Fuel inreases again.

Malaysia
June 14, 2008 1:15am CST
Fuel increases through out the world. All people panic. Food price increases, inflation increases. Wages not enough, lower income. Demonstration here and there. People frustrated,that is what make the people mad. I don't know why fuel price increases. Can anyone explain to me why?
4 responses
@ashnigam (96)
• India
14 Jun 08
It could be because of our over dependence on oil and its by-products. This leads to greater demand than the production of oil. Oil rich countries should try to explore more on this issue of production and on the other hand some alternative source also is to be developed to substitute oil.
• Malaysia
14 Jun 08
That what I had in mind. Shortage of fuel for years to come must have plan to overcome this.
@golfproo (1839)
• Canada
14 Jun 08
Hi There! There are a variety of reasons why the price of fuel increases. One of the reasons is greed. The price of fuel is dictated by the oil market. You have a number of speculators in the market who direve up the price for unjustified reasons. They try to create fear and panic. Other than that (which is the main reason) it is all about supply and demand. More countires are developing which requires more fuel. Also, many places have entered the summer months which requires more fuel. All supply and demand. cheers,
• Malaysia
14 Jun 08
For Years to come. there will be shortage of fuel, what ever it is, how to overcome these problems.
@creationhub (3066)
• Malaysia
24 Jul 08
Let us not frustrate ourself because of the fuel hike. Yes, all of us have to make ends meet. The positive side of fuel hike is that now we have to realign our spending habits. As for me, I have started using public transport which cuts down my petrol bills. At the same time, I get to exercise my body by walking more. That's being positive. We cannot change the situation by demonstrating. But we can make our world a better living place by economizing. Less unhealthy food leads to better health, for example.
@YOULANLIU (311)
• China
14 Jun 08
I think the fundamental reason is that the U.S economic recession.OPEC should take measures to increase oil production.Otherwise,car will become luxuries for everyone.
• Malaysia
14 Jun 08
I'll agree with you but for those who are living in poor countries, for example in South East Asia where their economy is fair, an oil producer but still fuel increases in their country. The country become richer but the people live in disaster. It must be other reasons, I still like to know what it is.