0
Yes, even though there is still a lot of oil, production and refining capacity is limited (or artificially restricted), and demand is up both in the US and worldwide. So the price of oil, and the gasoline made from it, is likely to continue to increase.
An increase in production could drop prices somewhat, as they have in the past after sharp rises. However, the long-term solution is to provide alternative energy sources, and thereby reduce demand.
What else can I help you with?
Why has the gas prices gone up and do you think its fair if it keeps going up?
= Why has the gas prices gone up and do you think its fair if it keeps going up? =
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.
Why is the price of milk going up?
Because when gas prices go up, food prices also go up.
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 did gas prices start going up?
When Natural Disasters occur in an area where they have refineries
What does foreign oil have to do with gas prices going up?
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.
Why are many cars today designed to get better gas mileage than in those in the past?
Because gas prices are going up...
Is the president going to change the gas prices?
Since when did the president control the gas prices? The President can't control the gas prices. The only way the gas prices will go down is when gas companies can buy the gas for less.
What does Mitt Romney think about gas prices?
He thinks they are to high to so he is going to lower the prices of gas
What rules or laws are Americans concerned about today?
Gas prices going up and bein in dept with other countries
When are the gas prices in Canada going to get lower?
now
How is obama going to lower gas prices?
He wont.
