Eric R asked: The price of crude oil is dropping like a rock, but gas prices have remained steady or have gone slightly up in past months.
Why do you think it is so?
Do you think the U.S. Government have anything to do with it?
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on Wednesday, June 9th, 2010 at 10:30 am and is filed under oil prices.
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June 11th, 2010 at 10:43 am
The oil pump and the gas pump and the gas pump it mostly has to do with refinery capacity and the gas pump and the gas pump and demand.
June 14th, 2010 at 2:59 pm
they have no relation to each other
June 16th, 2010 at 10:31 am
The oil companies and their greed themselves how else could they keep making record profits.
June 18th, 2010 at 1:21 pm
The cost of crude oil industry.
June 20th, 2010 at 6:42 am
Because Al Gore invented oil, therefore, he invented gas, therefore, he invented Global Warming!!!!
Aaaaahhhhh!!
June 22nd, 2010 at 4:46 am
The first answer is correct.
Oil prices can be seen here -
Oil hit $32 barrel and has since moved up as have prices at the pump.
The law of supply & demand works every time - unless the government interferes. With new oil coming out of the ground at $45-$60 barrel the oil company profits will begin to fall rapidly.
If the oil companies could manipulate prices as some uninformed people claim - Why have the prices fallen so much, even below costs?