ROW! ROW! ROW YOUR BOATTT

$2.35. $2.29. $2.01. These are the prices we had been seeing at the pumps in California. So what is the big deal? Well it is a lot cheaper than the $3.80 we saw over the summer, but there is still a big increase since Christmas. I hate high gas prices because that means I have less money to spend, and that is the reason why I am writing about this article. I am very passionate about money. Who isn't? I hope that this blog post will help inform you on why the pumps fluctuate as much as it does.

So how come the prices of gas is rising yet Crude oil is selling for the low price of under $35 a barrel? That is because refineries across the United States and especially in California are pouring out less black commodity, partly because of maintenance work, mechanical glitches and the gradual conversion to summer blends of fuel. Also, oil from Texas and the Gulf of Mexico is unusually cheaper than the Middle East and South America, the United State companies are cutting back production in an effort to boost profits in a economy that is slowing demand. What does that all mean? To put it simply, a mixture of problems in the process of the production process and the greedy United States companies are causing refineries to crank out less oil and therefore with less supply means a higher in price. Greed in humans are the biggest cause of suffering in the world. It is certainly making my wallet suffer.