During summer its the excuse that people are going on vacation more and driving around and using more fuel. Yet, during the summer the price actually drops! Now they are going back up again. What do you think the deal is on this one?
2007-11-15 15:54:50 · 11 answers · asked by Pen 5 in News & Events ➔ Current Events
"Whatever the market will bear."
2007-11-15 19:20:36 · answer #1 · answered by The First Dragon 7 · 1⤊ 0⤋
Incrasing through call for matters, besides as unrest in Iran and Nigeria. That, and there is particularly some hypothesis happening interior the oil industry. combating the will develop will in basic terms ensue if the situations listed above are remedied. decreased call for could be a key. precisely what responsibilities could desire to the government carry out right here? One good one can be reducing taxes on gasoline, yet it particularly is barely part of the value. the matters of the conflict in Iraq and gasoline expenditures is a vulnerable correlation at superb. plenty greater to do with Iran.
2016-10-02 11:31:40 · answer #2 · answered by gammons 4 · 0⤊ 0⤋
The WORLD's demand for Oil- continues to rise. In China & India especially- More and MORE people are owning cars that use gas that INCREASE the demand for Oil... However, the World's Supply of Oil- is staying just about the same... So the Increasing DEMAND- is driving up the Price of the Supply. And with NO END of this increasing Demand in sight- the price of gas WILL CONTINUE to rise (in "fits & starts") until WE begin using LESS of it & drive the Demand DOWN... So get used to it. Gas is probably going to go up a $1. a YEAR- from now on (or until it starts going up $1.50 a Year... :( ...)...
2007-11-15 16:24:41 · answer #3 · answered by Joseph, II 7 · 0⤊ 2⤋
Gouging and some places the winter blend does cost more. I have a better question. Oil goes up today and when the gas station opens in the morning his price on the gas thats been in his tanks since the day before goes up. Oil goes down, you dont see it at the station for at least 2 weeks.
2007-11-15 16:06:30 · answer #4 · answered by ez123ed 4 · 3⤊ 0⤋
The politicians need more money for their Christmas gift list. The easiest way to get it is to let big oil have it's way with the taxpayers once again so the holiday presents to the politicians will be bigger. Don't feel bad this is not the only country that is controlled by special interest groups.
2007-11-15 16:17:09 · answer #5 · answered by mr conservative 5 · 2⤊ 0⤋
They refuse to use the refineries to capacity,and or build new ones although they have received tax subsidies to support doing so! George permits the oil industries to get away with this nonsense every time! He also looks away when they continue to pollute and they're never fined! He is in charge of each of the federal regulatory agencies yet none of them regulate anything anymore! This is what republicans do and it has to stop!
2007-11-15 22:17:28 · answer #6 · answered by Anonymous · 0⤊ 0⤋
The supply remains the same but the demand increases.
For those of you who don't follow the financial pages. It is NOT because of a shortage of oil. The middle east countries limit the amount of oil they sell to keep the price artificially high.
2007-11-15 21:41:47 · answer #7 · answered by bill j 6 · 0⤊ 1⤋
People travel during holidays. More people on the road, if that's even possible, more gas consumption. Greed, greed, greed.
2007-11-16 07:02:11 · answer #8 · answered by lilith663 6 · 0⤊ 0⤋
they know we will pay the price. and its obvious our politicians don't give a dam, all their gas is paid for by us, out of our pockets, in the form of taxes, so its just the working stiff's that have to absorb the price
2007-11-15 16:06:54 · answer #9 · answered by poopsie 5 · 2⤊ 0⤋
You have no choice but to drive your car thus increase demand. Demand up/ Price up.
2007-11-15 16:02:16 · answer #10 · answered by h8gwb 3 · 1⤊ 2⤋
Supply and demand (economics 101).
2007-11-15 16:02:30 · answer #11 · answered by Doctor J 7 · 0⤊ 2⤋