Want this question answered?
Yes, they do.
Persian Gulf countries used the oil industry to build prosperous economies. The Persian Gulf is located in Western Asia.
Persian Gulf
Oil and gas.
oil and natural gas
Major economic activities in the Persian Gulf and interior areas of the region include oil production, farming, and gas production.
They buy their fuel from U.S. refineries. They have no control over where the refineries purchase the crude oil that they ultimately sell as refined gasoline to the distributors.
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
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.
Petroleum is found naturally underground on planet Earth. However, you are able to buy it at most gas stations around the world.
Patriot Gas Stations
Valero