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 4:47PM
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I have been watching it for years, it's all day traders and speculators. Gas shouldn't be traded on the market, supply and demand doesn't apply on the market, profit does. They could care less about the economy, only profit for them.

The only people that don't like this post are day traders and everyone will know what I mean.

Sep 11, 2012 5:14PM
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why are gas prices rising..because they can. Speculators are running unchecked, and the consumer is being screed over while Wall Street gets richer. It's really that simple.
Sep 11, 2012 4:40PM
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the riising price is nothing but a rip off

Sep 11, 2012 11:39PM
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You start by throwing these thieving Democrat and Republican politicians in prison for not representing the people they were elected to represent and for taking oil money!   
Sep 11, 2012 5:00PM
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Has nothing to do with the president, its oil speculators. They all need to be strung up in public hangings.
Sep 11, 2012 5:21PM
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The only way to get out of this problem is to drill for every gallon of oil we can and keep the money in this country. We have enough oil to last us another 200 years. if someone does come up with a car that will run on tap water so be it but until then we need to generate as much income as we can before oil becomes obsolete. Nobody every said that did they. Oil is a natural resource and should be used to our advantage. Secondly the Government should get a larger cut of any oil that is drilled out of government lands. Those funds should be directly applied to the national debt. We could pay off the national debt with fuel sales alone. By the time we pay off the debt some other technology may be available. But until then paying off the national debt will benefit everyone. The dollar will be worth much more. Inflation will be kept in check. Everyone's taxes will go down. It's a win win for everyone. We need to start thinking a head and selling our fuel on the open market and using the revenue from drilling on federal lands to pay off or debt is a good plan to start with.  We have enough oil to bail us out. 
Sep 11, 2012 5:13PM
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Gas is high because of all the greedy CEO's, who make millions off of gas, plus all the Politicians who make a bundle off their stocks.
Sep 11, 2012 7:08PM
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because none of our elected officials want to rock the boat and actually do something about it. Obama after 4 years is still complaining about the mess he was left.  It's the Republicans blamimg the Democrats and the Democrats blaming the Republicans.  It keeps going in a big circle.  These clowns can promise the moon when running for office and want your vote, but once elected they could give a rats **** about the people who put them in office.  These big corporations help get them there financially and then feel they are owed votes for helping them get elected.  Really the President no matter who they are unless he has the support of the House and Senate, he can say what he wants to do, but without their support it isn't gonna happen.  Bottom line the whole political system is corrupt.... period.   They could care less about us "little" people

Sep 11, 2012 7:09PM
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Am I better off now??? I bought a new vehicle in April 2006 - it cost $36 to fill it up. I filled it up two days ago - $90.

I used to feed a family of four for $125 per week. Now there's only two of us - $91 last week. Nope, no "luxury" items.

April 2006 my annual income was $110,000. My income this year, if nothing changes, will be $22,000.

I suppose this answers the "better off" question.

Sep 11, 2012 4:39PM
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something is wrong here. 10 years back the cost of a gallon was 90cents here in ga.  oil was at around 30 bucks a barrel.  now take the tax out of the gallon and each gallon cost 74cents.  now oil is 3 time what it was then  so 74c  time 3 is 2.22 per gallon   now add back the 16c tax and the cost is 2.38 per gallon.  why is the cost at the pump at 3.79-3.97 now?   something is not right  

how about we at least say we are opening up drilling here to drive the world costs down

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 1:39PM
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Re-elect and see just how high it can go!
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Oil is traded on the market as a commodity. The market price is easily influenced by several factors. Tension in the Middle East being one....Since OPEC controls the flow of oil it's easy for them to control prices by supply & demand. Trump is absolutely right about OPEC. They could bring this nation to it's knees simply by closing the valve. We need to be more self reliant on our energy needs,... We have the resources, Govt just needs to get the **** out of the way.
Sep 12, 2012 6:31AM
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If anyone still think that the problem is supply and demand then you're still in the stone age.


Greed! Greed! Greed!

Sep 11, 2012 1:51PM
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That's simple enough to answer,GREED!
Sep 11, 2012 5:22PM
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Prices shouldnt be rising, but they raise prices at will, another sell-out from political figures!!
Sep 11, 2012 5:18PM
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lets be "real" the answer is "because they can"  and the rest of us suffer while they get richer! (commuter from soledad to carmel, ca)
Sep 12, 2012 7:58AM
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Many years ago gas was like throw away energy when some cars had as many as 12 cylinders like the early 1930's Packard. Vehicle manufacturers made better engines and more fuel efficient cars so the price of gas rose accordingly since the oil people wanted to realize the same profits. Now these days the public is clamoring for more fuel efficient cars like the VW diesel or the newer hybrids--- which are doubling the fuel mileage, which means the oil companies are not selling more fuel, so they are not making the same profits, therefore, they are raising the prices to realize the same profits or even more. If half of all cars is the USA or the world suddenly used half the fuel, but got better mileage,  the oil companies don't make the big bucks, they are then forced to raise the fuel prices to make the stockholders happy. So what we are seeing is the slow adaptation to more fuel efficient vehicles and the slow rise of the fuel prices. In Europe ,where there are a large number of small fuel efficient vehicles, the fuel prices are almost double what we have here. No matter how we look at it, we are being  robbed by the fuel companies no matter how we try to save on the consumption of fuel. 
Sep 12, 2012 7:26AM
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A threat by a hurricane shouldn't disrupt but very little. Its only a threat. Add to that the petroleum co. cuts production to match demand so it keeps the price there. The public was told the price would drop after Labor Day, well its still the same. No excuses, just greed and will to damage the economy as much as they can.
Sep 11, 2012 4:57PM
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