Have you ever wondered why the gas prices around the Miami Valley and the nation so high? Do you guess it is just the gas companies’ way of making lots of money? How much does of a roll does the government plan in the prices? I am here to answer some of these if not all of these questions.
One of the main reasons that gas prices are so high is because of the cost of the crude oil. Crude oil cost is the price paid for a barrel of crude oil on the international market divided by 42 gallons in a barrel. This will give the price of crude per each gallon of gasoline. This is often the most volatile price of the fuel. Crude is trade as a commodity, and as the price goes up, prices for gasoline can change very quickly. When prices for crude come down, the price for gasoline also comes down -- but very slow
How much of a roll does the government play in the cost of gas? I am a manager of a B.P. station in Brookville, so I should know what I am talking to you about, and not just making it up. When you are pumping your gas, there is a sticker on the pump that reads “Price per gallon includes a 49.9 cents per gallon government tax”. The government also selects what countries the United States purchase the oil from. Right now the oil is being shipped from Venezuela, South American (by a company that George Bush Sr. {Surprise, surprise} owns.), and also from Russia. Very little is being shipped from Venezuela due to the oil workers strike. Also very little of the U.S. oil supply comes from the Middle East.
Now with that said do you believe that the companies are just trying to make a lot of money? Gas prices are established primarily
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