2006-08-21 14:44:59 · 23 answers · asked by eurofriend 1 in Politics & Government ➔ Politics
any thing that goes on will raise the gas prices.
2006-08-21 14:49:42 · answer #1 · answered by ? 1 · 1⤊ 1⤋
Higher gas prices don't have anything to do with the war in Lebanon, but higher oil prices do, and since gas is made from oil, it could have an effect that way. But oil prices fluctuate everyday while gas prices change a bit more slowly. So just because oil shoots up in price for a week doesn't mean gas prices will go up. But if oil prices are on an upward trend, then gas prices will eventually follow them up.
The war in Lebanon makes oil prices change because Lebanon is in the Middle East where the oil comes from and so the buyers of oil are worried about supplies being disrupted. A war in Africa would not affect oil prices.
2006-08-21 21:54:58 · answer #2 · answered by Doctor Hand 4 · 0⤊ 0⤋
Funny you should as this question. Some agrue that because the Americans are still in Iraq is the reason, some agrue that oil companies simply just use current world issues as an excuse to raise the price, when there is no link between the too. I guess its anyone's best guess. I have never seen any proof of either, so take it with a grain of salt or not.
Personally my brother-in-law works on the oil riggs off the coast, and he once told me that they have enough gas stored to supply the east coast for an entire year, without needing more oil. And I have a friend who owns a gas station and he said that when they get fuel in the tanks and gas goes up, he said technically the gas price should stay the same until he gets more fuel that was paid for with the higher price. (Basically Gauging.)
2006-08-21 21:59:07 · answer #3 · answered by Anonymous · 0⤊ 0⤋
War in Lebanon has intensified lately but the price of gas has gone down. Not due to the war but because summer will soon be over.
We are pay more than twice as much for gas right now due to the war in Iraq. These prices are stable now that George Bush's buds in Texas are all pumping it out of the ground at full tilt. So much so that even the brake in the Alaska pipe line has caused no price surge.
Price of gas will continue to clime from now on. As China becomes richer with their new smaller families there will be a staggering demand for that go juice for all their new cars.
2006-08-21 22:08:16 · answer #4 · answered by ĴΩŋ 5 · 0⤊ 0⤋
Neither Lebanon nor Israel produce any petroleum. The price we pay at the pump today is for a product that was pumped out of the ground several weeks or even months ago.
Prices rise and fall according to speculation from investors trying to make a quick buck on oil. Essentially a form of gambling. Short term changes are the result of speculation. Long term steady increases in petroleum product prices are the result of increasing global demand and decreasing global oil output.
We have aleady exploited all the large easy oil reserves. As demand continues to increase the readily available supply will decrease. Eventually the worlds economy will implode resulting in mass hysteria and its associated unrest. If we do not find an adequate substitute for oil in the near future we will experience chaos on a scale seldom imagined very soon.
2006-08-21 21:53:51 · answer #5 · answered by thexrayboy 3 · 1⤊ 0⤋
Profiteering has more to do with the sudden rise in prices that the war right now. The Gas companies are charging the higher price for gas that is already in the stations tanks that was bought at the lower price.
We will have to see what happens to crude prices after the war is over.
But there is only so much crude oil in the ground that's easy to get at. so sooner or later the price of gas will go up as it gets harder to find and more expensive to drill for.
The worlds military use up most of the available gas with their equipment that gets low gas mileage and all the practice runs with aircraft, and vehicles, and ships.
2006-08-21 22:10:46 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Gas prices, at least in GA, have dropped like $0.20 a gallon over the past month or so.
And yes, the conflicts in the Middle East do cause crude oil prices to fluctuate but the biggest influence is China and India. Supply and demand folks, they're using a lot more oil than they used to and those two countries make up 1/3 of the world's population.
2006-08-21 21:52:06 · answer #7 · answered by steveb106 5 · 1⤊ 0⤋
Because it's located in the Middle East, I heard something about it being a tad unstable there now. But actually gas prices have gone down here about 12 cents a gal.
2006-08-21 21:57:15 · answer #8 · answered by Mr.Wise 6 · 0⤊ 0⤋
Because it makes people more willing to pay higher prices. The oil companies don't set the prices, oil products are bid on in an auction process in a commodity market. When there's a war or something, it makes those who buy oil willing to pay higher prices in order to secure their future oil deliveries.
2006-08-21 21:54:39 · answer #9 · answered by Charles D 5 · 1⤊ 0⤋
Western society follows capitalist principles. This means if the oil companies can rip you off, they are allowed to.
So if you are willing to pay more for gasoline because of something you see on the news, the price goes up.
The only places this doesnt happen are in government controlled economies like Venezuela or Saudi Arabia, and surely good democtratic folks would rather have capitalism and democracy and get ripped off in order to make CEO's richer.
2006-08-21 21:52:31 · answer #10 · answered by Anonymous · 1⤊ 1⤋
Nothing, or very little.
Gas prices have been fairly constant (within a few cents per gallon) for over the past month, since before the recent conflict in Lebanon began.
2006-08-21 21:53:04 · answer #11 · answered by coragryph 7 · 0⤊ 3⤋