what goes up must come down, What about fuel it just goes up WHY?

Answer 1

You're a nitwit, that's for sure.

Answer 2

This is just an illusion.Fuel is not going up,it`s because money is losing value. In everyone`s mind the fuel price is fixed at the moment they first start buying it and from then the cost is always compared to that price. In fact, petrol is a lot cheaper than in the past. Fifty years ago , the average wage would have bought 312 litres , but today the average weekly income buys 490 litres , so the pump price would need to reach £1. 54p to level. Also, VAT on cars is 60% lower than car tax was,unless the vehicle is bought by a company, then it is 100% less.

Answer 3

In 1973 the US struck a deal with OPEC to ensure oil would always be traded in US dollars. If you run a refinery in Singapore and want to buy oil from an OPEC nation, you must first convert your currency to $US. This creates demand for our currency.

As traded commodities, crude oil and fuel have prices that do go up and down in the short term. Unfortunately, stuff happens-

1) Demand for gasoline is always increasing, taxing available refinery capacity and increasing the price through natural market forces.
2) Environmental policies, corporate strategy and NIMBY politics all combine to restrict the creation of more refineries.
3) OPEC nations often cut supply in order to increase demand and the price of crude oil, increasing refinery operating costs.
4) The Federal Reserve often prints money to help offset the budget deficit, while manipulating the interest rate to head off recession and inflation. Inevitably, it takes more dollars to buy that barrel of crude, or gallon of gas.

Answer 4

even though the price per barrel goes down, the amount that we buy is not enough to quench the demand therefore, it is just a matter of supply and demand. I've got it, you want it, you pay for it.


Also,

My youth group is doing a contest. this weeks challenge is to see who's team can get the most people to leave a comment.

All i need you to do is go to web.man.com/ignite_youth

click on blog, click "read more" on the "heroes challenge" blog.
go to the bottom of the page and click "aad a comment"
leave a a message saying something simple like "turtles rule" or Green team."

if you could do this i would appreciate it.
thanx

Answer 5

Oi! Come on behave yourself! You know you are getting ripped of by the government. Have you not noticed that when the price of petrol goes down the government put more tax on it ( for global warming of course it is ) but when the price goes up they don't reduce fuel tax ( We are serious about global warming of course)

Answer 6

A dollar is less than a Euro. 5 Euros buy a gallon of gas in Europe. Therefore a gallon of gas in the US will be over 5 dollars.

Answer 7

Money is not controlled by gravity.

And inflation inflates not deflates.

Answer 8

Gravity has no effect on price.

Answer 9

I think its from the war? is that right....idk im just saying

Answer 10

because they can. that's the only reason.