2007-02-13 10:08:53 · 6 answers · asked by Anonymous in Social Science ➔ Economics
A better question would be---Why are the oil companies making record profits? The answer to that will give you the answer to your question.
2007-02-13 10:18:47 · answer #1 · answered by Dick G 2 · 0⤊ 0⤋
In the last 30 days, the price of oil has gone from $53 to $58 a barrel. In the same time period, the average price of a US gallon of gas has gone from $2.23 to $2.23 today (no change after dipping to $2.14 in mid-January). The better question is, why haven't gas prices gone back up faster in proportion to oil prices?
2007-02-13 10:36:35 · answer #2 · answered by Memo Erdes 3 · 0⤊ 0⤋
This is about in line with past prices: In 2005, the price of crude oil averaged $50.23 per barrel, and the average price of gasoline was $2.27.
Of course, there are also differences in gas taxes, which make up 20 percent of the price, and vary wildly across states.
http://www.eia.doe.gov/pub/oil_gas/petroleum/analysis_publications/primer_on_gasoline_prices/html/petbro.html
2007-02-13 10:37:32 · answer #3 · answered by Allan 6 · 0⤊ 0⤋
I paid 3.07 yesterday and i see oil is still barely above 50. What can we consumers do to expose the ciorruption and thievery?
2015-02-20 07:51:53 · answer #4 · answered by 1 1 · 0⤊ 0⤋
Bush is an oil man. Enough said.
2007-02-13 13:22:47 · answer #5 · answered by sexmagnet 6 · 0⤊ 0⤋
I haven't paid over $2 / gallon in over a month.
.
2007-02-13 10:53:55 · answer #6 · answered by Zak 5 · 0⤊ 0⤋