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If the price of gas keeps going up like it has been these past few months, that means one thing: we are running out of gas and demand will rise.
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∙ 15y ago
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What is the current platts price for automotive gas oil?
This is the price of crude oil. The amounts will vary depending on the supply and demand that is placed on the oil.
When disaster hits why does the cost of food and gas go up supply and demand?
There is no way supply and demand affect disasters, they are natural things in nature while supply and demand are economic processes. Disasters can easily decrease the supply of something, which increases the price on that good.
What are the types of supply relating to the theory of demand and supply?
gas prices
What are the factors of increasing of the petrol price?
Gas prices are set by a supply and demand system. If something happens that effects that system then the price can go up or down. Gas prices will go up in the United States when a Hurricane hits the gulf of Mexico coast and the Oil processing plants and Oil rigs have to close down. The demand for the oil/gas goes up and the supply goes down so the prices go up. In a situation like the Swine flu gas prices are going down because the demand is going down while the supply is going up. As the demand for gas/oil goes up the prices will follow.
When disaster hits why does the cost of food and gas go up?
People attempt to hoard goods, reducing supply and increasing demand. The price therefore increases.
What is the current platts price for automotive gas oil?
This is the price of crude oil. The amounts will vary depending on the supply and demand that is placed on the oil.
When disaster hits why does the cost of food and gas go up supply and demand?
There is no way supply and demand affect disasters, they are natural things in nature while supply and demand are economic processes. Disasters can easily decrease the supply of something, which increases the price on that good.
Why does diesel cost more than gas?
It's a supply and demand issue. Demand for gasoline is much greater than that for Diesel. Therefore, the supply of Diesel is less which drives up the price.
What affects gas prices?
Supply and demand.
What are the types of supply relating to the theory of demand and supply?
gas prices
What is a sentence using the phrase supply and demand?
The concept of supply and demand governs all commerce.When farmers shipped whiskey from eastern Pennsylvania over the mountains to eastern Pennsylvania, they were involved in the process of supply and demand.Supply and demand determines how many T-shirts a store keeps in stock.Big game hunting and poaching is driven by supply and demand, along with hunters' egos.
What are the factors of increasing of the petrol price?
Gas prices are set by a supply and demand system. If something happens that effects that system then the price can go up or down. Gas prices will go up in the United States when a Hurricane hits the gulf of Mexico coast and the Oil processing plants and Oil rigs have to close down. The demand for the oil/gas goes up and the supply goes down so the prices go up. In a situation like the Swine flu gas prices are going down because the demand is going down while the supply is going up. As the demand for gas/oil goes up the prices will follow.
Will gas go down?
IT depends on supply and demand
Whats the real reason why we paid so much gas?
Supply and demand, plus speculation about the future supply and demand of oil.
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.
What was the effect of the opening of natural gas pipelines from Canada and the Gulf of Mexico?
The increased supply caused some dips in the price of natural gas, but these fluctuations were generally offset by increased demand for energy.
When disaster hits why does the cost of food and gas go up?
People attempt to hoard goods, reducing supply and increasing demand. The price therefore increases.
