The gas companies see that there is an increase coming in their next purchases of crude oil and they are building capital in advance to make those purchases. In the United States, gas stations can change their prices only once a day. (On interstates, it's just once a week.) Stations would probably change their prices even sooner than the next day if they were allowed to legally.
This is the price of crude oil. The amounts will vary depending on the supply and demand that is placed on the oil.
There are many factors that help determine the the price of gas. Taxes, refining costs, marketing, redistribution and the crude oil cost, which make up about two-thirds of the price.
Because its expensive to build power stations and transport but once people use crude oil less then it will go down because money would go into natural gas production instead of crude oil
Gas is extremely expensive and the gas rates continue to rise by the day. The US gets millions a day related to taxes on gas.
If the price of gas keeps going up like it has been these past few months, that means one thing: we are running out of gas and demand will rise.
This is the price of crude oil. The amounts will vary depending on the supply and demand that is placed on the oil.
Brent Crude 101.4 +0.16 Murban Crude 102.2 +0.68 Natural Gas 9.297 -0.033 Gasoline •1 day 2.810
In December 2009, the price of crude oil was $70.53 per barrel.
When gas prices rise, other products soon follow. This is a sign of inflation, where the general value of money decreases and prices rise.
There are many factors that help determine the the price of gas. Taxes, refining costs, marketing, redistribution and the crude oil cost, which make up about two-thirds of the price.
Gas is extremely expensive and the gas rates continue to rise by the day. The US gets millions a day related to taxes on gas.
Because its expensive to build power stations and transport but once people use crude oil less then it will go down because money would go into natural gas production instead of crude oil
because crude oil and gas are cleaner to burn
If the price of gas keeps going up like it has been these past few months, that means one thing: we are running out of gas and demand will rise.
Crude Oil is a liquid.
Crude Oil is a liquid.
Gas prices have seen record lows these last few months. This is because the price and demand for crude oil has significantly dropped. According to sources, current gas prices reflect the prices back in 1995.