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Gas prices are so low now because the cost of oil has dropped around 40%. So that has been passed on the consumer. The countries that have a lot of oil for some reason haven't been able to keep prices of crude oil high as they once did (OPEC). Also the US is getting a lot of oil from Canada and is also producing more for itself. You can not ignore the impact or renewables either.
What else can I help you with?
How much do they pay for gasoline in Russia?
Right now, gasoline prices are fairly close to American prices -- there are fewer taxes on gas in Russia, but America has better distribution -- right now, it is about 90 cents a liter, which is about $3.50 per gallon. Russian gasoline tends to be much cheaper than Western European gasoline prices.
gasoline prices?
how much is gas prices
What are the pros and cons of low gasoline prices?
This is mainly a bad thing for both the environment and the economy; low prices = more pollution, and it also is slowing down innovation in the new field of both cheaper and better sources of energy!
How do gasoline prices compare to oil prices currently?
Gasoline prices are typically higher than oil prices because gasoline is a refined product of crude oil and includes additional costs such as refining, transportation, and taxes. The prices of gasoline and oil are influenced by different factors, so they do not always move in sync.
How much do higher gasoline prices contribute to inflation?
It's the contrary, inflation contributes to higher gasoline prices. But not so much as everybody thinks. The major cause for increasing gasoline prices is the resource. Less resource for higher demand, higher prices
What is the likely effect of this high demand on gasoline prices?
The Price of the gasoline with increase : D
What is likely effects of this high demand on gasoline prices?
The Price of the gasoline with increase : D
Why did Dodge get rid of the Magnum?
It has problems with gasoline and prices. It was axed in 2008 by the Dodge Journey.
Now that gasoline is down to below 1.50 per gal why is diesel fuel still so high?
Gasoline supplies ended up being much higher than expected, due to the recession (or depression, depending on who you ask). So the typical forecast for gasoline usage was wrong, resulting in too much gasoline produced. The overshoot caused prices to drop. Diesel was not overshot like that and actually had been a bit low on production for a little while, so prices on diesel would remain up, until supply caught up and brought the price into line.
Why is gasoline so expensive?
gasoline is running low in the world
What was Philippine gasoline prices in 1977?
90 centavos.
What were the New jersey gasoline prices in 1994?
$1.19
