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Can SOMEONE please explain to me why gas prices are so high?

sanantonio.bizjournals.com — ..."drivers throughout Texas are now paying record prices for gasoline. In two markets in particular, El Paso and Amarillo, the average price of gas reached record highs of $3.01 and $3.07, respectively. This is up 5.2 cents and 7.9 cents in each market."

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  • dvarjen, on 10/11/2007, -0/+0I love Americans. Whining about the gas prices. Here in Sweden the approximate price is 6$ per gallon.
    • cquinnd, on 10/11/2007, -0/+1How much of that price is tax?
    • anidal, on 10/11/2007, -0/+2Saudi Arabia: $0.6 per gallon

      It's all about supply and demand. At present, due to the Iraq war and the relatively risky Middle East, oil supplies are unstable and could be cut, hence driving up demand.

      Also, news such as Iran starting to sell its oil in Euros instead of dollars has relatively increased oil prices per dollar.
  • gypsi, on 10/11/2007, -0/+12 words: "Bush", "Iraq"

    don't believe me? ask wall street
  • gypsi, on 10/11/2007, -0/+0digg down
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