What causes gas prices to rise and fall?

maverick | Legendary Invincible!
 
more |
XBL:
PSN:
Steam:
ID: Maverick
IP: Logged

4,303 posts
 
t4r

 
Mad Max | Mythic Invincible!
 
more |
XBL:
PSN:
Steam: madmax0808
ID: Mad Max
IP: Logged

7,519 posts
 
OBUMMER

really though, i couldn't begin to tell you.
Last Edit: January 08, 2015, 04:37:31 PM by Mad Max

 
 
challengerX | custom title
 
more |
XBL:
PSN:
Steam:
ID: challengerX
IP: Logged

41,942 posts
I DONT GIVE A SINGLE -blam!- MOTHER -blam!-ER ITS A MOTHER -blam!-ING FORUM, OH WOW, YOU HAVE THE WORD NINJA BELOW YOUR NAME, HOW MOTHER -blam!-ING COOL, NOT, YOUR ARE NOTHING TO ME BUT A BRAINWASHED PIECE OF SHIT BLOGGER, PEOPLE ONLY LIKE YOU BECAUSE YOU HAVE NINJA BELOW YOUR NAME, SO PLEASE PUNCH YOURAELF IN THE FACE AND STAB YOUR EYE BECAUSE YOU ARE NOTHING BUT A PIECE OF SHIT OF SOCIETY
This user has been blacklisted from posting on the forums. Until the blacklist is lifted, all posts made by this user have been hidden and require a Sep7agon® SecondClass Premium Membership to view.

 
 
DAS B00T x2 | Cultural Appropriator
 
more |
XBL:
PSN:
Steam:
ID: DAS B00T x2
IP: Logged

37,630 posts
This is not the greatest sig in the world, no. This is just a tribute.
The constantly changing rate that oil trades at.

 
Kinder Graham | Respected Invincible!
 
more |
XBL: TFL Blazing
PSN:
Steam:
ID: IchEsseKinder
IP: Logged

7,291 posts
TUNNEL SNAKES RULE
(ง ͡͡ ° ͜ ʖ ͡ °)ง
OPEC was created to control production and prices

As of recently, OPEC nations have been trying to undercut each other which has led to decrease in prices but maintaining of oil production. Oil produced from the U.S and other places also has caused stock to basically overflow and create even lower prices. Gas from the corner of my house is currently $1.99

 
 
More Than Mortal | d-d-d-DANK ✡ 🔥🔥🔥 🌈ðŸ‘
 
more |
XBL:
PSN:
Steam: MetaCognition
ID: Meta Cognition
IP: Logged

15,060 posts
This is the way the world ends. Not with a bang but a whimper.
Supply and demand.

The more/less demand, the higher/lower the price.

The more/less supply, the lower/higher the price.

OPEC nations have decided to not cut production at the moment, despite the price of gas.

maverick | Legendary Invincible!
 
more |
XBL:
PSN:
Steam:
ID: Maverick
IP: Logged

4,303 posts
 
Quote from: Kinder Graham on January 08, 2015, 04:44:41 PM
Quote from: Meta Cognition on January 08, 2015, 04:53:00 PM
Since the United States isn't a member of OPEC, where does the US and other countries' oil go to?

 
Septy | Mythic Inconceivable!
 
more |
XBL: DarkestSeptagon
PSN: Fallfav
Steam:
ID: Septy
IP: Logged

12,027 posts
See you Cowgirl,
Someday, somewhere
OPEC

Supply and demand

 
Septy | Mythic Inconceivable!
 
more |
XBL: DarkestSeptagon
PSN: Fallfav
Steam:
ID: Septy
IP: Logged

12,027 posts
See you Cowgirl,
Someday, somewhere
Quote from: Maverick on January 08, 2015, 05:06:43 PM
Quote from: Kinder Graham on January 08, 2015, 04:44:41 PM
Quote from: Meta Cognition on January 08, 2015, 04:53:00 PM
Since the United States isn't a member of OPEC, where does the US and other countries' oil go to?
It goes to local gas stations. But you can't sell oil if you're charging $2.99 per gallon and oil from OPEC countries are charging $1.99

 
 
More Than Mortal | d-d-d-DANK ✡ 🔥🔥🔥 🌈ðŸ‘
 
more |
XBL:
PSN:
Steam: MetaCognition
ID: Meta Cognition
IP: Logged

15,060 posts
This is the way the world ends. Not with a bang but a whimper.
Quote from: Maverick on January 08, 2015, 05:06:43 PM
Since the United States isn't a member of OPEC, where does the US and other countries' oil go to?
I'm not well caught up on U.S. legislation, but I'm pretty sure there are some restrictions on how much/what can actually be exported--at least on natural gas.

It's part of the reason OPEC are really having to shoot themselves in the foot, because natural gas in America at the moment is depressing prices so much.
Last Edit: January 08, 2015, 05:14:25 PM by Meta Cognition

 
Lemy the Lizerd | Heroic Unstoppable!
 
more |
XBL:
PSN:
Steam:
ID: Lemy the Lizerd
IP: Logged

2,002 posts

 
gats | alo
 
more |
XBL: goooots
PSN:
Steam: goootsby
ID: Gatsby
IP: Logged

19,290 posts
You will find out who you are not a thousand times, before you ever discover who you are. I hope you find peace in yourself and learn to love instead of hate.
Oil prices have dropped so much yet us Brits are still paying ridiculous prices for fuel. Fucking fuel taxes

 
PSU | Legendary Invincible!
 
more |
XBL:
PSN:
Steam:
ID: PSU
IP: Logged

6,089 posts
 
Prices of crude oil

 
 
More Than Mortal | d-d-d-DANK ✡ 🔥🔥🔥 🌈ðŸ‘
 
more |
XBL:
PSN:
Steam: MetaCognition
ID: Meta Cognition
IP: Logged

15,060 posts
This is the way the world ends. Not with a bang but a whimper.
Quote from: goootsby on January 08, 2015, 05:26:20 PM
Oil prices have dropped so much yet us Brits are still paying ridiculous prices for fuel. Fucking fuel taxes
You know the price of petrol is like fucking 62pc tax?

 
Darth Ra 7365 | Posting Spree
 
more |
XBL: Darth Ra 7365
PSN:
Steam:
ID: Darth Ra 7365
IP: Logged

147 posts
420 Blaze the doritos.
Demand

 
 
More Than Mortal | d-d-d-DANK ✡ 🔥🔥🔥 🌈ðŸ‘
 
more |
XBL:
PSN:
Steam: MetaCognition
ID: Meta Cognition
IP: Logged

15,060 posts
This is the way the world ends. Not with a bang but a whimper.
Quote from: Darth Ra 7365 on January 08, 2015, 05:54:34 PM
Demand
. . .

And supply.

Especially in this case.

 
Darth Ra 7365 | Posting Spree
 
more |
XBL: Darth Ra 7365
PSN:
Steam:
ID: Darth Ra 7365
IP: Logged

147 posts
420 Blaze the doritos.

 
Kinder Graham | Respected Invincible!
 
more |
XBL: TFL Blazing
PSN:
Steam:
ID: IchEsseKinder
IP: Logged

7,291 posts
TUNNEL SNAKES RULE
(ง ͡͡ ° ͜ ʖ ͡ °)ง
Quote from: Maverick on January 08, 2015, 05:06:43 PM
Quote from: Kinder Graham on January 08, 2015, 04:44:41 PM
Quote from: Meta Cognition on January 08, 2015, 04:53:00 PM
Since the United States isn't a member of OPEC, where does the US and other countries' oil go to?
I'm sure it's exported to other countries, but under a restricted amount I would assume. Obviously a big bulk of American oil is staying in America because it's a major reason prices have declined