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Oil is set by the oil cartels and the government. They have their own reasons, including greed to set the prices the way they do.
I agree because high prices traditionally cause an exppansion and industry and this brings an ending to the prices on manufactors and the prices of gasoline
Because no one wants to buy it due high prices.
the relationship demand has with prices is that when the demand for a product is high the prices go high as well, like gas and food....
The price will skyrocket, increase, go up.
The only demand that will become high when petrol prices rise is the demand for fuel-efficient cars.
Petrol contain a high number of components.
Well with the high prices today, it's cheaper to buy gas because it's cheaper than diesel. Diesel is most expensive.
Oil is set by the oil cartels and the government. They have their own reasons, including greed to set the prices the way they do.
Many use standard petrol, some use high octane petrol.
Petrol has a higher value of the heat of combustion.
During Bill Clinton's presidency, oil and petrol prices fell. The prices only started to rise during George Bush's presidency. The war and instability in Iraq caused tensions and an increase in fuel prices during Bush presidency.
Yes Now days they even charge more for kerosene than they do for ordinary unleaded gasoline or petrol if you prefer. Jet fuel is very similar to kerosene. You can use JP-5 in your jet engine or your diesel engine. --------------------------------------------------------------------------------------------------- Well i think it really depends on the geographical location. Petrol prices in Mumbai,India, as of Dec,2010, is Rs.60/Ltr and prices of Jet Fuel in Rs.47/Ltr. Fuel Prices are at an astronomical high figure and have increased at a steep rate and i guess the trend will continue.
Ms. Cope
Shelly Cope
oil in general is used i production of goods and services.. oil as in petrol oil can be used in manufacturing products and if oil price is high, cost of production would be on the increase so this will result in the increase in the price of that product.
what are your prices for high speed