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Well gas comes from oil and America does not produce enough oil to support all the things that need gas in America. So America buys alot of its oil from foreign countries. Gas prices are going up because foreign countries are increasing the price and the amount of oil is going down.
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∙ 13y ago
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Why are gas prices going up everyday?
Because oil prices are going up so gas companies have to raise their prices so they can make a profit and not go bankrupt.
What are the factors of increasing of the petrol price?
Gas prices are set by a supply and demand system. If something happens that effects that system then the price can go up or down. Gas prices will go up in the United States when a Hurricane hits the gulf of Mexico coast and the Oil processing plants and Oil rigs have to close down. The demand for the oil/gas goes up and the supply goes down so the prices go up. In a situation like the Swine flu gas prices are going down because the demand is going down while the supply is going up. As the demand for gas/oil goes up the prices will follow.
How does dependency on oil affect gas prices?
Since there is a constant need for oil the people who sell the oil may raise the price on Oil to make profit in result it rases gas prices.
Can a mayor lower gas prices?
No. Gas prices go up and down with how much the barrels of gas from the oil companies cost.
Where can you get MOPS oil prices?
The MOPS oil prices can be found on the Platts website. It has current prices for oil, natural gas, and coal. The prices change on a regular basis and are constantly updated.
Why are gas prices going up everyday?
Because oil prices are going up so gas companies have to raise their prices so they can make a profit and not go bankrupt.
What are the factors of increasing of the petrol price?
Gas prices are set by a supply and demand system. If something happens that effects that system then the price can go up or down. Gas prices will go up in the United States when a Hurricane hits the gulf of Mexico coast and the Oil processing plants and Oil rigs have to close down. The demand for the oil/gas goes up and the supply goes down so the prices go up. In a situation like the Swine flu gas prices are going down because the demand is going down while the supply is going up. As the demand for gas/oil goes up the prices will follow.
When will gas prices start going down?
only time gas prices will go down, is when people stop buying gas, causing the oil companies,loss of revenue. could also go down if the usa oil companies stopped selling American oil to japan and china ,then we would not need to import oil from OPEC gas prices will never go down!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! so true gas prices will never go down!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Who influences gas prices?
Oil and natural gas companies.
Which is cheaper oil or gas?
It depends on the current market prices, but generally, gas is cheaper than oil.
Do gas prices depend on oil?
yes
How does dependency on oil affect gas prices?
Since there is a constant need for oil the people who sell the oil may raise the price on Oil to make profit in result it rases gas prices.
Can a mayor lower gas prices?
No. Gas prices go up and down with how much the barrels of gas from the oil companies cost.
Where can you get MOPS oil prices?
The MOPS oil prices can be found on the Platts website. It has current prices for oil, natural gas, and coal. The prices change on a regular basis and are constantly updated.
What will the gas prices be in 2014?
$3.91 will be the gas prices for 2014. due to the fact that we keep having oil spills.
Who is gaining from the rise in oil and gas prices?
the government
What does John MCcain think about oil and gas prices?
What does McCain think about gas, and how will he handle it
