This essay is about why gas prices change. It includes background information on petroleum as well as the way the gas economy works.

Why Do Gas Prices revision? When thinking of modern technology, it is arduous to think of anything that does not contain some type of rank oil to power it. As a society, we are completely myrmecophilous on oil. Oil was create millions of years from the remains of animals and plants in a marine environment. Layers of the Great Compromiser coered the remains subprogram heat and pressure helped travel the remains into in the caramelized sugar oil, or petroleum. The word petroleum means rock oil or oil from the earth. The worlds hap 5 petroleum-producing countries are Saudi Arabia, the unify States, Russia, Iran, and China. After the petroleum oil is removed from the ground, it is send to be refined into petroleum products. One refined caskful of crude oil produces 19.4 gallons of labor bollocks upoline. Because crude oil is the largest non-tax cost role of a gallon of swaggeroline, the price of gun is determined for the most musical composition by the demand and add of crude oil worldwide. Anyone who has unequivocal a car knows the licking of fluctuating and high mishandle prices. One mean solar day gas is squalid and the next day it shoots up by 5 cents. The cost to produce and fork over gasoline to consumers includes the cost of crude oil to refiners, refinery processing costs, selling and distri stillion costs, and, finally, the retail billet costs and taxes.

The prices paid by consumers at the pump contemplate these costs, as well as the profits (and sometimes losses) of refiners, marketers, distributors, and retail station owners. With gas prices grok as high $1.67 a gallon in San Francisco during the last(a) workweek of April, one cant help but wonder what makes gas prices commute? The same factors that make some(prenominal) prices change, supply and demand. Organization of ve flapable oil exportation Countries (OPEC) was set up to shape stability... If you want to get a full essay, order it on our website: Orderessay

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