Originally posted by 99blacksesport: BACK ON TOPIC!!!!
So can anyone tell me why gas prices have jumped so high? The hurricane os over, as far as I knew it didn't destroy any gas refineries or oil rigs. Is it the whole panic stricken American investor that is driving the price of oil futures up, which is bringing the price of gas up??? Or is it really OPEC. For once I am NOT looking for politics thrown into the arguement, I think gas prices are outragous enough without throwing politics in the mess...
Oh and I am glad I got my bike with 40+mpg...
in a nut shell...
Originally posted by BP: we all know gas prices are affected by supply and demand. the supply is unstable because of the war, katrina, lack of refineries, and lack of new oil sources. demand is increasing.
they will only get worse because of the above conditions. once repairs are made to the damaged pipelines out of the gulf area they may go down a bit, but in general prices will most likely steadily rise until the other issues are resolved as well.
