Why are gas prices rising?

Why are gas prices rising?

  • Answer:

    Gas price rising:Limited resources with ever increasing demand. 1. Gap between supply and demand is rising and it increases price. due to , a) more big cars are on the road.b) newly developed countries increases the demand for car and so the demand for gas. c) limited production of gas with increasing demand for it. 2. Illegal Cartel formed by the OPEC countries to control production and thus the supply. 3. Developed countries mostly are not using own resources for future use. 4. Speculation also plays role to increase price. 5. Some countries imposed high duty on petrol and petroleum product to earn revenue. 6. Alternative substitutes are not available. Comment: One day will come when our future generation may have to see the World without any gas or petrol.

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Gas price rising:Limited resources with ever increasing demand. 1. Gap between supply and demand is rising and it increases price. due to , a) more big cars are on the road.b) newly developed countries increases the demand for car and so the demand for gas. c) limited production of gas with increasing demand for it. 2. Illegal Cartel formed by the OPEC countries to control production and thus the supply. 3. Developed countries mostly are not using own resources for future use. 4. Speculation also plays role to increase price. 5. Some countries imposed high duty on petrol and petroleum product to earn revenue. 6. Alternative substitutes are not available. Comment: One day will come when our future generation may have to see the World without any gas or petrol.

Sipra M

Market manipulation. That's how it goes with many things.

itsjunglepat

Because greedy bas-turds want more money. With crude at a low, pump prices have risen almost 25% in Virginis.

Bob

Market manipulation. That's how it goes with many things.

itsjunglepat

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