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Quote by: Sean Why do you think consumers in the US seem to be un-phased by the climbing prices? |
Because it's simply not breaking their banks, yet.
When gas was 1 dollar/ gallon, it would cost $15 to fill up most cars. Now it costs $30. That simply isn't unreasonable, yet.
When it costs $50 to fill up a car, I think you might start seeing things happen.
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Who do you blame for the rise in prices?
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There is not enough supply, it's as simple as that. Period. I saw something on TV that said that 5 million barrels of gasoline are refined every day and Americans are consuming over 95% of that each day. There simply isn't enough.
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Is it the lack of refineries?
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I can't officially say no, but I would guess there simply isn't enough oil coming into the refineries to meet gasoline demands.
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Are the companies full of it when they blame the threat of terror in the Middle East?
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You can blame whoever you want, there isn't enough supply.
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Will this help encourage alterative fuel source adoption and hybrid car growth?
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I think there is going to be a big push for ethanol in the near future. The problem with ethanol, of course, is that you lose gas milage. So you're really not gaining anything. It's nothing more than a farm subsidy.
Hybrid cars might become more popular in the future if gasoline prices continue to increase to extreme levels. In order for it to be worth the price of the expensive hybrid car, gasoline prices must be much higher than they are now.