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21

Feb

Do you think gas prices will ever stop fluctuating like this?

Posted by admin as Gas Prices

I don't understand how it works. Oil barrel prices are still very low but gas prices are going up again. I know OPEC cut production but isn't the price of the barrel what determines the prices at the pump? I think it is just all about GREED!

Literally? Yeah. Estimates say we will run out of gas in 20 or 30 years, so the only gas people will be buying is little collectors' items of gas in tiny bottles.

The prices at the pump seem to be based on speculation, and how the owner woke up feeling that morning. If they sense they can get away with it, it seems like they, um, pump it up.

Here's a good basic primer on gas prices. V. simple and easy to understand. The links to the other pages are more interesting than this page (which nominally answers your question, but little more), so I recommend reading the whole thing. (-: It should only take three minutes.

http://userwww.service.emory.edu/~lzhu6/causes.htm

2 Comments »
mcgee says February 21st, 2009 at 3:29 pm

nope, as long as the economy is like this, unstable, the gas prices will also be stable. however, the gas stations are really only raising the prices, there hasn't been much different in the actual value of oil or the barrel.
References :

Madame M says February 21st, 2009 at 4:14 pm

Literally? Yeah. Estimates say we will run out of gas in 20 or 30 years, so the only gas people will be buying is little collectors' items of gas in tiny bottles.

The prices at the pump seem to be based on speculation, and how the owner woke up feeling that morning. If they sense they can get away with it, it seems like they, um, pump it up.

Here's a good basic primer on gas prices. V. simple and easy to understand. The links to the other pages are more interesting than this page (which nominally answers your question, but little more), so I recommend reading the whole thing. (-: It should only take three minutes.

http://userwww.service.emory.edu/~lzhu6/causes.htm
References :

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