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Why is the price of fuel rising at the pump and the cost of a barrel going down?
Wiki User
∙ 11y ago
Current there is a increase in production ans well as a need to increase in US spending. OPEC and the Russians are the major producer ( Venezuela and Brasil the new big boys in the world. Gas is under a buck in both countries 13 cent in the Venezuela) of oil but our commodities market is the stock marketfor oil (it trades under our currency) the prices in based on they say supply and demand both are speculative at least supply is we can not control the production or type of oil produced but oil is traded backed the dollar (see above) ( oil company pay firms big money to firm to spec prices), since the barons who have oil know it only takes $2 USD to produce a barrel of oil it is all a big game where we the consumer looses. In short OPEC or the Russians slow production of sweet crude the only oil our refineries (sad they haven't spent a dime on tech but want us to foot the bill) can refine limit the supply (we all love or cars and trucks) and the price shoots up! Remember it was $4 bucks before the holiday season kicked in who can shop with $4 gas!!! :)
Wiki User
∙ 11y ago
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Cost of a barrel of oil in 1995?
The average price for a barrel of oil in 1995 was: $16.75
Why has the price of pine nuts increased?
One factor in the price increase in many foods is the rising cost of fuel to transport the food.
What is the platt price for jp54 today?
500 usd This answer is wrong. JP54 per barrel will not cost that much. Do not answer if you do not know as you will mislead other people. ------------------------------------------------------------------------------------------------- the correct price is usd134 per barrel for spot buying
What was the cost of a barrel of oil in 1997?
A barrel of oil in 1992 was about $19.25 (in 1992 dollars). Adjusted for inflation, in 2010, the same barrel would cost about $29.73.
Cost of a barrel of oil in 1991?
The cost of a barrel of oil in 1991 was about $20.20. Adjusted for inflation, in 2010, the same barrel would cost about $32.14.
Cost of a barrel of oil in 1995?
The average price for a barrel of oil in 1995 was: $16.75
What was the Price of gasoline the last time oil was 38.00 a barrel?
The year when the average cost of a barrel of crude oil was $38.00 was 2004. That year, the average price per barrel was $37.66. The average cost for a gallon of regular gasoline in 2004 was: $1.88 per gallon.
Why has the price of pine nuts increased?
One factor in the price increase in many foods is the rising cost of fuel to transport the food.
Why is the price of movie tickets rising?
The price of everything is always rising. It's called "inflation." Twenty years ago a can of Coca-Cola cost 50 cents. Now it's usually a dollar.
What is todays platt price for jp54?
500 usd This answer is wrong. JP54 per barrel will not cost that much. Do not answer if you do not know as you will mislead other people. ------------------------------------------------------------------------------------------------- the correct price is usd134 per barrel for spot buying
What is the platt price for jp54 today?
500 usd This answer is wrong. JP54 per barrel will not cost that much. Do not answer if you do not know as you will mislead other people. ------------------------------------------------------------------------------------------------- the correct price is usd134 per barrel for spot buying
Unable to control price profitable producer faced with rising labor andor materials cost will?
The answer is: go bankrupt.
What was the cost of a barrel of oil in 1997?
A barrel of oil in 1992 was about $19.25 (in 1992 dollars). Adjusted for inflation, in 2010, the same barrel would cost about $29.73.
How much does dead rising 2 cost for PS3?
The 39.99 retail price Dead Rising 2 Greatest Hits is available from amazon on September 29 2011 for $20.13
What was the cost of a barrel of oi in 1965?
what was the cost of a barrel of oil in 1965
Does zinc cost much?
Price seems to be going up, but it is fairly cheap. You can search with words; zinc price.
Cost of a barrel of oil in 1991?
The cost of a barrel of oil in 1991 was about $20.20. Adjusted for inflation, in 2010, the same barrel would cost about $32.14.
