The price of crude oil is dropping like a rock, but gas prices have remained steady or have gone slightly up in past months.
Why do you think it is so?
Do you think the U.S. Government have anything to do with it?Why do gas prices not closely follow the price of crude oil?
It has more to do with the cost of refining then the price of crude oil.
I think that the govt. is trying to drive down the price, so they can take over the oil industry.Why do gas prices not closely follow the price of crude oil?
The first answer is correct.
Oil prices can be seen here - http://www.marketwatch.com/quotes/?sid=3鈥?/a>
Oil hit $32 barrel and has since moved up as have prices at the pump.
The law of supply %26amp; demand works every time - unless the government interferes. With new oil coming out of the ground at $45-$60 barrel the oil company profits will begin to fall rapidly.
If the oil companies could manipulate prices as some uninformed people claim - Why have the prices fallen so much, even below costs?
Nope - it's all up to the Oil Companies (and their GREED) themselves...
How else could they keep making record profits???
%26gt;:(
Because Al Gore invented oil, therefore, he invented gas, therefore, he invented Global Warming!!!!
Aaaaahhhhh!!
its a complicated connection btwn the oil pump and the gas pump - it mostly has to do with refinery capacity and demand.
they have no relation to each other
Monday, August 23, 2010
How does a 1 dollar increase in the price of oil per barrel, affect the price at the pumps?
for instance... the price of oil increases 1 dollar per barrel and the price at the pump goes up 10 cents?How does a 1 dollar increase in the price of oil per barrel, affect the price at the pumps?
Thats a good question. You would have to find out how many gallons of gas is produced from one barrel of oil. I would think that would vary depending on the quality of the oil.
IF there were only 10 gallons of gas squeezed out of a barrel of oil.....the 10 gallons at 10 cents equal a dollar.
I, personally, don't believe it works that way. I believe that IF oil increases one dollar, the oil companies AND dealers see that as an opportunity, and excuse, to kick their price up far and beyond what would be required. PopsHow does a 1 dollar increase in the price of oil per barrel, affect the price at the pumps?
Its kind of related, but they have stock on gasoline too. If oil goes up, most cases that gasoline will follow suit. You can goto NYMEX.com to follow them. Is under energy category.
Thats a good question. You would have to find out how many gallons of gas is produced from one barrel of oil. I would think that would vary depending on the quality of the oil.
IF there were only 10 gallons of gas squeezed out of a barrel of oil.....the 10 gallons at 10 cents equal a dollar.
I, personally, don't believe it works that way. I believe that IF oil increases one dollar, the oil companies AND dealers see that as an opportunity, and excuse, to kick their price up far and beyond what would be required. PopsHow does a 1 dollar increase in the price of oil per barrel, affect the price at the pumps?
Its kind of related, but they have stock on gasoline too. If oil goes up, most cases that gasoline will follow suit. You can goto NYMEX.com to follow them. Is under energy category.
How do you chart the price of oil in Yahoo! Finance or charts? What's the symbol for oil price?
I'd like to use this to compare with prices of oil companiesHow do you chart the price of oil in Yahoo! Finance or charts? What's the symbol for oil price?
OIl is traded as future closing monthly ... Crude Oil Oct 06 (CLV06.NYM)
http://finance.yahoo.com/q/fc?s=CLV06.NYM that will show you the available contracts for oil.
Click on the month we are in and you will see the current data and the chart.
Some online brokers and CFD traders offer spot oil trading.
It would be kind of you to give me points for promptly answering your question correctly!How do you chart the price of oil in Yahoo! Finance or charts? What's the symbol for oil price?
for market oil prices go here:
http://www.bloomberg.com/markets/commodities/energyprices.html Report Abuse
makeup
OIl is traded as future closing monthly ... Crude Oil Oct 06 (CLV06.NYM)
http://finance.yahoo.com/q/fc?s=CLV06.NYM that will show you the available contracts for oil.
Click on the month we are in and you will see the current data and the chart.
Some online brokers and CFD traders offer spot oil trading.
It would be kind of you to give me points for promptly answering your question correctly!How do you chart the price of oil in Yahoo! Finance or charts? What's the symbol for oil price?
for market oil prices go here:
http://www.bloomberg.com/markets/commodities/energyprices.html Report Abuse
Are Oil Swaps the main cause of the recent oil price surge? What are oil swaps anyway.?
Oil traders are part of the reason for the surge in the price of gasoline, but the prices are primarily effected by the conversion to the summer blend of gasoline (or summer RVP [Reid Vapor Pressure]).
The 7.8 pound RVP fuel is required in many counties across the U.S., and the capacity to refine the lower RVP fuel at a pace to meet U.S. demand is not quite as good as our ability to meet demand with the winter blend.
In the counties that aren't required to use the summer RVP, prices are still affected because production is decreased to meet the demand for 7.8 pound RVP products.Are Oil Swaps the main cause of the recent oil price surge? What are oil swaps anyway.?
http://globalresearch.ca/index.php?conte鈥?/a>
The 7.8 pound RVP fuel is required in many counties across the U.S., and the capacity to refine the lower RVP fuel at a pace to meet U.S. demand is not quite as good as our ability to meet demand with the winter blend.
In the counties that aren't required to use the summer RVP, prices are still affected because production is decreased to meet the demand for 7.8 pound RVP products.Are Oil Swaps the main cause of the recent oil price surge? What are oil swaps anyway.?
http://globalresearch.ca/index.php?conte鈥?/a>
Oil price has dropped, but why gas price is still high?
Its been like 1.5 months that oil price is coming down, but gas is almost the same price..
Any reason?Oil price has dropped, but why gas price is still high?
Sure, it's called greed. When they announced that a barrel of oil fell 3 dollars a barrel, making it the lowest since april, a service station a mile down the road raised their prices 15 cents a gallon.Bless their greedy little hearts.Oil price has dropped, but why gas price is still high?
Because the CEO's of the oil companies figure if we can pay that much for gas when we have to, we should pay that much for gas all the time. They make more profits that way.
Gas is down about .60 from the peak... so the question is based on incorrect assumptions.
GREED!
Any reason?Oil price has dropped, but why gas price is still high?
Sure, it's called greed. When they announced that a barrel of oil fell 3 dollars a barrel, making it the lowest since april, a service station a mile down the road raised their prices 15 cents a gallon.Bless their greedy little hearts.Oil price has dropped, but why gas price is still high?
Because the CEO's of the oil companies figure if we can pay that much for gas when we have to, we should pay that much for gas all the time. They make more profits that way.
Gas is down about .60 from the peak... so the question is based on incorrect assumptions.
GREED!
What was the record high price of oil?
Please give a source and the absolute highest price on record.What was the record high price of oil?
it was 141 a barWhat was the record high price of oil?
Contact the New York Mercantile Exchange.
it was 141 a barWhat was the record high price of oil?
Contact the New York Mercantile Exchange.
What's the bigger problem, price of oil/gas or the value of our dollar?
I think Bush is trying to pull another WMD by trying to place as much blame as he can on the Democrates as he can for the high price of fuel because of the drilling restrictions there fighting for. Bushes bungled policies have had every thing to do with the value of our dollar, when the value of our dollar goes up only then will we see lowering of fuel prices.What's the bigger problem, price of oil/gas or the value of our dollar?
they are one in the same. If the dollar was more valuable, gas would be less. Look at how Gold and Copper have skyrocketed at the same time as Gas. This tells me that it's more a matter of the value of dollar than any other issue. We need to stop borrowing to pay for a war we're fighting now. Have a war tax, or don't fight the war.What's the bigger problem, price of oil/gas or the value of our dollar?
To some extent, these are both symptoms of another problem; they are not the root. The problem is one of economics related to the number of dollars that leave this country every day to purchase foreign oil. If you reduce the amount of money spent on imports (through conservation, switching to alternative fuels, drilling, ect, I'll let you pick your poison), then the price of oil drops and the value of the dollar increases.
The American dollar is collapsing, thats the biggest reason why oil prices are high. Oil will almost double when U.S attacks Iran.
http://www.youtube.com/watch?v=zUbA-vz0P鈥?/a>
The Federal Reserve ruined the American dollar.
They are both problems and are linked.
http://video.google.com/videoplay?docid=鈥?/a>
Price of everything IS related to the money supply. You've hit on something that almost no one understands
Value of the dollar.
The biggest problem? Corperate Greed! Those 20% who own 80% of the wealth that don't give a dam about the rest of America.
they are one in the same. If the dollar was more valuable, gas would be less. Look at how Gold and Copper have skyrocketed at the same time as Gas. This tells me that it's more a matter of the value of dollar than any other issue. We need to stop borrowing to pay for a war we're fighting now. Have a war tax, or don't fight the war.What's the bigger problem, price of oil/gas or the value of our dollar?
To some extent, these are both symptoms of another problem; they are not the root. The problem is one of economics related to the number of dollars that leave this country every day to purchase foreign oil. If you reduce the amount of money spent on imports (through conservation, switching to alternative fuels, drilling, ect, I'll let you pick your poison), then the price of oil drops and the value of the dollar increases.
The American dollar is collapsing, thats the biggest reason why oil prices are high. Oil will almost double when U.S attacks Iran.
http://www.youtube.com/watch?v=zUbA-vz0P鈥?/a>
The Federal Reserve ruined the American dollar.
They are both problems and are linked.
http://video.google.com/videoplay?docid=鈥?/a>
Price of everything IS related to the money supply. You've hit on something that almost no one understands
Value of the dollar.
The biggest problem? Corperate Greed! Those 20% who own 80% of the wealth that don't give a dam about the rest of America.
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