I am going to fill up my tank... n what about you
2006-07-13 08:24:45 · 12 answers · asked by fireashes 4 in Politics & Government ➔ Civic Participation
i mean to say will israel crysis increase the rate of gas increase more?
2006-07-13 08:34:33 · update #1
Like people earlier stated, the price per barrel will rise regardless of what happens with the ongoing conflicts in Israel. Drivers are partly to blame. Demand is high right now; people keep buying the gas despite the soaring prices. That, coupled with global tensions in Iraq, Iran and North Korea, is adding to the increase in fuel costs. OPEC has not raised its prices or cut back on production, so the price of crude oil has not suddenly spiked. There seem to be no major problems in supply or production of refined fuel, either.
2006-07-13 08:43:52 · answer #1 · answered by spellfyre776 2 · 1⤊ 0⤋
I agree and Like "The Rebel,s" answer the best so far.
Prices will always fluctuate depending on what Arab Sheik farted, and which way the wind was blowing when he did.
Over time however prices will ALWAYS trend UP.
I see in the next 5-10 Years prices being $5-$10 a gallon, average.
(people didn't believe me when I said gas would be over $3 a gallon by 2005. I made that prediction in 2000. OK I was off by a year, but still close. lol
2006-07-13 22:58:05 · answer #2 · answered by space_man_stitch 6 · 0⤊ 0⤋
It may, but not because the oil supply or oil transpor or refining is directly affected by Israel's actions.
IIRC, there isn't any significant oil production happening in the Gaza Strip or in southern Lebanon, the two places that just intensified their conflicts. Additionally, the oil transpotation routes are not directly through that area, and most gasoline consumed by Americans is refined in America. Also, IIRC, the U.S.'s #1 import source for oil is Canada.
If gas prices are increased in synch with this Israeli conflict, IMHO it will have more to do with opportunistic oil companies or with skittish petroleum marketplaces that jump every time a bomb goes off in the Middle East.
2006-07-13 08:41:11 · answer #3 · answered by Dave of the Hill People 4 · 0⤊ 0⤋
oil has already risen in price. it's over $76/barrell which is a new record. get ready for a nice increase in the next couple of weeks for gas.
2006-07-13 08:30:10 · answer #4 · answered by bogoyatoo 3 · 0⤊ 0⤋
If a fly were to piss on an oil well in Saudi Arabia, Exxon Mobil would declare a crisis and oil would go up.
2006-07-13 10:44:41 · answer #5 · answered by Anonymous · 0⤊ 0⤋
They already have gone up. Just look at the latest news reels on oil barrel prices.
2006-07-13 08:29:40 · answer #6 · answered by OccumsRevelation 2 · 0⤊ 0⤋
ditto
the prices always rise
2006-07-13 08:28:36 · answer #7 · answered by mike c 5 · 0⤊ 0⤋
gas prices will rise no matter what.
2006-07-13 08:27:55 · answer #8 · answered by Anonymous · 0⤊ 0⤋
i think they will rise to atleast 3.50 before it is all said and done.
2006-07-13 08:28:35 · answer #9 · answered by jerm 1 · 0⤊ 0⤋
perhaps you can get answer from Bernanke.
http://www.bernanke.cn
Good Luck!
2006-07-13 08:28:21 · answer #10 · answered by firefox_better 1 · 0⤊ 0⤋