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Gasoline prices, at least in many parts of the world, have fallen recently because of the drop in demand. For example the economic slowdown in the US has led to less automobile travel, thus lowering the demand for gasoline. The refiners of gasoline lower their prices to try to encourage more consumption. Supply and demand, even though some fuzzy-headed economists deny it, is still a very powerful market force. In my opinion gas goes lower because of financial crisis in America and Europe as lot of factories reduced their production masively there became lot of free oil which nobody wanted to buy so OPEC lowered dayly limits of getting oil but as usuall it doesnt work Sry for bad english..:-)
Wiki User
∙ 15y ago
Wiki User
∙ 15y agoSupply and demand. Also crude oil is hovering around $40 a barrel from its high of about $147. You totally see the demand issue with diesel since it is still extremely expensive even though it is much lower on the refining process and cheaper to make. Demand is low because people don't have a lot of money due to the "credit crunch"
Wiki User
∙ 11y agoSupply is greater than demand.
I just wonder what you consider low. Gasoline prices in the United States have doubled since Mr. Obama took office in 2008.
Wiki User
∙ 15y agoWe started drilling offshore. People are driving less. Non-OPEC countries are producing more oil and the demand went down, so now the price is down.
Wiki User
∙ 15y agoBig oil company conscience?
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When will current stamp prices increase?
The price of stamps went to $.42 this past Monday.
What have crude oil prices been in the past 2-5 years?
Here are the average per-barrel prices for crude oil:2005: $50.282006: $59.692007: $66.522008: $94.042009: $56.39
How do current CD rates compare to those over the past 10 years?
The rates have gone down significantly over the past few years. Currently the only way to get a fairly decent rate is to place a very large sum into the CD. Also you will need to place your money in the account for at least 10 years to get more than 4%.
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Ab crunch equipment varies in price depending on the equipment that is purchased. Prices vary for home or business use. Prices may range from $300 up extending past $2300.
What is the Definition of Days of supply?
It is the number of days the current inventory can be sufficient calculated based on the latest past 4 weeks inventory consumption
Have prices of sports equipment gone down in the past 5 years?
No, they have remained about the same
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Due to massive agricultural equipment shortages in the past few years, the price of these machines has gone through the roof. There is no indication that the prices will come down any time soon.
Have Bentley prices gone up or down over the last 10 years?
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Shockingly, electricity prices have not sky rocketed tremendously in the last year like normal. Comparing electric prices can be tricky depending on where you live.
What is the meaning of the phrasal verb gone up?
Gone up is the past participle form of the phrasal verb go up.Go up has the literal meaning of rise = Prices go up every month. Prices have gone up 2% this month.Go up has the non literal meaning of burn = The building had gone up in flames before the fire truck arrived.
What is the past particle of go?
The past participle of "go" is "gone."
what is impact of interest rate on money supply?
in the past month weve gone down a lot
Is the word had gone a verb?
No, "had gone" is not a verb on its own. "Had" is the past participle of the verb "to have" and "gone" is the past participle of the verb "to go." Together, they form the past perfect tense of the verb phrase "had gone."
What is past particle for go?
The past participle for "go" is "gone."
What is the past participle for go?
The past participle for "go" is "gone."
Past participle for go?
The past participle for "go" is "gone."
What is the past participle of the word gone?
infinitive: go past: went past participle: gone
