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what ranch of government is in charge of the gas pices

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Q: What is the branch of government in charge of gas prices?
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Is the Government in charge of the gas prices?

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Who is gaining from the rise in oil and gas prices?

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Many entities control gas prices. When the U.S. government places tax on gas that is a price control. When the U.S. government keeps oil companies from drilling and building refineries, or making the cost exorbitant, that affects gas prices. When the Middle East countries cut back the amount of oil they drill for, that causes gas prices to rise. The evrironmentalists, putting heavy regulations on gasoline raises gas prices. These are just a few that affect the price of gas.


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Gas prices have a direct impact on hybrid car prices, especially used hybrids. Hybrid cars generally have a long return on investment period, used hybrids do not have as long a time. Watch gas prices carefully. The time to buy a hybrid is when gas prices are low and demand drops. When gas prices are high, hybrid car dealers are able to charge premium prices. By timing the purchase correctly, the cost of the hybrid can be made up quickly in savings.


Why do different gas stations charge different prices for a gallon of gasoline?

Gas stations charge different prices for a gallon of gas because of a couple different reasons. The first is the quality and additives in the gasoline itself. The higher the quality of the mixture, the higher the price. Second, companies like ARCO are able to offer lower prices because of their payment options. Because you cannot pay with a credit card, they save money because they do not have to pay fees to the credit card companies, and can therefore offer lower prices to the customer.


What is wrong with gas prices today?

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