Why is the cost of gas still going up i mean we pretty much control iraq now?

Greed.





The oil companies made huge profits, I saw it in the news.





and they still won't lower the price.





There is plenty of oil, all they care about is money.Why is the cost of gas still going up i mean we pretty much control iraq now?
Well, your president and his family are in the oil industry. The more gas prices go up, the more money he makes.





Does this clear it up a little for you?Why is the cost of gas still going up i mean we pretty much control iraq now?
The price of oil is dependent on many things.





A barrel of oil (42 gallons) is around $60


Oil and unleaded is gasoline is traded a future commodity which also raise the price sometimes.


Tax on gasoline is a percentage of the price of a gallon of gasoline, so as the price goes up so does the tax.


Lastley the refinery capacity. The less gasoline produced the higher it is.


As far as greed goes, it sounds so easy to blame the oil companies. The have a legal obligation to their share holders to make a profit and I am sure that greed from station and distribution has smething to do with it.





The oil from Iraq does not belong to the US. We would have to buy it from them. Because of where the US is located geographically we get less than 20% of our oil from the middle east.
If we pretty much ed controll Iraq by now, why are we still there? Why can't our soldiers come home and be with their loved ones? But, to answer your question, it is greed. It will always be greed. I personally think that as long as our troops are over there, the government will use that as an excuse to keep gas prices as high as they can.
hmmmmm.i guess that shoots the idea that we only invaded so bush and cheney could get the oil.


in addition the production is still low.reserves are great but it's still in the ground.
Aye, but the insurgents have kept the oil from flowing. They either blow up the pipelines or keep working conditions unsafe.





Plus, the world oil markets are not entirely dependent on the Iraq situation...
It is two fold.


Demand on the world market now exceeds supply. They are having problems keeping the Terrorist from blowing up the oil pipelines.





Greed is another. But it is more greed from the Government too.. The oil companies get about 5 cents per gallon profit. The Government gets almost 25 cents per gallon.


That is direct taxation. Then the indirect taxation that goes into making the feul goes into the cost of the fuel. Those taxes would be about 50 cents more per gallon... almost 75 cents per gal goes to the government.





Thanks to the democrats for that taxation. And no thanks to the Republicans for not correcting it.
If you REALLY think that the war in Iraq is only for oil, or that we get ALL our oil from Iraq, you are very ignorant indeed.
This is a misconception that a lot of people have.





We do ';NOT'; control Irag, we are ';NOT'; there to occupy, we are ';NOT'; there for their oil.





Irag is now forming their own government and this is not something that is done overnight. The Iragi's are in control of Irag. We are there to train and assist their newly formed army. Once they are trained and strong enough to defend themselves without help from us or anyone else, the USA will be pulling our troops out.





One of the reasons people have questions like this is that they are not informed well enough. May I suggest that they start keeping up with current events? Start watching the news on a regular basis and not just one station. Some stations are far left (over the edge liberals) whereas other staions are far right (over the edge conservatives). Watch both, then read between the lines.





One good station that I watch every night is ';Hannity and Colmes'; on Fox News Channel (yes I watch FOX news, I also watch CNN). I get to see both sides of the story and decide for myself. sometimes I'll agree with what Sean has to say, (Sean is a Republican) other times I'll agree with Alan (Alan is a Democrat).





I have a Niece and a Nephew in Irag, I watch the news religiously on what is going on over there. I also put a lot of faith in what they tell me and I don't see a lot of the news stations telling about the good things we are doing for the Iragi's
Too many people driving everywhere they go in GIANT SUVs. More demand equals higher cost. The reality is companies can charge what they can get, and we keep buying oil at faster and faster rates.
HAHA! I pay $1.23 per gallon of unleaded fuel and a barrel of oil cost likr $30!!!! HAH! only in the caribbean! (St.Maarten to be exact)
petroleum is a commodity,it has a world price, it is set by futures. Speculators.
I totally agree with the ';greed'; explanation--We all know it, but can't to a damn thing about it
the war in Iraq has nothing to do with the gas prices..it's how WALL STREET reacts to any world event, that may slow the flow of crude oil...and also the fact that the oil companies want to make more money for Uncle Bush and Aunt..er Uncle Cheney
money, money, money...gas is a necessity so people HAVE to buy it whether or not the prices are high or low.
I cant answer that question but I do kind of agree with you!