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Gas Prices in 2008 had hit a very high number because Hurricane Katrina Hit Are Oil stuff down south ( Witch Supplies some oil to the United States)
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∙ 12y ago
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How do I find information on high fuel and oil prices?
There are several reasons for why the fuel and oil prices are so high. One reason is that the commodite traders bid up the price on the gas contracts. Another reason is beacause the oil prices are a bit rude today, mainly due to oil costs account for a large portion of the price on gasoline. So if the oil price rises so do the price at the gas station about six weeks later.
What was the gas price in 2007?
The average price for gas in 2007 was $2.79 per gallon. This was the first time gas prices went up so much so quickly.
Price of Gasoline December 4 2008?
Be more specific the gas is different prices in different states so post a better question next time
What was the average price of a gallon of gas in Ontario Canada in 1995?
i drive a hybryd so i don't now about the price of gas
Why the gas is high is because the gov is so greedy?
The government does not set the price of gasoline. The gas prices are set by the oil companies based on how much they think they can get according to supply-demand economics.
Why have the gas prices have gone up so much lately?
America's supply from other countries is now less than 5%. Gas prices have gone up because the amount is low and the demand is high. Also, since the gas prices have gone up, so has everything else. Food, electronics, electricity bills, etc. The high price on gas affects everything. I think America has to get off oil, and find some other resource to power our things. If we don't, we might find gas prices at over $5.00 per gallon. And it's just becoming more expensive to find oil and gas, so again, that affects the price of the gas. High demand, low amount. That's what is causing the high gas prices.
How much money does a gas station make in a year?
For every gallon of gas, the average gas station pockets $0.10 of every gallon sold, so don't blame the gas stations for the price being high.
When were the gas prices so high we waited in lines for gas?
1973?
What would cause the cost of gasoline to go up?
The price of oil going up in the middle east. We get oil from the middle east and oil is in gas so if oil is high the gas will be high but most the time we should not have to pay so much but the oil companies are just being greedy. -C.I. (Peace Y'all!!)
What is the gas price average in the US?
The average gas price in the United States is 3.611 USD currently. however, gas prices tend to vary greatly from day to day, so this is not an average that encompasses more than just today. Tomorrow the gas price average will be different.
Limitations of price mechanism?
The price can only be so high. If it gets too high, people are not going to purchase the product, no matter what it is.
How does Ghana's King keep the price of gold high?
I kept gold from poeple who wanted to steal it. so that's how the price was high
