where does gas come from?
2007-02-02 14:06:10 · 9 answers · asked by Anonymous in News & Events ➔ Current Events
iran is controlling the oil
2007-02-05 08:25:07 · answer #1 · answered by jerry 7 · 0⤊ 0⤋
Regardless of all the conspiracy theories already addressed, we need to look at the truth. Gas is one of many products refined from petroleum which comes from deep in the earth. Therefore it takes drilling, extracting, shipping, refining, and more shipping before it gets to your local gas station. Each of these steps has a price to run the business. Now, oil reserves are massive all over the world, even in the U.S., though we have very tight restrictions on where we can drill for oil at. However, what is tight is our ability to produce the refined products such as gasoline due to the restrictions on building refineries. So it ends up becoming an issue of supply and demand. The demand for petroleum products is going through the roof with countries like China and India becoming more modern and natural disasters restricting production that we do have. Therefore, price goes up.
Simple economics, if supply stays the same and demand goes up, price goes up. If demand falls or supply increases, prices drop.
2007-02-03 01:58:32 · answer #2 · answered by Wookie 3 · 0⤊ 0⤋
Gas prices are higher in certian states (California, New York, for example) because of stricter emissions laws. Gas prices are loosely based on oil prices, where when the price of crude oil goes up, gas prices go up, and vice-versa. Though the price flucuation goes up higher with higher prices for oil and goes down slower when prices drop.
2007-02-02 23:30:50 · answer #3 · answered by Kaotik29 4 · 0⤊ 0⤋
Cheney needs money for a new shotgun since his mommy took his last one away...
Or maybe it has something to do with why Exxon has the largest profit ever this last year..
2007-02-03 00:23:17 · answer #4 · answered by xyz 6 · 0⤊ 0⤋
to support that damn war! U wait,when all the troops come home,they will drop. Wait n see.
2007-02-02 22:09:12 · answer #5 · answered by Dragonflygirl 7 · 0⤊ 1⤋
I know, one day it drops a couple of pennies and the very next day it goes up 15 cents for no damn reason. Thanks GW.
2007-02-02 22:22:48 · answer #6 · answered by frigginhilarious 5 · 0⤊ 0⤋
It's only 1.95 here in Kentucky. Finally!!!
2007-02-02 22:13:44 · answer #7 · answered by Anonymous · 0⤊ 0⤋
well I pass a lot of it, but I have not seen any returns on my investment yet.
2007-02-03 02:45:23 · answer #8 · answered by Anonymous · 0⤊ 0⤋
the Arabs need their Mercedes, support the cause.
2007-02-02 22:11:24 · answer #9 · answered by shadows_burn 1 · 0⤊ 0⤋