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How come when there is a perceived instability in the world gas prices rise accordingly?
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price | 14 Viewers|  Happy for once in my life. 2008-08-01 20:21:33 Publish:Greed..........they try to pass it off as insecurity......but in the end...it's all greed.(Happy for once in my life.) The prices of commodities are derived, in part, from the expected cost of carrying the item for a certain period of time. When the geo-political environment becomes less certain, the perceived risk of carrying a commodity becomes greater. Risk is statistically expensive. Therefore, when risk goes up, so do commodity prices.(Mike H) commodity markets in general panic when perceived instability. It is because gas is a very necessary commodity, and when there is any chance that its supply would be curtailed by a world event, the demand for it goes up, and so so prices.(Insprofe...) 59% of the price of gas goes to crude oil Organization of the Petroleum Exporting Countries (OPEC), a consortium of 11 countries: Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela. OPEC will reduce production of refined oil to raise prices of gas. [supply meets demand.] Hurricane season will raise gas prices to make up for the potential loss of refineries or reserves of the coasts. Hurrican season is also during the summer when travel is most frequent. 11% of the price of gas also goes to distribution; shipping by truck, air, ship costs money to fuel. 20% of the price of gas goes to uncle sam. [war costs] that's it in a nutshell(Jacob R) That never used to be. It started when Bush was elected - that is not a coincidence. Before that gas prices rose when there was an actually reason - not a perceived one.(thehuntr...) Some of us are ants, if the wind blows, we freakout and get lost.(admyr75) I agree that it is greed. Perceived instability is not actual instability. If the supply runs out, then the price would go up if there was less to go around. Why does it keep going up just in CASE it may run out? How can the gas companies still have record profits when they are supposedly in such a crisis?(advicemo...) the real question is why do they raise the price when the truck of new fuel is not due for 4 days, so the are jacking up the price of fuel when they paid less for it.(native) Sometimes there are real reasons. Other times they just have to justify taking you money.(mrimprov...) Yahoo Search:price How come when there is a perceived instability in the world gas prices rise accordingly? world gas prices Related Digs: Google Search:world gas prices How come when there is a perceived instability in the world gas prices rise accordingly? price Related Digs: |