oil & gas prices???
does anyone know what factors cause the gas prices to rise and/or decline so frequently?
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Not sure about the sudden lowering of the prices as I've never seen that happen but as for rapid rising of gas prices:
Well it seems the best way to make that happen is to elect an oil man to the White House. |
I can't say I know what affects gas prices, but I guess it boils down to supply and demand. Getting oil out of the ground is fairly easy, refining it and producing gasoline is the hard (i.e. expensive) part. Refineries in the US have been closing over the years, so instead of importing crude and refining it ourselves, we import refined gasoline which naturally costs more than the homemade stuff. You look at European countries that have no oil production whatsoever and their gas costs more than $5 a gallon, while over here we produce less than half our own gas so the price stays below $3.
Personally I think people should convert their cars to natural gas. It comes out of the ground ready to use so it's way cheaper and it burns cleaner too. But then I also think cars should use gas turbine engines instead of internal combustion, so maybe I'm just crazy. :hmm: |
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- js. |
what mazer said plus bottlenecks in north american refineries plus lower value of the US dollar plus the uncertainty of whether oil producers will be able to keep up with demand because of all the terror threats looming over iraq and saudi arabia. all of these factors contribute to higher fuel prices. here in canada fuel prices have returned to normal levels more or less. the average price is 68 cents per liter. 2 months ago it was over 90 cents and premium fuel was well over $1. in holland and france they pay $2 US a liter, or about $8 US per galon so obviously it's better here
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Gas prices help Covington-based firm's earnings
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