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Why are gasoline prices rising again?

6292 Views 56 Replies 29 Participants Last post by  JEFF RUNGE
Why are gas prices rising when: the media reports demand for ALL products (oil based) are DOWN, Oil and gas inventories are high, yet in the past 60 days gasoline has gone up over 25 cents a gallon (US)  about 20%  While at the same time Oil has moved very little,
 possibly down as much as 5% ??  
 Any one know why?  Where are the billions of dollars going? Oil Companies?  Whole sale prices (NYSE) bottomed at about $.99 a gallon and is about $1.27 now.  This kind of energy cost increases will make any economic recovery almost impossible....
Do NOT turn this into a political debate !! 
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Because they can, that's why. If you want to see a real scandal, look at the price of diesel compared to their refining costs etc. They will make more in this economic downturn by gouging then they did when the crude cost was higher.

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