If crude oil is down to $56 a barrel, why are gas prices going up?
2007-01-04 10:51:20 · 7 answers · asked by al f 2 in Social Science ➔ Economics
George Bush, Dick Cheney, and the Saudi royal family have not had their secret meeting to fix gasoline prices since crude declined in price. (There are also some 'cronies' who need to attend the meeting.) Something about being busy with services for Gerald Ford and the BCS Bowl games.
2007-01-04 14:29:46 · answer #1 · answered by sargon 3 · 0⤊ 0⤋
A barrel may cost $56 but how easy is it to get the barrel in the first place? Lack of supply to where it is needed.
2007-01-04 13:23:24 · answer #2 · answered by bizwiz 2 · 1⤊ 0⤋
you assume price of gas is solely dependent on current crude price. is that a valid assumption?
2007-01-04 10:56:25 · answer #3 · answered by Anonymous · 1⤊ 0⤋
government. The vulnerable greenback, this is government coverage now, is responsible for many individuals of the upward push interior the fee of gasoline. in the event that they shop on spending then we are able to proceed to pay further and added.
2016-11-26 19:34:33 · answer #4 · answered by ? 4 · 0⤊ 0⤋
The government took $2.3 TRILLION of taxpayers' money last year, and you complain about oil companies.
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2007-01-04 13:27:57 · answer #5 · answered by Zak 5 · 3⤊ 0⤋
They don't what to change their prices. They just want to profit and don't care about the people.
2007-01-04 10:58:49 · answer #6 · answered by ╦╩╔╩╦ O.J. ╔╩╦╠═ 6 · 0⤊ 1⤋
supply and demand probably
2007-01-04 10:57:04 · answer #7 · answered by Ginger P 2 · 1⤊ 0⤋