With the sniff of an arab looking at another arab in the wrong way in the Middle East, They shove 10p (18c) on a litre of fuel? The Tension drops but the prices stay high for months after?? Is this another case of profiteering by the oil companies?
2006-09-25 20:52:14 · 10 answers · asked by Deanlad 2 in Cars & Transportation ➔ Other - Cars & Transportation
It fluctuates now with the stock market.
When gasoline (Petrol) drops, stock market goes up.
When gasoline heads up again, stock market drops.
These two things got linked together recently, and I believe they will stay that way until the last drop of gasoline comes out of the good earth.
What causes gasoline to drop recently like it has?
Several important factors at play.
The anticipated huricane season came and went like a whimper as compared to 2005.
The tensions in the middle east have subsided for the most part, except for the Iraq and Afhganistan conflicts going on. These events are becoming routine now, but if they were new, it would affect the price of gasoline.
The problems with BP and the pipeline weren't as severe as expected.
Basically, it comes down to pyschology rather than the supply/demand factor. That's also what governs the stock market as well.
The psychology of the masses determines how each performs.
2006-09-25 21:05:43 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The demand for oil is increasing and production is decreasing. Some oilfields are not available for western world, like Iran. Some mayor oilfields in Russia and Africa are being develloped at the moment but the flow of oil is not sufficient to meet our needs. At the moment some companies like Exxon are develloping huge oilfields in Africa which are so called deep water fields. These developments take a huge investment and a lot of time.
Companies are working on new technoligies to find new means of oil production, like the oilsand fields in Canada or the high pressure oil coming from coles in South-Africa. Those means are very expensive but high oilprices are giving the companies an opportunity to explore these new ways of oil refinery.
As soon as our demand for crude oil decreases, the price of oil will drop. That means that we have to invest in so called renewables (sun power, wind and water). Nice side effect is less CO in the air and a better environment for mankind
2006-09-25 21:09:03 · answer #2 · answered by vineto 2 · 0⤊ 0⤋
I now that is an previous post, yet i could no longer help myself. furnish and demand? Now that is humorous. while OPEC controls factors it manipulates the industry. enable's say the call for is one hundred barrels, yet opec in easy terms releases 50. Is that furnish and demand? that is industry manipulation forcing up expenditures with the aid of fact they do no longer meet the call for on objective. furnish and demand may well be like me having an orange tree with 2 hundred oranges and that i've got 250 clientele. OPECs way is purely asserting they have a hundred twenty five oranges, even nevertheless they have 2 hundred, consequently forcing fees even bigger. that is why they use to have controlled expenditures in the previous 2005. They capped the barrel at around $25-$29. What befell while they lifted the cap? $one hundred forty four a barrel, consequently $4 a gallon gasoline.
2016-10-17 23:59:50 · answer #3 · answered by ? 4 · 0⤊ 0⤋
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2017-02-15 06:43:37 · answer #4 · answered by ? 4 · 0⤊ 0⤋
It sure is, I read the other day, that the oil company was profiting $3000 dollars every half hour. That doesn't mean making money, that is take home! They are ripping us off!
2006-09-25 21:01:19 · answer #5 · answered by Anonymous · 1⤊ 0⤋
it all comes down to how much it costs for a barrel of Oil.....
at the moment in the UK though there seems to be a price war going on between the supermartket pertol stations and Shell/Esso etc
2006-09-25 20:55:36 · answer #6 · answered by sue140770 3 · 0⤊ 0⤋
I just read an article on this very subject. It's all politics and it is about
control. Wait till an election time comes around so many positive
things will happen, it's all political B.S. just the same.
2006-09-25 21:07:52 · answer #7 · answered by Ammy 6 · 0⤊ 0⤋
because fuel prices are basically run by the futures price of oil....
2006-09-25 21:00:26 · answer #8 · answered by pro_steering_wheel_holder 4 · 0⤊ 0⤋
not sure what rock you have been living under..it''s called a fricking War!
2006-09-25 21:00:32 · answer #9 · answered by Roxy 5 · 0⤊ 0⤋
It's a rip off and we are slaves!!!
2006-09-25 21:05:49 · answer #10 · answered by want2wild 5 · 0⤊ 0⤋