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shaine g
shaine g asked in Science & MathematicsEarth Sciences & Geology · 1 decade ago

If oil is the lowest its been in years, why is gas so high?

Every morning on the news I see the prices of oil has went down and they comment that oil is the cheapest its been in many years. But when I get to the gas station to fill up gas is up every day higher and higher. Why? I mean a couple of weeks ago it was 1.50 a gallon now its back up to 1.79. With the economy the way it is they should give us a break on this gas that they are making so much money on. What do you think?

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  • terry t
    Lv 6
    1 decade ago
    Favorite Answer

    Because the sheiks have many wives to feed.

  • snapdragon
    1 decade ago

    The refineries have lowered their output and increased their margins.

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