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The price of oil and gasoline skyrocketed in 2007 and the first half of 2008. Analysts ascribed the sharp rise to a confluence of factors. Investors have been buying high-priced oil futures, and are currently being investigated for possibly manipulating oil prices. India and China have a much higher demand for gas, but world oil production has not increased to match the demand. The declining dollar has also been pegged as a cause.
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Fast Facts
- Americans consume 20 million barrels of oil a day
- Taxes: 12% of U.S. gas price
- United Kingdom: Taxes over 50% of gas price
- Most expensive gas: $9.69/gallon (as of May 31, 2008), Norway
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Price of Oil and Gasoline on Twitter Powered by Twitter
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Delta FP: Economic growth and costly oil: The 20-cents per gallon spike in the price of gasoline the w.. http://bit.ly/4h6nIi
@agritweets | November 03, 2009 04:22 PM
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Price of Oil and Gasoline on Amazon | View All
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Questions and Answers About Price of Oil and Gasoline | View All | Ask a Question
View All Price of Oil and Gasoline Questions (1198) | Ask a QuestionWhere can I find the gasoline prices per state? (4 Answers)For comparing gas prices in different states: http://www.fuelgaugereport.com/sbsavg.asp http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html To know, where you can buy cheapest gas: http://gasprices.mapquest.com/ http://gasbuddy.com/ http://www.energyalmanac.ca.gov/transportation/index.html read moreLooking for closing price history of nearest month oil futures over last 10 years online for research project? (2 Answers)http://www.inflationdata.com/inflation/Inflation_Rate/Historical_Oil_Prices_Table.asp shows the Annual average domestic crude oil prices from 1946 to the Present the prices are corrected for inflation. also here is a chart showing the crude oil price ... read moreHow many gallons of gasoline were consumed in the last five years in the US? (2 Answers)137.80 billion gallons in 2008 Past five years: 3332579+3343131+3377174+3389269+3290057 barrels = =16732210000 barrels or 702,752,820,000 gallons read moreWhat are the top five gasoline brands sold by volume? (1 Answer)In canada, I know 4 Esso Petro Canada Shell Sunoco read more
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