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It's the basics of supply versus demand. The demand is extremely high right now and supplies are mediocre ... hence the price goes up.
The other reason is that the big oil companies want to make Billions of dollars of profit and won't want to share their fortune with anyone. The government needs to step in and regulate fuel prices.
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∙ 15y ago
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What is the likely effect of this high demand on gasoline prices?
The Price of the gasoline with increase : D
What is likely effects of this high demand on gasoline prices?
The Price of the gasoline with increase : D
Why is petrol now the same price as diesel in the UK?
Gasoline is a necessary commodity, and the people who refine oil into gasoline and sell it set the price however high they want to. Because demand for fuel is so high, they can set a high price for both petrol and diesel because they know that people will pay for the necessary gasoline for their vehicles.
Who controls the price of gasoline?
the government controls the price of gasoline
Gas price in 1980?
In 1980, the US national average price of a gallon of regular unleaded gasoline was very high for the times: $1.25 - equivalent to about $3.31 per gallon in 2010.
The Price of Gas in 1980?
The price of gasoline in 1980 was actually very high. It was $1.60 a gallon, which is equivalent to about $5.33 in 2011 dollars.
What are people doing about the high price of gasoline for their vehicles?
Protest by not buy gas on May 15,2007.
What year was the all time high price for a gallon of gasoline?
In some countries it is $10.00 a gallon.
What is the price of Gasoline in Warrenton, Mo. 63383?
What is the price of Gasoline in Warrenton Mo.
Which statement most accurately explains the effect pf competition among local gas stations on the price of gasoline?
The demand for gasoline will decrease. The price of gasoline will decrease. The supply of gasoline will increase. The price of gasoline will increase.
What was the price of gasoline in 1993?
Years ago the price of gasoline was very less expensive. For example in the year 1993 the price of gasoline was approximately $1.11 per gallon.
The demand for gasoline increases during times when many people go on vacation This happens in summer and on holidays like Memorial Day What is the likely effect of this high demand on gasoline pric?
The price of gasoline will increase.
