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No. Gas prices are set at a market rate. Today there are people who are buying up the oil and holding on to it. They think there will be a war with Iran ( one of the biggest producers of oil) and Israel/ US. The price of the oil sets what the oil costs at the pump. Actually, there is not a shortage of oil at this time but the speculators are generating a false shortage by holding on to it. Thus, the price goes up at the pump. The oil companies also have been working for the last 30 years to get the prices of gas as high as they could. They set 5.00 a gallon as a goal.
What else can I help you with?
Is the president going to change the gas prices?
Since when did the president control the gas prices? The President can't control the gas prices. The only way the gas prices will go down is when gas companies can buy the gas for less.
gasoline prices?
how much is gas prices
What has the author Richard D Farmer written?
Richard D Farmer has written: 'Motor gasoline prices through 1980 under continued DOE price control' -- subject(s): Prices, Gasoline 'Short-term petroleum cost distribution model, methodolgy description' -- subject(s): Prices, Mathematical models, Gasoline, Petroleum products
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 can the president lower prices on oil?
By allowing oil companies to drill for oil the President with the consent of congress can increase the supply of oil, thereby decreasing the price of oil and gasoline.
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
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.
What was Philippine gasoline prices in 1977?
90 centavos.
What were the New jersey gasoline prices in 1994?
$1.19
Why does the gasoline prices continue to increase?
the economy is horrible
