Who is reponsible for the increasing in the price of petrol?

Answer 1

Al Gore

Answer 2

The Price of Petrol Rises usually when a war start so a lot of people buy petrol (more then the people that sell) and the price keeps rising till their is equal buyers and sellers.

Or, the people that use petrol for electricity and gas ... but that only gives a slight increase of price

Answer 3

There are several factors involved here. First the tax rates imposed by the government (national, state and even local)...they maintain a strategic supply but we pay for it...then cost of transportation...as the cost of petrol increases, so do operating costs. Another factor is the element of danger...if men risk their lives, they want to be well paid...would you work in the North Sea with pounding waves and severe storms...or be shot at by snipers or guerillas in the Middle East or face Typhoon winds in the Pacific for minimum wages. The cost of a single oil platform would bankrupt many cities, plus we have continuous environmental inspections, re-training, administration, health costs, housing and a single helicopter to service the platforms is very expensive...a million dollars or so...It takes a long time to locate and substantiate an oil/gas field...using test bores but also sophisticated technology and angular drilling....that's not cheap and then we have to buy rights to drill and pay for the oil metered at the well-head.....losts of costs you don't see...but will the price drop....unlikely!

Answer 4

Demand. If on compares the price of a car in the early 70's & the cost to fill it the price of energy hasn't kept up with inflation. The reason it hasn't is because we have found ways to use the waste products to create other sellable items. These items subsidize the cost of fuel.

We need to do the same with Renewable Energy since it will never be able to directly compete with the energy that made it. The utilities aren't dumb. If it made economic sence after the California energy crisis all of the new power plants would have been based on renewable energy

Answer 5

All consumers of petrol (gas) and other oil products - we're willing to pay more so the price goes up. That's free market economics! One day we just won't want it any more, and it'll be worthless. As a philosophical oil sheikh said, the stone age didn't end because people ran out of stones.

Answer 6

essentially the companies themselves. When any type of problem that directly or indirectly affects production or can be implied to reduce production they increase prices. They increase them to a new high level. then they drop it by about 20% even though it's still about 20% higher than it was before the higher increase, yes the slight drop is portrayed as a good thing by the media and PR firms. The public buys it and the government does not investigate. We also have to look at vehicle manufacturers who have not invested much research in vehicles that run on other sources of fuel.

Answer 7

His name is Peter Petrollio and he works for the American Oil Enterprises or the AOE for short which also stands for All Oil Expensive. This group is responsible for the increasing oil prices and for giving Peter Petrollio such a cushy job.

Answer 8

Everyone who uses energy! That is why it is called supply and demand. As long as the demand is larger than the supply the price will keep going higher. The next big thing will be water.

Answer 9

The greedy @$$es on wall street bidding up the cost of "oil futures" for starters!
Also this country giving in to the Environmentalist Movement, Global Warming Movement.....We could have been drilling & supplying our own oil from our own natural resourses!!!!!!!!
Instead we pay out our B-hinds for oil from greedy Arabs who use the $$ to fund terrorists!!!!
We need to pull our heads out of the @$$es of the Enviro. Global warming Gooroos & tell them to go fly a kite!!
Drilling for our own oil would disrupt the Environment far less than putting up another d@mn wal-mart!!!!!

Answer 10

We are getting ripped off by our Government, oil companies and the Middle East. If there is oil over there then there is oil here. I think they should drill here and tell the Middle East to kiss our ***. As far as the oil companies, they should be ashamed of themselves,but they aren't They would take your last dime if they could!! Thanks

Answer 11

well lets look at it take half of the price of gas and that is taxes. other parts is the cost to refine the oil/ship. The other part if there is state tax. ExxonMobil only makes 8 cents on the dollar. THis really isn't much.