Why is it not the case therefore that since oil has fallen to more or less its original price as in July 2008 have gas prices not gone down proportionally ????
When the Govt. allowed an increase in gas prices it claimed a link between gas %26amp; oil prices to be the reason.?
Because gas is purchased wholesale months in advance. When the negociations were going on oil was high hence gas prices higher. Assuming oil remains the same or falls I would expect gas to come off towards the end of next year - although dont be surprised if there is another price increase before then.
When the Govt. allowed an increase in gas prices it claimed a link between gas %26amp; oil prices to be the reason.?
We shall never know the truth.
First we were told that the gas prices skyrocketed because of great demand and than we were told because the demand had been down.
Since we cannot do anything else as citizens, let us at least demand, that the oil companies pay higher taxes. It is our money anyway. We
filled their pockets to the hilt.
Because when the cost of a barrel of oil increased, the cost of gas did not increase proportionately.
The government does not regulate gas prices.
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