Quote:
Originally Posted by ateamstupid
You can't answer the question. I'm asking you why gas prices go up. They've skyrocketed since 2006. I want your explanation for it, to see if it's equally as clueless and naive as your views on the collapse of the housing bubble.
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mainly supply and demand (it always jumps during travel seasons), OPEC, natural disasters affect prices (they jumped up a large amount after Katrina), and yes, middle eastern conflicts affect supply. a massive increase in demand from other countries (China in particular) affect price increases.
gas prices bairly flinched in the 20 years prior to the mid 2000's. I personally believe gas prices are where they should be for 2011.