So maybe someone can answer this. if we only get one percent of our oil from the strait. How come our oil that we get from everywhere else?Including here at home is so high? just seems like price goug... View MoreSo maybe someone can answer this. if we only get one percent of our oil from the strait. How come our oil that we get from everywhere else?Including here at home is so high? just seems like price gouging.
It is absolutely price gouging. But it also has to do with the fact that they made oil a commodity. The stock market now plays a role in gas price fluctuation. Oil should never have been allowed to become a commodity. Pretty sure it was Jimmy Carter's administration that did that. Same goes for the ... View MoreIt is absolutely price gouging. But it also has to do with the fact that they made oil a commodity. The stock market now plays a role in gas price fluctuation. Oil should never have been allowed to become a commodity. Pretty sure it was Jimmy Carter's administration that did that. Same goes for the housing market. Big corporations should not be allowed to buy up thousands of houses. They are a big factor as to why house prices are so stupid.