, increased demand from other countries like China or India, huricanes, and whatever. But I think its for the same ole reason as ever: it's all about the money--money for dividends, money for bonuses and super high salaries, money for all the super luxurious parties for all the high rollers, and money for the oft given reason for reinvestment and research, the most quoted reason of all.
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This is a good answer. I would say that many people confuse the price that they see on tv and the price that they pay at the pump. The price on tv is the price of oil to be delivered in three months. Add to that is the insurance and the freight. Just thinl of the increase in the insurance premium of an oil tanker passing through the indian ocean with all the pirates. the price of the barrrel is not the only thing that you pay. think of all the cost from the time the barrel leave saudi arabia and it reach your town. The road freight, the lorry driver, the insurance, the cargo ship, the maritime insurance, etc. If these increase, even if the price of the barrel decreases the price of oil at the pump might continue to increase.
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Because customers are being ripped off by the big oil companies who can pretty much do whatever they like.
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