For instance, while gas prices soared 31 cents in april and early may of 2001, reaching $171 per gallon (which seems inexpensive compared to today's prices), prices actually declined during the 2001 summer. It seems like gas prices at the pump can jump several cents in a given week - or even a given day what s driving these fluctuations the nacs gas price kit is now available to addresses these questions and more learn more. The contract market, as well as the spot and futures markets, can normalize the cost of gasoline when supply and demand fluctuate read more about why gas prices to fluctuate, and check out our gas prices infographic, which shows how gas prices and the cost of common items have changed in the last 50 years.
Gasoline prices can change rapidly if something disrupts crude oil supplies, refinery operations, or gasoline pipeline deliveries even when crude oil prices are stable, gasoline prices fluctuate because of seasonal changes in demand and in gasoline specifications. Well, if 50% of the cost of gas is directly influenced by the cost of crude oil, we can assume that retail gas prices fluctuate based on fluctuations in the crude oil market the following graph is a 6-year price tracker for crude oil. Why do gas prices fluctuate so much wyso curious investigates but ultimately, lenard says gas station owners don’t really have much control over the price, “gas prices fluctuate because they’re tied to commodities they’re tied to oil prices and just like commodities, oil prices go up and down by the minute.
Finding the best gas prices can be crapshoot for most people -- prices can fluctuate from hour to hour jeff lenard, spokesman for the national association of convenience stores, knows how a sudden spike in gas prices can get people angry.
Filed under: department of energy, gas, gas prices, good question, jason derusha, john felmy, pump minneapolis (wcco) — the first two months of 2013 have not been much fun at the gasoline pump prices keep rising, changing all the time.
Why does the price of gas change every day, but other prices don't does this bother anyone else wouldn't it be weird if you walked into the grocery s. Fluctuations in gas prices tend to track fluctuations in crude – and currently, with oil prices sliding to the lowest levels in years, gas prices are sliding as well that fall in oil prices is the result of booming north american production, saudi arabia’s hesitance to cut output, and a drop in asian demand.
Even when crude oil prices are stable, gasoline prices fluctuate because of seasonal changes in demand and in gasoline specifications crude oil and gasoline prices reached record levels in 2008 world crude oil prices reached record levels in 2008 as a result of high worldwide oil demand relative to supply. It is curious, though, the way gas prices fluctuate typically, we think of consumer goods gradually increasing in price at a fairly comparable rate, but gas prices don’t subscribe to that logic there are any number of conspiracy theories out there about who’s controlling oil and what we can expect for the future.