What affects the price of gas?

My friend used to work at Speedway America, and he said it has to do with how much they pay for it and the competition a little bit.

Quite a few things the hurricanes in the gulf last few years, the OPEC oil countries saudi arabia, and such. The lack of new oil wells. The growing demand of china and india and other emerging industrial nations, they all want the same thing we do here in th USA, cheap energy. Unfortunately there is not enough to go around. We as a world need cheap non carbon energy, such as wind and water, solar even nuclear energy. as the oil runs low we also risk global destruction through our use of oil, the greenhouse effect we will all pay dearly if we as a world do not change things soon.

MOney! They want more money from us its hard now to just go see my mom as the gas prices keep jumping grrrrrrrrrrrrr

Greed! The one word answer that is the response. The CEO's get too big of a kings ransom for performing duties you or I could do. Other countries subsidize the fuel for their citizens why not us. We could be more productive and economy could grow if we were not struggling to pay for gas to just get to work and the market for food. Will be neat to see what others have to say.

GREED! As I do not want to commit the sin of just giving a one word response I shall repeat it again GREED, and again GREED.

my breath

I dont know what affects the price of gas since even after USA had control of the oil wells the price of gas continued to soar. But i do know we can try to control this price hike. If we all only buy gas at small local stations where the price is lower all these big gas companies will eb forced to bring down their prices since they would otherwise lose out on business.

Usually what affects the prices of gas is the speculation of prices due to the current situation we got at hand. Supply and demand also affects it. If you have noticed, any bad news coming out of the Middle East which majority of the OPEC nations are producing the world's oil supply, prices tend to go up. Any rebel news from Nigeria, prices go up. Any rhetoric from Hugo Chavez of Venezuela, prices go up. Then come the price speculations. If the situation in the countries that produces the world's oil supply is not stable, it means less supply. Even though we got oil reserves but speculating mostly affects the prices of the energy complex.