2006-09-26 11:52:59 · 13 answers · asked by Anonymous in News & Events ➔ Other - News & Events
The answer is so simple, it is, in fact, a law. The law of supply and demand allows no exceptions. China, India and the US are booming, oil supply is stable, demand outstrips supply and the price goes up. Even worse, the Palestinians invaded Israel, killed a few soldiers and kidnapped another, then the Lebanese did the same. Regional tensions peaked, war followed, and we paid an extra bit for the risk that the oil brokers were taking that oil would get even more sought after before delivery of the oil that is currently in the ships. BP then had to stop pumping oil from Alaska due to faulty pipes and things got worse. The war ends, BP is allowed to open their pipeline back up and the supply outstrips the demand, leading to a slight glut of oil on the market.
Prices drop, and OPEC starts talking about reducing the supply of oil, which will lead to gasoline prices increasing in a few months. Probably just about the end of the year which will lead to people who don't know what they are talking about to claim that it is a big bad plot on the part of somebody they don't like.
2006-09-26 12:27:24 · answer #1 · answered by Zivien 3 · 1⤊ 0⤋
Oil has fallen because of provide and demand. and that i'm no longer a Bushbot. There are merely as many automobiles on the line, yet through dieing monetary device vast businesses arent making as a lot product as they were. So a lot less oil is getting used. Why are they larger than they should be? nicely I dont comprehend. Oil in line with barrel is 1/2 what it changed into even as gas changed into 4 greenbacks a gallon plus, so we ought to continuously be paying about 2 greenbacks. they merely comprehend how a lot nicely pay i wager. Wanna insurrection? i visit.
2016-12-02 03:15:48 · answer #2 · answered by ? 3 · 0⤊ 0⤋
The real reason is because first of all, gas goes up in the summer because we drive more. Also because we haven't had any hurricanes go through the gulf this year and they are able to finally fix the oil drills in the gulf from Katrina. They hadn't had them fixed yet. They are also getting ready to start drilling in Canada for oil soon. So that will help.
2006-09-26 12:02:37 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Dick Cheney is on vacation and hasn't been checking in lately...?
The stock options for fuel have fallen. It is always and always will be the stock market that predominately dictates the price of fuel in this country. That and it's election time again. They'll stab us in the head again after YOU all vote in the next crook... Probably either Jeb or Hilary...
UGH, I do believe I just got sick....
2006-09-26 12:01:16 · answer #4 · answered by Anonymous · 0⤊ 0⤋
In the UK, it's because of a price-war.
Lead by the major supermarkets, who wish to remove all the littlemen franchisees then put prices high again.
2006-09-26 12:53:00 · answer #5 · answered by Anonymous · 0⤊ 0⤋
It is beacuse the economy is heading for a recession in first quarter 2007. prices have reached thier peak and inflation will kick up.
2006-09-26 12:35:54 · answer #6 · answered by cone_head 1 · 0⤊ 0⤋
I agree with the first person, I think it is a scam during the summer when gas purchases are at a high when every one is travelling and such.
2006-09-26 12:01:12 · answer #7 · answered by timberleigh 4 · 0⤊ 1⤋
Because they want to.
Supply and Demand. if we stop buying it the prices will drop .
After the summer there's less demand because there's less traveling.
2006-09-26 12:01:23 · answer #8 · answered by Anonymous · 0⤊ 0⤋
i think it's because they like to jack the prices in the summer when people want to go on vacation so they can make more money.
i hate the government....
2006-09-26 11:55:02 · answer #9 · answered by Anonymous · 0⤊ 1⤋
Because its mid term election time,they will go back up after they have been decided.
2006-09-26 11:59:30 · answer #10 · answered by Yakuza 7 · 0⤊ 1⤋