With the news today of oil prices dropping below $35 a barrel...?

Why are prices at the pump going up?? Is this why oil companies always have astronomical profits? Why doesn't the Government step in and do something about the price guoging like they do for other industries?With the news today of oil prices dropping below $35 a barrel...?
Prices at the pump are going up because gas at the pump primarily comes from foreign oil, which is about $10-$15 higher than our domestic oil. We currently have a big huge surplus of domestic oil (apparently being generated down around Texas-ish), but we are stockpiling that as ';reserve'; (and the Republicans wanted to start drilling in protected territory for more oil ';just in case';...).





In the mean time, foreign oil suppliers are milking us for every penny BECAUSE THEY CAN. This is exactly why we need to pour more funding into alternative fuel and energy research. This is also why the Amercian car manufacturers to NOT need a f*cking bailout - at least until they start making more fuel efficient cars. THIS is why America needs to end its dependency on foreign oil. Our economy sucks, our government is run by assclowns, and we just can't afford it anymore.With the news today of oil prices dropping below $35 a barrel...?
The price of gas is indeed tied to oil. It's just a matter of which oil.





The benchmark for crude oil prices is West Texas Intermediate, drilled exactly where you would imagine. That's the price, set at the New York Mercantile Exchange, that you see quoted on business channels and in the morning paper.





Right now, in an unusual market trend, West Texas crude is selling for much less than inferior grades of crude from other places around the world. A severe economic downturn has left U.S. storage facilities brimming with it, sending prices for the premium crude to five-year lows.





But it is the overseas crude that goes into most of the gas made in the United States. So prices at the pump will probably keep going up no matter what happens to the benchmark price of crude oil.
It is the time of years.


Each state has there own gasoline formula for summer use and they must start making it now. So the cost always jumps at this time.
Can you spell ';suckers';?





That's what they take us for...they simply don't bother to cover up their thievery anymore do they?
They need big oil money to fund their elections.
Obama has oil stocks...
Cricket I agree ! What is going on with that.We just need to get rid of fossil fuels all together :(
price up, cost down, oil companies record breaking profits........I wonder who is getting paid off. I love nature but there are places to drill and be eco friendly.