Question:
I was wondering why gas prices have stayed as high as they are now and people seem to just get used to it, its just an observation but when ever barrels of oil go down gas prices seem to go down but why havent they?
Answers:
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In the short-term, gas prices fluctuate based on supply and demand for gasoline, as well as what's happening with gasoline futures contracts on the commodity exchanges.The supply side of the gasoline business includes variables such as inventories, refinery capacity, whether gasoline formulas are changinge (winter or summer blends and seasonality changes) and whether supplies from other states are available and can be brought into the market. It also includes competition from the number and association or independence of retail gas stations in a geographic area.
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Crude oil costs are an important factor, but not the only driver in gas prices. You can have markets where crude oil and gas prices are moving in opposite directions.
ok be honest,how many tickets have u gotten in one year alone and why?
Crude oil is used for a lot things: gasoline, diesel, jet fuel, kerosene, heating oil, asphalt, motor oil, plastics and petrochemicals, and the demand and supply of each of those product segments will influence the price and production of all of those products.
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I believe the 2 largest factors in gasoline prices are gasoline futures and gasoline inventories. Retail gas prices track futures pretty well, but they go in the opposite direction of inventories. Too little inventory gives sellers the upper hand in pricing, so they quickly raise prices.
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Absolutely right. Gas prices tend to be on the higher side even though the cost of crude falls. During times, when the crude prices are higher, most companies are under pressure to give subsidies to the consumers. This results in losses to petroleum companies. When crude prices fall, gas prices does not fall as it is then an opportunity for the petroleum companies to recoup some of their earlier losses.Is supermarket petrol inferior to high street petrol stations petrol?
I'm afraid you'll see more, much more of that in the coming years. One possible cause is our lifestyle is consuming far too much oil than what producers can keep up with, and foresighted oil companies are already making financial provisions for the moment we'll really face actual shortages. They won't tell you that outright though, neither am I that glad to face grim figures. Hope I'm expressing common sense, is all.Would *you* credit the notion T. rex was a pack hunter if new science hinted at that being fact?
Good luck
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YEA BECUASE THE GOVT.LETS THE BIG OIL COMPANYS HAVE THERE WAY THAT WAY THE CONGRESS GETS THERE DOLLARS OUT OF IT I THINK WHAT WE AMERICANS SHOULD ALL TAKE OFF FOR TWO OR THREE DAYS JUST STAY AT HOME TO WAKE UP THESE OIL COMPANYS THAT WOULD HURT NOT SELLING GASOLINE I HERE SO MUCH ABOUT THE HYBIRD CARS SHOULDN'T THAT HELP I THINK WE ALSO NEED TO REDO OUR GOVT.PUT SOME POOR PEOPLE IN THERE THAT WOULD CHANGE THE WAY WE JUST WASTE MONEY.More Questions & Answers ...
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