Saturday, August 21, 2010

Why is it, Gas is Going up although OIL is coming down? Gas jumped to 2.09 here today..?

It was down to 1.67, then worked its way up to 1.99 when oil was trading at 50. Then it started to come back down and it hasnt dropped. Then it went up a little and they raised the priced to 2.09. Now oil traded at less than 38 today.. WHATS THE FRICKIN DEAL? Why isn't gas under 1.50/gallonWhy is it, Gas is Going up although OIL is coming down? Gas jumped to 2.09 here today..?
The petrol is pretty cheap in Australia at the moment, but we buy our oil from Asia. I have noticed that before the world economic crisis, when the world was supposed to be doing so well that the price was through the roof. We were paying $1.50 a litre or more as standard.


Now that the world is facing economic doom and gloom and we as countries do not have that sort of money anymore, than the petrol prices went down. They have been around the 95c a litre mark since the crash. It does not seem to me to be the supply and demand situation effecting the price, more who has the most money to pay for it. If we all as nations stood together and refuse to have a gun pointed to our heads when it came time to pay for it, then we can all go ahead burning the last of our non renewable fuel resources, at a reasonable price.Why is it, Gas is Going up although OIL is coming down? Gas jumped to 2.09 here today..?
-The war between Israel and Palestine in the middle east disrupting oil fields





-OPEC's recent vote to cut the oil production





-People now buying gas more since its cheap
SAME HERE... I just went to the gas station this morning because I heard on the news that oil was down and ... VOILA the price of gas is up!

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