2007-02-14 13:25:10 · 5 answers · asked by nageshwar 1 in Social Science ➔ Economics
Where do you live? I live in Canada, and gas prices have fallen 10 to 15% since last year. That roughly is equal to or grater than the price drop in crude oil.
Also, you are assuming that gas is the only product made from crude. In the winter they change a lot of the production to heating fuel. So if demand is high for that, they produce less gas so the price goes up. By mid spring gas prices go up as vacation car traffic goes up.
2007-02-14 14:04:49 · answer #1 · answered by JuanB 7 · 1⤊ 0⤋
You're not paying attention. Here, gas prices have fallen from (say for regular unleaded) $2.75 to $2.05 a gallon since last spring -- that's a 25% decline.
Meanwhile oil has fallen in that time from $75 to $58 a barrel. A decline of 23%. The price of gas has fallen MORE than the price of oil.
2007-02-14 22:12:43 · answer #2 · answered by KevinStud99 6 · 1⤊ 0⤋
In the winter if, The tempratures are very cold in the northeast. A large portion of crude oil is diverted to the manufacture of home heating oil. This is similar to kerosene and is used extensivly to heat homes in the new england area. this leaves less crude available for refining into gasoline and such. In a mild winter more crude would be used for gasoline. and the price would reflect it.
2007-02-14 22:11:24 · answer #3 · answered by sbay60@yahoo.com 2 · 0⤊ 0⤋
Sorry, these rocket high prices of oil are the causes of me...And those mother !##@!$ shall be paid for they ever did.... I promise....
2007-02-15 00:45:48 · answer #4 · answered by Anonymous · 0⤊ 0⤋
the car prices are so high because they want to make more money than they deserve. and no its spring.
2007-02-14 21:33:39 · answer #5 · answered by Simon 5 · 0⤊ 1⤋