Name: 2/20/2013 Specific Purpose: To inform my audience about why gas prices are so high, and continue to rise. Central Idea: Gas prices are on the rise in the US recently because of three major factors: the price of crude oil, the increase in internal regulations, and the increased demand for the gas. Organizational pattern: Topical Introduction I. Attention-getter: Back home, I used to spend 6 dollars to fill my car with gas. Unfortunately, today I spent 70 dollars, actually some times it goes up to 80 $ and it looks like there is a good chance for the price of gas to keep increasing. I was wondering why? II. Establish credibility: I have done some research about gas prices and why they keep changing here in the …show more content…
C. It looks like the increased demand for oil is only going to continue, which, in turn, will make gas prices go higher. Conclusion Transition signal: In conclusion, the next time you fill up your gas tank might not be cheaper, but at least you will know why you are paying more for gas. Summery: Now you know that the rise in gas prices is because of three main factors, the price rising of crude oil, continues increase in internal regulations in the United States and the huge increased demand for the product in and out side the United States. Before I end, it looks like the cost of gas will continue to rise, I am afraid that one day one of us we will come to class riding a camel. References Bonsor, Kevin and Ed Grabianowski. "How Gas Prices Work." How Stuff Works. 20 FEB 2013. . “Brief History”. Organization Of The Petroleum Exporting Countries, n.d. Web. 20 FEB 2013. . Lynne Kiesling. “ Why Are Gas Prices High and Rising.” 23 Mar 2004. Knowledge Problem. 20 FEB 2013. . Reuters. “Focus on Demand as Gasoline Prices Rise.” 27 Aug 2005. FoxNews. 20 FEB 2013. . Reuters. “Two-Thirds of E. Coast Refiners Shutting as Hurricane Sandy Nears.” 29 Oct 2012. FoxNews. 20 FEB 2013. . "What 's Causing High Gas Prices?" WTMV. CNN, 28 Feb. 2012. Web. 20 FEB 2013. . " WHAT DRIVES CRUDE OIL PRICES? " U.S Energy Information Administration. Gov Website. 20 FEB 2013. <
High desiel prices are a consequence of capitalism. As all fuel prices have been going up people are blaming the federal govenerment. They believe the president has influence of derterming the outcomes of tensions betwwen Israel and Iran. Some people blame incrased prices based on fears around the world. It all comes down to one thing to blame, capitalism. Calitalism can be great to an economic system because of its emphasis on efficienc and inbradible success rate at allowing those who control the means of production and resources to meet the demands of those with purchasing power. Capitalism is constantly evolveing and will impact the gap between current and future goals on oil prices.
Another cause for the decline in oil prices is caused by an increase in consumers purchasing more fuel efficient vehicles, such as hybrid or electric vehicles. In many countries today, especially in North America, there has been an increased demand for fuel efficient vehicles. This is evident in TV commercials which are advertising more and more vehicles that get 40 to 50 miles per gallon, and by the ever increasing commercials for electric vehicles. Consumers are tired of paying outrageous prices for oil and are demanding more for their money. As this demand continues to grow, the demand for oil will decrease.
Despite the real life anecdote described above, a lot of people don't understand why and how gas prices rise and fall. There's an increase in attention to gas prices when they're higher or lower than usual because that directly concerns them as a consumer. Even when gas prices are higher, consumers keep paying because there's not really an alternative out there besides buying a new environmentally friendly car. However, there's currently a much deeper problem in the United States related to gas prices. Today, in particular, gas prices are a lot less than they have been but most Americans brush it off and wonder something along the lines of ""Who is that bad for?"". I mean, fuels costs eat up a large share of earnings in the
Gas is something we need in our day-to-day life to operate vehicles that bring us places we need to go. Without gas we can't go on living our normal lives. Sadly the prices of gas are not pleasant to the consumers at times, but we have to deal with it. Around the year 2012 gas was a staggering $ 3.60 average and was $4.00 at time, the people were asking the government to mandate gas prices. Although if the government were to mandate gas prices, the prices would be more appealing to the consumers, but not for the long run.
Fuel Prices Increase - The recent fuel price increase sparked anger amongst motorists across the UK. A protest
The price of gas has gone up for the 30th day in a row, and with it tempers are rising. Increased demand for public transportation is expected to continue into the spring [1]. The impact of high oil
If the government decides to continue with the drilling of new sites or expand the Keystone XL Pipeline there are environmental dangers and concerns to follow and still not enough oil production to fuel the countries demand. The importing of oil from foreign countries would still be a necessity. For now the prices of gasoline are still on the rise and with use of the oil money future tool prices are sure to continue rising. As it seems in this current economic crisis, consumers need to make their voice heard with the government and hope something will change with the way oil is produced and imported to lower the cost for everyone.
The following article is regarding what is most important to everyone around us regarding the pricing for gasoline at the pumps. This is a topic that concerns most people on this planet, why are the prices for gasoline so high and is it regarding the greed of oil producing companies to continue to keep rising the gasoline prices as high as possible. We will discuss the many reasons why these fluctuating pricing keeps occurring within our world market. We will use the retail gasoline pricing between the
In today’s society, everyone seems to be in a rush. Convenience trumps nearly anything and everything. The closest and the promptest option is the one we often lean toward, regardless of the consequence or cost. One of the biggest convenience items within the 21st Century is gasoline. Regardless of the price, we often purchase this item at the most suitable site and time, especially when we are in desperate need of the item. Gasoline companies are alert that convenience is ideal; therefore, they alter gas prices to obtain the greatest amount of business.
The demand of gasoline has increased steadily over the last twenty years. In 1981 the U.S. averaged 6.5 million barrels of gasoline consumption per day. By comparison, in 2004 the U.S. averaged 9.2 million barrels of gasoline consumption per day. For most of this time period, gas prices stayed relatively the same. This is because the U.S. refineries increased their production to meet the demand and maintain the equilibrium price. Also during this same time period worldwide demand for crude oil increased 27%. Crude oil producers also increased their production to meet the demand keeping prices the same.
Over the past two years, oil prices have increased very rapidly. “With OPEC production cuts and a growth in crude oil demand,” oil prices went from a 25-year low of $11 per barrel in February 1999 to a peak of close to $36 per barrel in December 2003 (Jablon 1). “Some analyst, however, said the cut could soon push crude prices above the psychologically important threshold of $40 per barrel and worsen the pain for U.S. motorists” (“Rising Prices Fuel Gas Clash” 1). During this winter, the price of natural gas has gone through the roof. This brings many questions to mind. Are the companies just raising prices? Is there actually a shortage that is causing the raise in price?
Although the rising price may not seem to limit the drivers on the road, it does contribute to the growing problem of debt among the country. Resources for gasoline have taken a plunge over the years because now a day’s more and more people are driving on the road, resulting in more people needing gasoline.
Drivers realize that the price of gas is tied to the market value of crude oil, and has a direct impact to their daily commutes, errands, and vacations. However the reality is that the price of fuel has implications much grater than most consumers realize. Fuel prices affect nearly everything we purchase. For example, the price of farm commodities and food increase because farmers pay more for the fuel for their farm equipment and trucking firms pay more for fuel to get the commodities to market. These shipping “fuel surcharges” impact all goods
What is the reason that gasoline and fuel prices are so high? Most people believe it is because of OPEC raising
The US consumed 142 billion gallons of gasoline in 2007 and the tax applied on it is 18. 4 cents on one gallon. All around the US, there are around 162,000 retail gasoline outlets. With the price of crude oil hovering around $100 a barrel, it is no wonder that concern is growing about the gas prices being so high. After all, modern economies are kept moving by this lifeblood. For instance, in the United States alone personal vehicles consume more than 140 billion gallons of diesel fuel and gasoline per year.However, there are several factors that contribute to the gas prices being so high. Given below are a few of them. Increasing Demand for Oil One of the main catalysts for the incessant rise in gas prices has been one of the most