fuel prices

United States
July 16, 2006 4:17pm CST
why are fuel prices so high with pumps here is states not running
4 responses
• India
17 Jul 06
It is not in ur contry, the prices are raised twice from 6 months even in india, this is due to some unavoidable reasons, so we must accept this.
@rherdey (966)
• United States
17 Jul 06
With the unsteableness in the middle east the future of oil is unstable. This will cause the price of oil in the stock markets to rise so that in case the middle east become more unstable we have a supply of oil to last for a period of time. Plus the US does not have enough refinerers to keep up with the supple of demand. That is why in some states you will hear more and more about ethenol gas. That is gas made of corn, which the corn comes from the farmers in the US. Right now not all cars are able to burn this type of fuel. Car manufactors are now making cars that wil burn both types of fuel. Good luck
@QnAQueen (555)
• United States
17 Jul 06
aside from the price per barrel of raw material or crude oil, prices of gasoline are affected by supply and demand as well. while sedel mentioned the effects of hurricane katrina, if a lot of gasoline manufacturers (refineries) are not running at full capacity, there is decreased saupply and will therefore force prices upwards, too. on the other hand, when deman increased due to a longer, colder winter for a lot of the eastern states, that likewise caused an increase in prices.
@sedel1027 (17852)
• United States
16 Jul 06
The price at the pumps is dictated by the price per barrel of gasoline, the higher than number is the more we pay at the pump. Price at the pumps is higher than last year because many oil rigs in the US are not up to full speed since hurricane Katrina reducing the supply and therefore allowing the price per barrel to sky rocket out of control. Overall, each year the price of cas has gone up, even if it is a just a little bit. I remember back in 1996 when gas was less than one US dollar. Really makes you want to buy a hybrid car.