Why are gas prices so high

Answer

The reasons gas prices are so high are the cost of crude oil to refiners and the balance between gasoline supply and demand.

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Source: Gasoline FAQs - Energy Information Administration | tonto.eia.doe.gov

Description: The cost of crude oil to refiners

20 hr 35 min ago

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More ChaCha Answers (4)

They are actually much lower than they have been in the past few months.

Mar 28 2009, 09:18am | Source: quicklinks - Business - Finance & Economy | quicklinks.chacha.com

Actually the price of gas is coming down a little. It's under $3 where I live.Thanks for using ChaCha!

Mar 27 2009, 10:27pm | Source: U.S. Retail Gasoline Prices | www.eia.doe.gov

Gas prices are high due to increased worldwide demand, supply interruptions, and geopolitical unrest. Thanks for asking ChaCha.

Mar 27 2009, 06:43pm | Source: Why gas prices have gone from 90 cents to $4 a gallon. - May. 20, 2008 | money.cnn.com

One of the most common reasons is supply and demand - we are using more oil and finding less of it. ChaCha On!!!

Mar 27 2009, 05:40pm | Source: Why gas prices have gone from 90 cents to $4 a gallon. - May. 20, 2008 | money.cnn.com