Babywhite
02-02-2009, 06:54 PM
I try to read some news daily -- print or online, and I try to catch tidbits of the news throughout the day but...
I do not understand why gas prices are increasing. Oil prices per barrel are still very, very low, but gas prices are increasing.
I read some news info stating that while barrel prices are lower than before, the oil refineries feel that they aren't making enough b/c we have cut back so much. So they are going to (continue) cutting production in order to make more $.
I read the above info in one article and (basically) in the next article read how they (the oil refineries) are making record profits.
Ok -- what gives...they can't both be true.
I just saw where oil prices have dropped to $40 or less (can't remember exactly) per barrel and then heard to expect gas prices to continue to increase in February ---????
It is so frustrating.... the less gas costs the more $ we have in our pockets to spend on other things which would help stimulate our economy.
Is there nothing our government can do when it is the oil refineries that are causing the increase and not the cost of the barrels?
Maybe I'm confused about the big picture or maybe it's a small detail causing me to "not get it" -- but whatever it is --- please explain it to me. :)
TIA for your help!
Babywhite
I do not understand why gas prices are increasing. Oil prices per barrel are still very, very low, but gas prices are increasing.
I read some news info stating that while barrel prices are lower than before, the oil refineries feel that they aren't making enough b/c we have cut back so much. So they are going to (continue) cutting production in order to make more $.
I read the above info in one article and (basically) in the next article read how they (the oil refineries) are making record profits.
Ok -- what gives...they can't both be true.
I just saw where oil prices have dropped to $40 or less (can't remember exactly) per barrel and then heard to expect gas prices to continue to increase in February ---????
It is so frustrating.... the less gas costs the more $ we have in our pockets to spend on other things which would help stimulate our economy.
Is there nothing our government can do when it is the oil refineries that are causing the increase and not the cost of the barrels?
Maybe I'm confused about the big picture or maybe it's a small detail causing me to "not get it" -- but whatever it is --- please explain it to me. :)
TIA for your help!
Babywhite