Oil Company Greed Responsible for higher Gas Prices

In a sense this is right, but I would argue that this is good, not something to be upset about. If more people want gas than gas is available, what is the alternative? Low prices with long gas lines?

Polling Data

As you may know, gas prices have been rising over the last year and the average price of regular gas for your car is about $3.50 a gallon in some areas. Who or what do you think is the main reason for the higher gasoline prices these days: Is it the Bush administration, or the oil exporting countries, or the U.S. oil industry, or supply and demand, or environmental regulations, or is there another reason for the higher gasoline prices?


U.S. oil industry (gouging, greed, profits) 38%

Bush administration 21%

Supply and Demand (market forces) 12%

Oil exporting countries 10%

Environmental regulations 5%

Other 2%

No one / No one thing in particular 1%

All 7%

Don’t know 4%

Source: Bloomberg / Los Angeles Times
Methodology: Telephone interviews with 1,183 American adults, conducted from Jun. 7 to Jun. 10, 2007. Margin of error is 3 per cent.