Since the gas pries go up i was wonder who decides what price to charge for gasWho decides what the oil prices are in the us?
If you are talking only about the price of gasoline I believe the business owners who need to make a profit set the prices based on their market, taxes and demand.Who decides what the oil prices are in the us?
The people driving around in Hummers and other SUVs. The politicians who refuse to implement policy for alternative fuel sources. Big Oil companies who only care about their bank accounts. Car manufactures who shut down their production of electric vehicles because they were being pressured by oil companies. The consumer who whines about oil prices and then whines about alternative fuels not being able to allow them to drive as fast as they want (God forbid we slowed down on our roads). Essentially...everyone is responsible.
The stations where you fill up. Obviously they are not going to sell it for less than they paid for it so as their costs go up, so do yours. As for oil prices, they come from how much supply is available, ie. being pumped out of the ground, and how many people want it. If supplies are cut back or if demand goes up, then the price increases. This is usually decided by OPEC, a cartel of individuals from several oil producing countries. Hope this helps.
A collusion of Big Oil Companies. Notice how every station changes at the exact same time. That's collusion (and it's illegal under the Sherman Anti-trust Act)
I remember when we used to have competition and ';gas wars'; where oil companies would have sales like other businesses.
Oil prices or Gas prices? Oil prices are set by an international organization called the OPEC. Gas prices are set by the actual oil companies in the US. Mobil is probably the largers US Oil company so have a good saying of what the prices will be.
Its largely determined by oil prices on the world market. Add to that various taxes AND the seller's mark up, you get a price at the pump. Note that the US prices are significantly lower than Europe because we have fewer taxes added on.
Not who, but what. Supply and demand dictate prices here in America. We are a capitalist country that lets the free market decide the price.
The producers of said oil and the companies that handle it.
oil companies, going rate and inflation I think
I would assume the gas companies.
speculators say it going up and it does, speculators say its going down and it does so I'd say they're in on it
Speculators
middle eastern suppliers
The free market.
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