2006-11-11 06:05:48 · 15 answers · asked by Country M 1 in News & Events ➔ Current Events
Because it is a far more complex equation than you think, and not all small fluctuations in the price of crude are readily apparent at the pump. You are forgetting about our woefully inadequate refining capabilities in this country, and a host of other issues which can throw off the supply/demand curve.
2006-11-11 06:10:17 · answer #1 · answered by Anonymous · 1⤊ 0⤋
It's because when the oil companies bought the gas that they have now it was the previous price (higher price). Chances are you won't see that much of a difference in price in the next couple of months. Also, if the gas station you're buying from is independently owned or franchised the price might change a bit more than one that's owned by their company. This is so because they are tryong to "make up" money they are claiming to have lost... Messed up right? :)
2006-11-11 06:16:40 · answer #2 · answered by hikra17 2 · 0⤊ 0⤋
The gas prices have been down for a few months now(compared to the $3 and over mark) but since the election they have started to go back up. Is this because the gov.and oil companies exec. have artificially kept the prices down to try and manipulate the elections? where I live they went up 7cents overnite.Two days later they went 3cents more.
2006-11-11 06:20:52 · answer #3 · answered by firewomen 7 · 0⤊ 0⤋
this is because of the fact whilst the oil businesses offered the gasoline that they have got now it grew to become into the previous value (greater value). probability is you will not see that lots of a distinction in value in the subsequent couple of months. additionally, if the gasoline station you're figuring out to purchase from is independently owned or franchised the value would desire to alter somewhat better than one which's owned by ability of their corporation. that's so because of the fact they are tryong to "make up" funds they are claiming to have lost... tousled good? :)
2016-10-21 22:10:28 · answer #4 · answered by templeman 4 · 0⤊ 0⤋
Oil prices have started to creep back up, over $61,
Thanks mostly to opec
2006-11-11 06:29:11 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I trhink that might depend on where you live. Here in houston gas prices are mostly down under $2.00 still
2006-11-11 06:08:03 · answer #6 · answered by Anonymous · 0⤊ 0⤋
gas prices are going down
2006-11-11 06:08:30 · answer #7 · answered by L 4 · 0⤊ 0⤋
Because OPEC is adjusting production and financial scales in response to the world supply and demand ratio which is determined by many factors.
2006-11-11 06:10:11 · answer #8 · answered by Anonymous · 0⤊ 0⤋
the proffits of the oil companies have been slipping badly during the election
2006-11-11 09:14:10 · answer #9 · answered by Anonymous · 0⤊ 0⤋
After election scam.
2006-11-11 06:08:13 · answer #10 · answered by bor_rabnud 6 · 0⤊ 1⤋