Pumping Up Prices
I can remember when I was a teenager and it was time for me to start purchasing gasoline for my own vehicle at the fuel station. Gasoline prices barely ever seemed to change back then. Weeks would pass by and the price posted at the fuel station would always be the same. When there did happen to be a price change, it was just a few cents difference. Those days of consistency are well behind us now.It seems like every time I drive to the gas station to fill my vehicle up with more fuel the price has increased or decreased from the previous time. Sadly enough there is more increasing of prices than there are of decreasing. How can this be right? Are we getting ripped off just because fuel is an everyday necessity? You would think that with the ability for us to recycle petroleum that prices would at least stay about the same. I have heard many reasons as to why prices change as often as they do, but how many of them are really legitimate? I tend to think that greed has a lot more to do with it than some petroleum companies are willing to acknowledge. The majority of people living in the United States are not pleased with this constant increasing price of gasoline. We have been emptied of our wallets for to
Because gasoline is central to our economy and our way of life, we are understandably concerned about the price of filling our vehicles' tanks. Over a period of a month, the cost of a gallon of gasoline can fluctuate by as much as fifteen cents or more (Burdette). Some sites even let you know the price of gasoline for each state, and even for certain cities. California prices are more variable than others because there are relatively few supply sources of its unique blend of gasoline outside the State (Hahn). Hopefully you have found this topic to be helpful, and maybe now you understand a little more as to how petroleum is purchased and sold. Sometimes the reason for price change is legitimate and sometimes it may not be. The United States imported two hundred and seventy three million barrels of oil in January 2001. If you do not hear anything on the news, then you might think about reporting it to the news station to find out if a business is going against set regulations. Even though we may not like the prices at the pump at least we can understand the truth about them. I suppose that this is one of the reasons why they say location can make or break you. We may not be able to set the prices that we want, but we can change other things in our life to help ease the pain. We need direction and understanding as to why this happens. Prices are always changing, just like the stock market. Together, these eleven nations account for forty percent of the world's oil production and seventy percent of the world's oil reserves, according to the Energy Information Administration.
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