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!
Monday, August 23, 2010
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.
Why crude oil price goes down but the petrol price is still at its peak in Australia?
The oil companies use as a reason, the market and that it takes two weeks for any increase or decrease, to flow through to the consumer. I live near a terminal in South Australia and have seen one tanker come in, unload and then leave. Three to four hours later, another comes in, fills up from the stored oil and then ships it back overseas. Keeping oil in short supply and keeping the price artificially high! I know the tanker that comes in, is empty because of its draft (where it sits in the water).
In addition to the excuse, is the fact that our dollar has lost considerable value, in recent times and with governments casually trying to misquote, what any advice was from the Reserve Bank, as to what was required, in order to keep us out of the stock market's bottomless pit, it is not going to change anytime soon. Confidence is waning.
The opposition has not been doing anything intelligent themselves, either, of-late. The person called ';Opposition Treasurer';, has herself been caught out, with plagiarism allegations. Such originality!Why crude oil price goes down but the petrol price is still at its peak in Australia?
OPEC has begun discussing cutting production of oil in order to bring up the price of a barrel of oil. An OPEC decision should come within the next couple of weeks. It will then take another couple of weeks for the effects of the reduction to influence oil prices. It is reasonable to expect another few weeks for the price of a barrel of oil to influence the price of gasoline. In short prices should begin to rise towards the end of the year.
It should be noted that gas prices fell because of the global economic slowdown. The longer it takes for the economy to recover, the longer gas will be cheaper.
Hope that helps. If you are interested in finding out more about oil prices and the economy visit Truly Newsworthy at http://www.TrulyNewsworthy.com.Why crude oil price goes down but the petrol price is still at its peak in Australia?
Rampant profiteering by the oil companies. The prices are coming down slowly in the UK now but nowhere near where they should be.
The argument is that it takes time to filter through the system and down to the pumps. Utter crap really as they were quick enough to raise the prices as soon as they could.
There should be a law against this kind of profiteering and holding people to ransom.
it will never come down to the level it was ,as they think where all used to the price of it now ,we are all suckers
Aussie is upside down remember ! It's gravity !!!!
it takes those oil tankers a long time to reach Australia, the $150 are still being unloaded.
In addition to the excuse, is the fact that our dollar has lost considerable value, in recent times and with governments casually trying to misquote, what any advice was from the Reserve Bank, as to what was required, in order to keep us out of the stock market's bottomless pit, it is not going to change anytime soon. Confidence is waning.
The opposition has not been doing anything intelligent themselves, either, of-late. The person called ';Opposition Treasurer';, has herself been caught out, with plagiarism allegations. Such originality!Why crude oil price goes down but the petrol price is still at its peak in Australia?
OPEC has begun discussing cutting production of oil in order to bring up the price of a barrel of oil. An OPEC decision should come within the next couple of weeks. It will then take another couple of weeks for the effects of the reduction to influence oil prices. It is reasonable to expect another few weeks for the price of a barrel of oil to influence the price of gasoline. In short prices should begin to rise towards the end of the year.
It should be noted that gas prices fell because of the global economic slowdown. The longer it takes for the economy to recover, the longer gas will be cheaper.
Hope that helps. If you are interested in finding out more about oil prices and the economy visit Truly Newsworthy at http://www.TrulyNewsworthy.com.Why crude oil price goes down but the petrol price is still at its peak in Australia?
Rampant profiteering by the oil companies. The prices are coming down slowly in the UK now but nowhere near where they should be.
The argument is that it takes time to filter through the system and down to the pumps. Utter crap really as they were quick enough to raise the prices as soon as they could.
There should be a law against this kind of profiteering and holding people to ransom.
it will never come down to the level it was ,as they think where all used to the price of it now ,we are all suckers
Aussie is upside down remember ! It's gravity !!!!
it takes those oil tankers a long time to reach Australia, the $150 are still being unloaded.
Is synthetic motor oil worth the price premium?
It lasts 6 months compared to 3 months for regular oil. Is synthetic motor oil worth the price premium?
It's a very good alternative because of the the improved additive package. The detergents are more aggressive, the extreme pressure additives are better. It resists friction thus runs cooler. It pours at lower temperatures than the same viscosity grade of conventianal oil. It evaporates at higher temperatures. It's flash to fire point is higher than conventional oil. You may realize a bit of mileage improvement because it is more slippery than conventianal oil. It resists sludge and varnish far better.
The Viper and Corvette ZO6 has Mobil1 in the crankcase from the manufacturer before the dealer sees the cars.
If your motor is still under factory warranty do not under any circumstanses drive beyond the factory recommended oil change intervals regardless of the oil type. You always need to produce service records in case of any mechanical failure.
Is synthetic motor oil worth the price premium?
Synthetic oil is much better for your engine. I exclusively use Mobil1 since it contains no crude based oil. Yes, it is more expensive but you will save yourself the money in the long run by possibly not have costly engine damage down the road.
However, oil is only as good as often as you change it. You still need to change synthetic just as you would conventional oil based on your vehicles maintenance schedule, especially if its still under warranty. Once its out of warranty, you can change it whenever you want.
No, it's a waste of money. Not to mention if you use it on an older engine you will create leaks and start burning oil past the rings.
If one wants to use synthetic then one must use it from the start when the engine is new so it's broke in on it. Otherwise you're creating problems for yourself.
Don't waste your money, just stick with a good brand of regular oil.
Synthetic lubricates much better it will also run cooler than normal oil. You should see a slight gain in fuel economy as well. I also use the mobile as well. I also think its much better for the seals. Although I wouldn't go no 10,000 miles as I've heard of other people doing. To me that's stupid just because it don't break down as easily doesn't mean it is not going to get dirty. I go 5000 between changes.
I don't think so - and I've had work trucks with over 200,000 on them.
Oil and filter change every 6 months or 6000 miles with a high quality conventional motor oil.
I seriously doubt I would do any better if I opted for the more expensive synthetic.makeup
It's a very good alternative because of the the improved additive package. The detergents are more aggressive, the extreme pressure additives are better. It resists friction thus runs cooler. It pours at lower temperatures than the same viscosity grade of conventianal oil. It evaporates at higher temperatures. It's flash to fire point is higher than conventional oil. You may realize a bit of mileage improvement because it is more slippery than conventianal oil. It resists sludge and varnish far better.
The Viper and Corvette ZO6 has Mobil1 in the crankcase from the manufacturer before the dealer sees the cars.
If your motor is still under factory warranty do not under any circumstanses drive beyond the factory recommended oil change intervals regardless of the oil type. You always need to produce service records in case of any mechanical failure.
Is synthetic motor oil worth the price premium?
Synthetic oil is much better for your engine. I exclusively use Mobil1 since it contains no crude based oil. Yes, it is more expensive but you will save yourself the money in the long run by possibly not have costly engine damage down the road.
However, oil is only as good as often as you change it. You still need to change synthetic just as you would conventional oil based on your vehicles maintenance schedule, especially if its still under warranty. Once its out of warranty, you can change it whenever you want.
No, it's a waste of money. Not to mention if you use it on an older engine you will create leaks and start burning oil past the rings.
If one wants to use synthetic then one must use it from the start when the engine is new so it's broke in on it. Otherwise you're creating problems for yourself.
Don't waste your money, just stick with a good brand of regular oil.
Synthetic lubricates much better it will also run cooler than normal oil. You should see a slight gain in fuel economy as well. I also use the mobile as well. I also think its much better for the seals. Although I wouldn't go no 10,000 miles as I've heard of other people doing. To me that's stupid just because it don't break down as easily doesn't mean it is not going to get dirty. I go 5000 between changes.
I don't think so - and I've had work trucks with over 200,000 on them.
Oil and filter change every 6 months or 6000 miles with a high quality conventional motor oil.
I seriously doubt I would do any better if I opted for the more expensive synthetic.
If crude oil is a futures commodity, why is the price of gasoline today based on the price of oil today?
The gas delivered to the pump today was pulled from the ground weeks ago.If crude oil is a futures commodity, why is the price of gasoline today based on the price of oil today?
The price of any good must be only based upon its replacement cost. When prices fall, firms take a loss on every gallon and when prices rise, firms make extra, but it compensates for the loss at other times mostly. It can be proven, but it is tedious here, that you must base the price on the cost to replace the next gallon, not the cost of the purchase of the current gallon.If crude oil is a futures commodity, why is the price of gasoline today based on the price of oil today?
because oil is a CASH business. if a gas station does not raise its prices as soon as the price of oil goes up, it will not be able to pay for the next truck load of gasoline when it shows up
because we get it from the same country. It is all a chain reaction. if one goes up so dose the other.
The price of any good must be only based upon its replacement cost. When prices fall, firms take a loss on every gallon and when prices rise, firms make extra, but it compensates for the loss at other times mostly. It can be proven, but it is tedious here, that you must base the price on the cost to replace the next gallon, not the cost of the purchase of the current gallon.If crude oil is a futures commodity, why is the price of gasoline today based on the price of oil today?
because oil is a CASH business. if a gas station does not raise its prices as soon as the price of oil goes up, it will not be able to pay for the next truck load of gasoline when it shows up
because we get it from the same country. It is all a chain reaction. if one goes up so dose the other.
How do you think the price of crude oil influences the markets for coal and natural gas?
by now china is exploring wider use of coal as the price of oil is increasing. their own oil production is insufficient to meet demands. natural gas has been around for sometime and its use widens. the oil producing countries still hv a strong hold and strangle hold on prices. it will not go down and it is inevitable tt oil giants will realize tt we r not going to pay a high price. as long as these oil giants remain strong, alternative energy will still be a lip service. coal tho dirty is still in abundant supply. so there maybe a rebirth for it and possibly new tech to contain its soot?How do you think the price of crude oil influences the markets for coal and natural gas?
Substitution effects. As the price of oil rises, coal and gas will be substituted so the demand for those will rise causing prices to rise.How do you think the price of crude oil influences the markets for coal and natural gas?
It encourages them to move their prices up. To stay just under the price of oil. Always trying to come forward as the better choice energy because the price is cheaper. Even the price of wood per cord has gone up. Still cheaper than oil but high. Also the price of pellets for pellet stoves have gone up.
They like to refer to such prices as ';what the market will bare';. It's just another way for all these energy sources to get in line to rip the public off.
Substitution effects. As the price of oil rises, coal and gas will be substituted so the demand for those will rise causing prices to rise.How do you think the price of crude oil influences the markets for coal and natural gas?
It encourages them to move their prices up. To stay just under the price of oil. Always trying to come forward as the better choice energy because the price is cheaper. Even the price of wood per cord has gone up. Still cheaper than oil but high. Also the price of pellets for pellet stoves have gone up.
They like to refer to such prices as ';what the market will bare';. It's just another way for all these energy sources to get in line to rip the public off.
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