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Which measure did the U.S. government take to combat the problems of increasing oil prices?

increasing taxes on oil


Which measure did the us government take to combat the problems of increasing oil prices?

all


Labor rate in India?

Inflation in India was gone upto 13 % and now reduced to 6.38 BUT in reality commodity prices increased when oil prices increased but not reduced when oil prices slashed..so until unless basic commodity prices reduce, Labour rate in India will not come down. as usual it increases Min 10% avg this year also.. Govt has to come forward now and reduce the commodity prices to control the labour rate in India..


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.


Why are gas prices increasing but the cost per gallon oil is declining?

ummm why do u expect me to know if you don't


What measure did the US government take to combat the problems of increasing oil prices?

I dont know dude,,,,y worry have fun..


Why is oil money increasing?

the price of oil is increasing because there is lacking of oil in countries so the country you stay is importing oil that is why the money is increasing.


What does foreign oil have to do with gas prices going up?

Well gas comes from oil and America does not produce enough oil to support all the things that need gas in America. So America buys alot of its oil from foreign countries. Gas prices are going up because foreign countries are increasing the price and the amount of oil is going down.


What do you mean by oil pool account?

An oil pool account is a fund reserve maintained by the governments of many countries to protect citizens against fluctuations in oil prices. An example is the government of India.


Why are petrol prices rising in India can you provide a comparative statement with other Asian countries?

Petrol prices are the most volatile across the world. The price of gasoline depends on the price of crude oil, the taxes imposed by different states, the exchange rate and oil company costs. Demand and supply imbalance also influence petrol and diesel prices. So prices vary in different countries. In India, petrol prices continue to rise as the country largely depends on imports to meet its requirements.


Did high oil prices in the 1970's eliminate poverty in southwestern Asia?

Southwestern Asia is the sub continent of India. Nevertheless, what ever geography is used, poverty remains a fact of life in most of Asia. High oil prices usually benefit the old oil cartel and other oil producing nations.


How does the organization or OPEC regulate oil prices?

OPEC, the Organization of the Petroleum Exporting Countries, regulates oil prices primarily through production quotas set for its member countries. By adjusting these quotas, OPEC can influence the supply of oil in the global market; reducing production leads to higher prices, while increasing production can lower prices. Additionally, OPEC monitors market conditions and can convene meetings to respond to significant price fluctuations, ensuring stability within the oil market. This coordinated approach allows OPEC to exert considerable influence over global oil prices.