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What else can I help you with?
Why is oil money increasing?
the price of oil is increasing because there is lacking of oil in countries so the country you stay is importing oil that is why the money is increasing.
What is the current platts price for automotive gas oil?
This is the price of crude oil. The amounts will vary depending on the supply and demand that is placed on the oil.
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 natural gas price are increasing?
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
Is the oil and gas drilling industry growing?
It generally depends on the price of oil and natural gas. When the price of oil/gas gets high, drilling for oil/gas generally increases thereafter. Oil and gas drilling has been growing in areas such as the northeast United States because of new discoveries and technology regarding shale gas.
Why is the price of gas rising?
oil company GREED
How does oil central heating compare to gas central heating?
Oil central heating tends to be more expensive when compared to gas central heating as the price for heating oil tends to be higher when compared to natural gas. The price of heating oil also tends to be more volatile than natural gas.
How do new cars affect the price of gas?
If the reason for the price of gas increasing is shortage of supply, then making new cars with smaller engines might be a good idea
What was the price of gas the last time oil was 70 a barrel?
In December 2009, the price of crude oil was $70.53 per barrel.
Why are gas prices rising when oil is falling?
There is no logical answer to this question. Gas at my local Arco was $1.55 when oil was $45 a barrel. Now oil is $36.00 a barrel and gas has risen to $1.99. This is a clear case of price fixing and manipulation. The oil companies are hoping we are so happy with sub $4.00 gas that we wont notice the sneaky ratching up the the price when it should be falling. Based on my calculations gas should now be $1.24 a gallon or 34.45% of the price of a barrel of oil.
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.
