Within the last few years, gas prices have been going up and ripping people off. Why are gas prices going up so much lately?

Oil companies are unable to keep up with the demand for oil, and it might be because Asian and European refineries have no plan to ramp up production.

The high prices also might be because the cost of refineries is higher than the crude oil itself it’s harder to get the oil.

Oil is in such high demand that by the end of next year it will surpass pre-pandemic levels.

The oil market demand is predicted to increase by 5.4 million barrels per day this year, and next year it’s said to increase an additional 3.1 million barrels to an average of 99.5 million barrels per day.

So how much is oil from a pump going to cost now? Some experts say that it’s going to cost around seven dollars soon.

For people whose cars need a lot of gas that will be very expensive.

Putting it plainly, people are going to need to use electric cars because oil is getting way too expensive.

But it turns out that Japan is one of the few countries with refining capacity to spare.

Within the last two months, Japan has increased its oil production rates by 40 percent.

Mexico has some spare capacity along with China; However, it is tightly controlled by the Chinese government.

Saying it lightly, these guys need to start sharing since the US needs oil now more than ever.