Ask an expert: Why are gas prices rising?

MSN Money's Charley Blaine answers readers' questions about the energy sector.

By MSN Money Partner Sep 11, 2012 12:16PM
Has it become too expensive to fill your car's gas tank? In this video, MSN Money's Charley Blaine explains the reasons behind the rising prices and why he thinks they might go down soon.

As he answers questions from MSN Money's Facebook community, Blaine also discusses possible investments in the energy sector.

444Comments
Sep 11, 2012 3:48PM
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That is easy.  The greedy SOBs at the oil companies are the cause.
Sep 11, 2012 3:46PM
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Simple answer?  "Because they can".
Sep 11, 2012 3:43PM
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Let's just say..."GREED" by the execs of Big Oil companies. No need for debate, comments, or mindless rambles. It's simple and straightfirward. GREED-GREED-GREED!

 

If EXXON has a 60+ BILLION dollar profit in a year, there is no feasible excuse they could offer taxpayers to justify any price increase from now til the year 2525! :-)

 

Forget ISSAC or any other weather forecast... Bottom line = $$$$$ for the big boys at the top. Seeing we paid for those fancy cars, boats, homes, and whatever. Do you think they will invite us over for a drink and let us play with there toys we bought for them??? LMAO!

Sep 11, 2012 3:41PM
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The stock market and speculators have to much power!!  Just who gave these so few the power to play God with the rest of us!!!!

 

Sep 11, 2012 3:36PM
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Has anyone ever asked why is it that whenever the processing plants shutdown for "maintenance" or if there is a hurricane gas prices go up? It used to be not like that. Whose to stop oil processing plant from making excuses and shutting down on purpose just to boost gas prices and their stocks? They have us by the balls and they are squeezing even harder and we are just sitting there taking it. I would understand it if we only had one or two processing plants but we have quite a few them all over the US.

It should not matter if one shuts or two shuts down for a short period of time. We should have enough to take up the slack. It gets discouraging when you work so hard for so little and then to be nickle and dimed makes it that much more frustrating. I cant afford to buy a new electric car because all my savings are going to pay for higher gas prices. I have a small car that used to only cost me between $10 and $12 dollars to fill up. Now, its between $39 and $45 and thats REGULAR. Its ridiculous and disheartening!

Sep 11, 2012 3:30PM
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Umm lets just say those commodities rules that where changed in 1999 are really taking a toll at the pump!  

Sep 11, 2012 3:29PM
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When is the corrupt Congress going to regulate big oil?  That will happen when we clean house in Congress and start over with people who truly care about people in this country rather than big business interests.   We also need to regulate the Speculators as well.

 

There is no excuse for gas to be going up except for profit taking by greedy big oil companies.  Don't believe the b.s. that they throw at us regarding why fuel prices are going up. 

Sep 11, 2012 3:25PM
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The biggest reasons is the speculators who buy, scream the sky is falling, and make a fortune. The various media contribute by hyping all the scary stories. We buy foreign oil, and sit on some pretty large reserves. When the foreign oil has been used up, which will be a long time from now, the oil we still have will be worth so much more. It appreciates in value, like money in the bank. If you really want to lower the price of oil and gas, ride the bus or a bike. When the refineries have to sit on a lot of refined products and store them, idle plants, etc, the price will fall to stimulate buyers.
Sep 11, 2012 3:25PM
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Wow. That could have been shortened to a one word explanation: greed.
Sep 11, 2012 3:22PM
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Natural gas is the only way to go.  We have an abundance of it, it does not need to be refined onlly captured and it burns clean.  Heck, I saw a dairy in Indiana that uses methane digesters to capture methane from the manure produced by it 's 12,000 cows (that's right I said 12,000) and uses it to fuel the trucks that haul it's milk to the processor.  You find oil and you find Natural gas with it.  No brainer....
Sep 11, 2012 3:22PM
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Same story, unrest in the middle east, hurricane, supply and demand, it's all BS!. There has been unrest in the middles east for a 1000 years now. When you have a captive comsumer, supply and demand does not play a role. When gas prices shot up to $4.00 when Bush was president the libs squawked like stuck pigs and the media couldn't help themselves but blame Bush. Now Obama is in office and prices have gone up from when he took office over $2.00 a gallon.  I guess cat got the libs tongue, $4.00 a gallon is OK and the media is silent.

Gas prices double

Utilities up 15%

Groceries up 25%

Wages frozen!

47 million on foodstamps. Double since Obama has been in office.

100 milliom of some sort of federal aid.

Another 4 years? you must be out of your mind!

Sep 11, 2012 3:22PM
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Here's another one you're not going to like.  We have too much energy already.  Instead of throwing, hitting, kicking or just running with the ball, you sit & watch someone else do it.  Worse, you pay to sit & watch someone else.  Instead of walking, bicycling, or at least taking public transportation, you get into a vehicle all by youself, & sit there as your posterior spreads slowly across the seat.  And now obesity is described as "epidemic".

We don't talk to each other anymore.  There you are in your car, probably by youself, windows up to optimize the efficiency of the A/C, & stereo blasting so your completely cut off from everyone else.  Even when people get together, what's the phrase most commonly heard?  "Sssh!  I can't hear the TV."  We even avoid talking to each other, preferring to fire up some handheld device, & text instead.  Since we're isolated, is it any surprise there's a problem with violence in this country?

We're going way too fast.  If the national speed limit was 40 MPH, strictly enforced (don't ask me how), the number of deaths & injuries wouldn't even go down by half.

Instead of finding more energy, we need to stop using so much of what we have.

Sep 11, 2012 3:21PM
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vote out obama the green machine and maybe we can get some real people back in the whitehouse. a little backbone goes along way.
Sep 11, 2012 3:21PM
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A wheel barrel of cash wouldn't buy a newspaper in Germany at the beginning of WWII.

Get ready USA!  The UN, little blue helmets, will be running around the United States of America like any Third World Country in chaos.

Sep 11, 2012 3:10PM
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You're not going to like this, but the fact is we're driving too fast.  By the end of the year, nearly 40,000 will be dead, & another 2 milion injured on the highways, & that's just your fellow Americans.  If a foreign nation did this to us you'd be screaming for the president to push the button.

Petroleum is our most valuable source of lubricants & plastics, but 90% of it goes for fuel.  Burning up a resource that valuable makes no sense.

The answer is shorter distances at lower speeds.  Then we can use our own petroleum to make light plastic cars, & tell the Middle East oil despots to go down to the desert, take out a hammer, & pound sand up their wazoos.

Sound like a plan?

Sep 11, 2012 3:10PM
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Without an energy policy any excuse is going to raise prices unchecked. I heard prices are going up due to a refinery worker called in sick and another got a hangnail. Oh well, we're so screwed the light from screwed can't be seen.
Sep 11, 2012 3:09PM
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   I really dont listen as to the reasons because they are real lame in content. We need to get control as everybody uses this for surcharges and to rip the people off. From FPL to Food shippers. Surcharges and rising prices are now the way. Pay raises are NOT we need a break from all this **** being dumped on us.
Sep 11, 2012 3:03PM
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Gas prices didn't go down last winter did they. Don't be surprised if we see high gas prices again this winter.

Sep 11, 2012 3:00PM
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We need to stop buying gas.  Wall Street is dictating the prices and we are foolish to let them continue doing this.  There is no reason to be paying $4.00 or more per gallon.  It is ridiculous.  When we Americans learn this we will be better off.  Wall Street is greedy and that is fueling the problem.  All of us need to wake up.
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