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Can a mayor lower gas prices?
No. Gas prices go up and down with how much the barrels of gas from the oil companies cost.
When is best time to buy heating oil?
In the summer months when the demand is down, or watch the news to see if oil prices plummet for some economic reason
Why are gas prices going up everyday?
Because oil prices are going up so gas companies have to raise their prices so they can make a profit and not go bankrupt.
International oil prices are determind by?
Oil prices everywhere are determined by supply and demand through a market exchange like the NYMEX. It is done similar to how stock prices are done. When the supply is high relative to demand, people bid lower for a barrel of oil, when the demand is high relative to supply people bid higher for a barrel of oil. Speculators can also play in this game bidding up the cost of a barrel of oil. Interestingly enough, far too many people blame the oil companies when prices are high. While this can be partially true, since oil companies can withhold supply from the market, it generally does not hold true because there are many many different places where oil can be retreived. The supply of oil to the market can also be determined by the price. Oil companies will only supply so much oil at a given price before they will not supply any more unless the price is bid higher. Where the bid price equals what the oil companies are willing to supply you have an equilibrum price.
How has the current shift in oil prices affected the stock market?
The current shift in oil prices can have both direct and indirect effects on the stock market. Here are some ways in which the change in oil prices can impact the stock market: Energy Sector Stocks: The most direct impact is on energy sector stocks, including oil exploration and production companies, oilfield services providers, and energy infrastructure companies. When oil prices rise, the profitability and prospects of these companies tend to improve, leading to potential stock price increases. Conversely, when oil prices decline, the profitability of these companies may be affected, potentially leading to stock price declines. Inflation and Interest Rates: Oil prices are closely tied to inflation and interest rates. Rising oil prices can contribute to higher inflation expectations, which may prompt central banks to raise interest rates. Higher interest rates can impact the stock market, particularly sectors sensitive to borrowing costs such as housing and consumer discretionary stocks. Consumer Spending: Oil price changes can affect consumer spending patterns. When oil prices rise, it can lead to higher fuel costs, which can reduce discretionary income for consumers. This can impact consumer spending on other sectors, such as retail, travel, and leisure, which may indirectly affect stock prices in those industries. Global Economy: Oil is a crucial input in various industries and plays a significant role in global trade. Changes in oil prices can impact the overall global economy. Higher oil prices can increase production costs for businesses, leading to lower profitability, reduced economic growth, and potentially impacting stock markets worldwide. Geopolitical Factors: Oil prices are influenced by geopolitical events and tensions in oil-producing regions. Conflicts or disruptions in major oil-producing countries can lead to supply disruptions and volatility in oil prices. Geopolitical uncertainties can create broader market volatility and impact investor sentiment. It's important to note that the relationship between oil prices and the stock market can be complex, as there are numerous other factors at play in the financial markets. The specific impact of oil price changes on the stock market can vary depending on the overall economic conditions, market sentiment, and individual company dynamics.
Are there any cheap oil heating companies?
I am very sorry to say there are no "cheap" oil heating companies. Heating oil prices go according to the barrel prices and have been rising steadily. I would recommend using a wood stove or pellet stove to save on heating bills.
What did you pay for home heating oil?
The price of home heating oil depends greatly on location and oil speculation. I would recommend checking online for local oil delivery companies. Many of these company's websites will be able to provide you with an online price quote so you can easily compare prices to find the cheapest heating oil available to you. Prices may be more expensive if you have to request an emergency heating oil delivery.
Why isn't oil used for heating?
Actually, oil can and is in fact used for heating purposes. There are many home heating companies out therethat allow you to purchase oil as an alternative to heating your home.
What are the best suppliers that supply cheap heating oil?
Standard Oil provides heating oil at affordable prices and they have reliable delivery services. Chief Energy is another reliable and affordable heating oil company.
What is the average price of home heating oil in Long Island NY?
Currently the price for home heating oil in Long Island is $3.19 at Morania Oil Express. This Long Island home heating oil company offers competitive Long Island heating oil prices and specialize in quick and easy Long Island oil delivery. The prices are posted daily here: http://moraniaoilexpress.com.
What are the home heating oil prices in Connecticut?
It cost about $65.95 but that is weird.
Which companies offer the cheapest home heating oil supplies?
Companies that offer cheap home heating oil supplies include Dewitt Petroleum and Union Plus. Other examples of these companies include Aeroenergy and Petro.
What are the prices of heating oil in the Seattle, WA area?
Heating oil prices in WA are higher now than the annual average in that area. The current prices in Seattle are between $4.20 and $4.65 per gallon. (Reference: http://seattletimes.nwsource.com/html/localnews/2014748094_heatingoil12m.html)
Who influences gas prices?
Oil and natural gas companies.
What are the current heating oil prices ?
Heating oil, also known as crude oil, is around $100.00 a barrel, during the month of May 2011. You can visit heatingoil.com to find out more about the amount of barrels that are purchased.
Where can one go to view the heating oil price?
Many political websites, newspapers, and magazines are ranting about the oil prices. Heating oil prices can be found at websites such as WhiteFence, TheDailyGreen, and New York Times. Efutures is a common website used by business men and women who trade commodities.
What are the prices for home heating oil?
The price of residential heating oil largely depends on the current supply and demand of crude oil. The best way to obtain the current home heating oil cost is to visit your local fuel oil distributor's website and get a quote. You should also be able to obtain a quote for an emergency heating oil delivery should you need replenishment on short notice.
