Originally Posted by morf13
What drives gas prices?????? SUPPLY & DEMAND, !! If you need it and want it, we can sell it for more. If we have a product that is NOT needed or demand, then we drop the price. Thats a basic philosophy that has been the rule forever.
It was mentioned that gas prices were so much lower before Obama got into office because there was a great recession across the world, and demand was down so they dropped the price. HELLO???? Are we not in a world recession now? Shouldn't the gas prices be going down again?
Duh. Prices are going up because the economy is recovering. And they weren't all that low during the bush administration anyhow.
The hypocrisy of the Conservatives never fails to amaze me and the hypocrisy of blaming President Obama for rising gas prices is no exception!
Gas price under bush went to $4.21 a gallon and was over $3.00 a gallon most of his last term in office.
The only reason gas was at $1.85 when President Obama took office is because of the economic crash which greatly reduced demand and the crash effected all countries not just the US.
Gas prices rise with demand and as the economy has improved it is completely normal for gas prices to increase as more businesses use fuel for deliveries, more trucks on the road, more people traveling, and more people driving to work.
So our rising gas price is actually an indicator that the economy is recovering.
http://www.sodahead.com/united-stat...-blame-for-gas-prices-today/question-2508615/