By allowing oil companies to drill for oil the President with the consent of congress can increase the supply of oil, thereby decreasing the price of oil and gasoline.
no.
Fluctuations in oil prices have a significant impact on the airline industry. When oil prices rise, airlines face higher operating costs, leading to increased ticket prices for passengers. Conversely, lower oil prices can result in lower operating costs and potentially lower ticket prices. Overall, oil price fluctuations can affect the profitability and financial stability of airlines.
No. Gas prices go up and down with how much the barrels of gas from the oil companies cost.
The best time to buy home heating oil is typically during the summer months when demand is lower and prices are usually lower as well.
The ticker for West Texas Intermediate (WTI) crude oil prices is CL. It is traded on the New York Mercantile Exchange (NYMEX) and is a key benchmark for oil prices in the United States. WTI is known for its lower sulfur content, making it a sweeter crude oil compared to other benchmarks.
I am sure he would like them to be lower. He has also said he would like the United States to be more energy independent as well as using more energy from wind and solar power. Unfortunately, while it is common to blame presidents for the high price of gas, whether under President Bush or President Obama, gas and oil prices often fluctuate, due to production overseas as well as economic conditions in world markets, high demand, oil-producing nations setting prices higher during periods of peak demand, etc.
Natural gas prices are generally determined based on supply and demand. Prices are also sometimes influenced by the price of other natural resources, such as crude oil.
If you mean the war with Iraq, this promise was not explicitly made, but I think it was generally understood that the US would benefit from lower oil prices from Iraq if Saddam was removed.
In 1970, the average price of gasoline in Canada was around 30 cents per liter. This was a time when fuel prices were significantly lower than today, largely due to different economic conditions and lower global oil prices. The oil crisis of the 1970s, however, would soon lead to dramatic increases in gas prices in the following years.
In June-July 2008, under President Bush, gas prices reached a high of $4.11 a gallon. By the time Barack Obama was elected in November, the prices had already begun to decline, such that a gallon of gas was $1.84 not long after Mr. Obama's inauguration. But this did not last. The cost of gas soon went up, and remained high for a while. However, as often happens, prices then began to decrease: depending on world supply and demand, they continued to fluctuate throughout the next several years. The same situation occurred under both Presidents Bush and Clinton, with prices trending drastically up, then coming down gradually.
I think oil prices will get even HIGHER as we use up that resource on the Earth. But now more and more hybrids are being made and sold that we may see a lower prics. So BUY A HYBRID!!!!!!
* He would cut our taxes * Help the middle class * Lower gas prices