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There is no logical answer to this question. Gas at my local Arco was $1.55 when oil was $45 a barrel. Now oil is $36.00 a barrel and gas has risen to $1.99. This is a clear case of price fixing and manipulation. The oil companies are hoping we are so happy with sub $4.00 gas that we wont notice the sneaky ratching up the the price when it should be falling. Based on my calculations gas should now be $1.24 a gallon or 34.45% of the price of a barrel of oil.
What else can I help you with?
What was a chief cause of the rising prices of the 1970's?
The formation of OPEC and the increase in the price of oil was a chief cause of the rising prices of the 1970's
Is the quotation rising oil prices have caused a sharp decrease in the demand for oil a correct statement?
yes
How does dependency on oil affect gas prices?
Since there is a constant need for oil the people who sell the oil may raise the price on Oil to make profit in result it rases gas prices.
Why did gas the price go up in late 1970?
Gas prices surged in late 1970 primarily due to the effects of the 1973 oil crisis, which stemmed from geopolitical tensions in the Middle East, particularly the Yom Kippur War. OPEC (Organization of the Petroleum Exporting Countries) imposed an oil embargo on nations supporting Israel, leading to reduced oil supply and skyrocketing prices. Additionally, rising demand and inflation also contributed to the increase in gas prices during this period.
Where can you get MOPS oil prices?
The MOPS oil prices can be found on the Platts website. It has current prices for oil, natural gas, and coal. The prices change on a regular basis and are constantly updated.
Why crude oil prices falling?
Crude oil prices are falling because of oil shale drilling in the United States.
Is oil transported every day?
yes, oil is tranported everyday, without it then it wouldn't last why did you think, the gas prices are rising higher
Did gas and oil prices fall during Reagan presidency?
During Ronald Reagan's presidency, gas and oil prices experienced significant fluctuations. Initially, prices were high in the early 1980s due to factors like the Iranian Revolution and the subsequent oil crisis. However, by the mid to late 1980s, prices began to decline significantly, influenced by increased oil production, particularly from OPEC members, and a global decrease in demand. Overall, while there were periods of rising prices, the latter part of Reagan's presidency saw a notable decrease in gas and oil prices.
What problems are ryanair facing?
Rising oil prices.
What was a chief cause of the rising prices of the 1970's?
The formation of OPEC and the increase in the price of oil was a chief cause of the rising prices of the 1970's
What Is cheaper natural gas or electricity?
Natural gas used to be much cheaper, but with rising oil prices its about on par with electric now. The price for gas will most likely continue to rise though. So, electricity is cheaper.
Why is the price of gas rising?
oil company GREED
Use industry in a sentence?
The oil and gas industry has been booming in recent months with rising oil prices The range of career opportunities within the nuclear industry is extremely wide. No wrong and wrong
Rising Prices of crude oil in the international markets will have impact on Indias balance of payment segregation - Discuss?
Rising Prices of crude oil in the international markets will have impact on Indias balance of payment segregation - Discuss.
Who influences gas prices?
Oil and natural gas companies.
Is the quotation rising oil prices have caused a sharp decrease in the demand for oil a correct statement?
yes
How did rising oil prices affect nations around the world?
It made buying oil more difficult
