FYI: The Government Really Could Lower Gas Prices If They Wanted To

- By Bossip Staff Categories: Bolitics, Did You Know, For Your Information

Gas Prices

We all tend to assume gas prices are due to real conditions in the world, ie Hurricane Katrina disrupting distribution in the South or conflict in oil-producing countries like Libya and Iraq driving the price of crude up.

But experts say it’s mostly the psychological reaction that these “real conditions” create that are causing prices to rise as sharply as they have recently. There’s also the fact that we Americans like sh*t the way WE like it, and therefore, aren’t as quick to take the necessary steps to lower prices.

It’s not impossible though. Here are five things the government could do now to not only stop us from hitting those record-breaking gas prices we’re sure to see before summer, but actually bring it back to lower prices than we’ve been seeing over the past couple of weeks.

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Comments

  • Cant Stop Wont Stop

    Well we all know that

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    • Smart23yroldBlackchick

      The Amercan government is EVIL!!!

      We are NOT the land of the freakin “free”

      They tax and tax and tax and raise and raise and raise!

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  • Yeah i said it

    gas is $3.52 a gallon? im ready for change. yes we can!!

  • nyc-ista718

    the motive is always money…nobody wants to be short changed..so even if the gov’t could lower gas prices that still leaves the hungry CEO’s wit less money..thats a given..a spike in the gas the prices signifies that they use issues such as whats goin on in Libya as a reason to raise them when in fact most of our crude oil comes from Saudia Arabia..we only get bout 1% from Libya..there’s actually no need for a spike even if we did put a squeeze on them..so why the spike?? MONEYYYYYYY!!!!…i swear those CEO jerks could drown in oil for all i care..smh

  • nyc-ista718

    helloooo???…the motive is always money…nobody wants to be short changed..so even if the gov’t could lower gas prices that still leaves the hungry CEO’s wit less money..thats a given..a spike in the gas the prices signifies that they use issues such as whats goin on in Libya as a reason to raise them when in fact most of our crude oil comes from Saudia Arabia..we only get bout 1% from Libya..there’s actually no need for a spike even if we did put a squeeze on them..so why the spike?? MONEYYYYYYY!!!!…i swear those CEO jerks could drown in oil for all i care..smh

  • Tyrone

    instead of presupposing the ideas above as viable options (since they are only short term and have the possibility of producing problems long term), why not just go with the obvious solution: reduce dependancy on oil.
    also, @nyc-ista718
    though money plays a huge role, stating that libya accounts for 1% of oil production and shouldn’t produce any price shocks is wrong. libya is part of OPEC, any disruptions in their production could have a domino effect on the other nations. that’s the perception that causes increases. besides, any small disruption in S&D is magnified in its effect.

    • RMEs

      Ok, well while we.re reducing our dependency on oil (not gonna happen by the way) why don’t we drill our own? It makes no sense to sit on our resources and beg others for theirs.

    • Tyrone

      @RME
      we do drill our own oil. the United states is the third largest supplier of oil in the world. it just so happens that the united states territory does not sit on as much oil rich areas as middle eastern nations do. as far as reducing our dependency, why not? there are numerous options available to us.

    • nyc-ista718

      true..it can create a domino affect to other nations and ur right..best thing to do is just not be dependent on them anymore..if the U.S releases dependency on them them we wouldnt see much of a hike in gas prices etc..but honestly this so called scare is the reason why its goin up..theres no need for it to go up if our dependent oil lines are from Saudi Arabia etc..i think the gov’t needs to step in and put more of squeeze or regulation on the oil companies..this is a perfect time to do it..now that would def have a major impact on others lowering there price per barrel..just a thought i guess..=-/

    • Tyrone

      well you could chalk quite a bit of it up to market pshycology. true. but libya does produce about 2 million bpd. a disruption in that is major. especially to Europe. putting regulation on oil companies would be great if it weren’t for the fact that oil companies have “super mario” lobbying power and it really boils down to OPEC.

  • ok

    I’ve said that a million times on this stupid site that gas prices are arbitrary. It has nothing to do with the crisis going on in the middle east. Oil companies raise prices because they want to and not because they have to.

  • Wendy

    And my favorite motto @ this point in the game is “America is screwing Americans”!!!! Greed! Greed! Greed! And because I can’t park my over priced car for a couple of days out of the week because I suffer from the typical American syndrome I refuse to be inconvenienced, therefore I pay the over inflated prices that are put in place by the beaurocrats because they need to keep there pockets full and there special interest groups friends as @ tyrone stated “OPEC”….

  • suga

    Yeah, they need to really need lower these damn gas prices. They are robbing the sh** outta people. They know people need to drive, so they have people by the “short hairs”.

  • rene

    What the bleep!! are they doing to US? Some people are barley I mean BARELY getting by. And, AND,what about people who are working at car dealerships? Do they even think about these poor people trying to sell cars?

  • On Point

    Its $4.00 avg here in San Francisco….fml -__-“

  • On Point

    how about this, provide better and more accessible public transportation, b/c in comparisons to other 1st world nations, we are at the bottom

  • eyecanonlybeeme

    The price of oil is driven up by speculation. When the price of gas went up a couple of years ago it has nothing to do with Americans dependence on oil or opec cutting production.we were actually using less oil then than we were n the eighties n nineties. Once Merrill lynch imploaded the stock market with the the mortgage fraud the lobbied to be allowed to invest in the commodities market and speculated the price through the roof. Greedy bastards

  • Here's the Truth

    It’s true: the world powers that be (the oligarchy)raise oil prices at will…it has nothing to do with what’s going on in Libya or the Middle East. Remember just a month before the Nov 2008 presidential elections, the government (really Bush, his rich cronies and his own wealth)SUDDENLY lowered the gas prices???!!! Remember? The price of gas went way down for a couple of weeks. Nobody questioned it; everyone was just glad to have lower gas prices for the first time in a very, very long time. I wondered about it from the jump. I guess it was Bush’s last “hurrah” before leaving office. Yes, it is indeed about money and being in control.

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