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darkridr asked in Social ScienceEconomics · 1 decade ago

Wouldn't you agree that...?

Our gasoline prices today proves that the pricing before was artificially inflated?

We're currently paying less than half of what we were paying just a few months ago. I understand the fact that our current cost per gallon is due to our economic crisis, but even when taking this into account the cost shouldn't have dropped quite as low as it has unless the oil companies are taking unfair advantage of the general public during normal circumstances.

When will we, as a people, be able to say no and actually start insisting on alternative fuel vehicles instead of remaining dependent upon fuel source owners who will continue to gouge us indefinitely?

Update:

iychick: I actually was thinking in terms of electricity.

SDD: My point wasn't about the ration of gas to oil, but about how both gas and oil dropped so extremely in so short of a timeframe. The very fact that it can drop so far shows how artificially inflated the price of gas and oil was.

4 Answers

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  • 1 decade ago
    Favorite Answer

    Great observation! i thought i was the only one who noticed! We could really help ourselves if we start to drive alternative fuel vehicles. And for those who dont, im pretty sure since demand is down the price will lower as well. But if you think of it we could not only help ourselves but the environment as well!

    =]

  • Anonymous
    1 decade ago

    Alternative fuel sources: Our best bet is hydrogen, but it is still considered to0 unstable.

    Bio-diesel wouldn't work because if everyone drove cars in the state of california that ran on corn oil, we'd have to have the whole north west section of the country growing nothing but corn.

    Before you start preaching alternative fuel, research it.

  • SDD
    Lv 7
    1 decade ago

    No. Gasoline is selling for about the same price as it was the last time oil was selling at $50/barrel.

  • Anonymous
    1 decade ago

    governments are bought by the oil and other big business -and the oil is a commodity sold on speculation on the stock market -we would ave to change our hole system to make it more fair and the greedy won,t allow that -enless the masses revolt

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