How has the price of oil effected the numbers used in the GDP?

Numbers can and are manipulated. Compare the COLA for social security and inflation stays flat. Look at the COLA for congress and they get a $20,000 dollar a year raise. because of inflation.How has the price of oil effected the numbers used in the GDP?
If gasoline goes from $ 2.00 to $ 4.00 per gallon, 100% increase, and GDP goes up 10% during the same time frame, the economy is doing horrible even though the media may say look at the GDP 10% increase. If 1 million loaves of bread are sold for $1.00 per loaf and the next month 500,001 loaves for $2.00 per loaf GDP has increased but the number of units sold is down 50%. GDP does not mean much during inflationary times as we are now living.How has the price of oil effected the numbers used in the GDP?
It's skewed them to look better than it really does.
It has lowered our GDP considerably! Now everyone knows that our streets are not paved in gold! Darn!

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What is the average price on an oil change?

The car is a 1999 Ford Taurus. I am looking for the price without labor costs added.What is the average price on an oil change?
If you intend to do it yourself to save labor charges $15. should do it with a good name brand oil filter and non-synthetic oil. Beware: If you have a Taurus with the 24 valve motor it takes six qts. of oil instead of five in the pushrod engine. The oil filters are a different part # also.What is the average price on an oil change?
About $1.50 a quart and $3 for a filter if you do it your self. If you have it done, they will add labor so the question would be moot.
20-30$?


If you do it yourself... the cost of 4 bottles of 1L of oil and an oil filter. i think its like 15$
35-40 bucks /

Why has the price of oil declined recently so dramatically?

There were lots of (supposed) reasons why the price of oil recently rose to record levels -- hurricane season approaching, instability in the Middle East, disruptions with the Alaskan supply, etc, etc.





However, in the recent days, the price of oil has suddenly dropped 25%-30%. What happened to generate that large price change? What are the explainable causes?Why has the price of oil declined recently so dramatically?
Well you kind of have the idea right in front of you:





Hurricane season - was extremely mild





Instability in the Middle East - has calmed down exceptionally from the summer





Alaskan Supply - has begun to recover quicker than expected





Plus...





-Building crude supplies week after week (due, in part, to declining demand)


-Speculators getting out of the market (this has been seen especially in Nat Gas)


-Oil prices tend to decline in the fall (historically) around 20% nearly every year...this year it just happened about 6-7 weeks earlier than expectedWhy has the price of oil declined recently so dramatically?
Supply exceeds demand...and instead of the Saudis cutting back production, they are keeping it at a high level in order to depress the price. Why? Because it is important for the Saudis to prop up the Republicans prior to the election. Also, to deprive Iran of the extra revenues is a bonus for the Saudis.
Election time: Bush needed to increase his approval rating to help boost the Republican Party

Does anyone have a good idea what price home heating oil will reach this winter in late 2009?

I have the option to pre-buy at least 500 gallons for $2.89/gallon if I pay a $100 fee up front. Part of me thinks that with the bad economy, it could stay low, but yet I live in CT and one cold winter could send them up over $4/gallon yet again. Any experts care to weigh in. Much appreciated. Thanks.Does anyone have a good idea what price home heating oil will reach this winter in late 2009?
We just locked in June 20 at 2.49 gal. I prepaid for 400 gallons. News papers on Sunday said the speculators are at it again. Driving the price of a barrel up

Why do gas prices not closely follow the price of crude oil?

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

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.

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

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