Find solution
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.

Concerned at Yahoo! Answers Visit the source

Was this solution helpful to you?

Other answers

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

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.