0
Why is diesel fuel going up in price as gasoline price is going down?
Wiki User
∙ 11y ago
fair market and they can get way with it. simple
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What would happen to the price of gasoline if you all stopped buying it?
Ummm, I'm pretty sure it would go down. Buying it would make it go up.
What is right Marked down price or mark down price?
marked down price marked down price
How standard of living affects the elasticity of demand?
This is a homework question -- but it's an interesting one that's worth thinking about.The elasticity of demand is the rate at which the quantity demanded changes when the price increases or decreases. It's affected by a number of things, most notably the degree to which the item in question has substitutes, or is "essential" or merely "luxurious". For example, most people will still purchase almost the same amount of gasoline whether the price goes up or down 25%. The demand for gasoline is fairly INELASTIC, because gasoline is fairly essential, with few good substitutes.Now comes your question about "standard of living": in a word, would you buy -- compared with a rich person -- a much different amount of gasoline than you did before, if the price changed by 25% (and you're poor)? If you're poor, your purchases of gasoline are already cut to the bone, aren't they? So an increase of 25% in price might just force you to accept no gasoline, even if you really need it, whereas a rich person wouldn't notice the price increase. In this case, the poor person's elasticity of demand is GREATER for being poor. It also works in reverse. If now the price of gasoline goes DOWN by 25%, the poor person might find himself able to afford gasoline again, and so increases his quantity of gasoline purchased. Contrariwise, the rich person wouldn't notice the change.
When are gas prices going down below 4gallon?
The price of gas has gone down because demand for it is down, primarily because of a huge decline in the economy. -k1
Why is gas price high when barrel of oil is down?
I have included several links, which show an inexact relationship between gasoline price and oil price. There are other variables like crude oil inventories at play, so an exact relationship does not exist. If the data is smoothed over a 4 week period, a linear relationship presents itself. See related links.
Are there any signs showing that the cost of diesel cars is going to go down and become more affordable for the average "Joe"?
There are no current signs that the price of diesel fuel is going to decrease in the current year. In fact, the current national average for diesel fuel has gone up .61 since this time last year. The price is expected to increase or fluctuate throughout the remainder of the year. To track the cost of diesel fuel and gasoline nationally, or in your area, visit http://www.eia.doe.gov/oog/info/gdu/gasdiesel.asp.
Why is the stock market going down?
hey there i know stock marketis going down and the main reason behind it is inflation and the price hikes in petrol and diesel mainly and other also contribute to it.....but there is going to be a correction soon.
What happens if your car breaks down because you put petrol into your diesel car?
Gasoline in a Diesel vehicle will do some serious damage to the engine.
Why isn't the price of petrol going down?
uganda's price is going down
How long does it take for your car to break down if you put diesel in it?
If it is a car that has a diesel engine, it won't break down...But if the car has a gasoline engine, you risk causing a lot of damage if you put diesel fuel into the tank instead of gasoline (aka gas or petrol) fuel... If that is what you were asking about, please see the answers to the Related Questions shown below.
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.
Can gasoline be stored in a new diesel can?
No, you never, ever, store gasoline in a diesel can under any circumstances. Good way to cause someone to ruin a diesel engine if they used this fuel or someone to get badly burned using this to start a fire thinking it was diesel fuel. Only a utter fool would do this.
Why has the price of diesel fuel risen faster than regular gas?
Diesel fuel is very much more complex fuel compared to gasoline. There is a new refining process to bring down the sulfer levels to 15 ppm. Once that id done it has to be tested to make sure the levels are right.
Where is gasoline used?
Petrol is another word for gasoline and is used mostly in cars. Petroleum is another word for naturally occurring liquid hydrocarbons such as oil and natural gas. It is broken down into components to make gasoline, diesel, butane and hundreds of other items including plastics.
How do you sale a truck that your upside down in?
Get 5 galons of diesel and pour it all over then use match to light it.. note don't use gasoline. It explodes
What is elasticity of demands?
How much demand of a product goes up or down depending on the price. Elastic demand changes greatly as price changes - for normal goods, as the price goes up, demand drops. Demand for things like non-staple food - like cookies - is elastic. If cookies cost 50 cents a box, there might be huge demand for them. But if that price goes to $10 a box, if the price were elastic, the demand would be much lower. For an inelastic demand curve, people's demand changes little as prices change. THese are goods for which there are few substitutes. Things like gasoline have relatively inelastic demand curves - people will slow down their use/demand of gasoline a bit as prices go up, but a certain level of gasoline consumption is going to exist regardless of price. People are simply going to pay what they have to to get it.
How does an engine turn off?
Gasoline engine - spark is cut off when ignition is turned off Diesel engine- fuel is cut off when engine is shut down
