Why are gas prices so high and what can you do?

Posted on ธันวาคม 31, 2009
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In the spring of 2004, exploding gas prices, and have never gone down. Some people blame the war, others blame the oil companies, the calculation was to make huge profits.

The truth is that a combination of factors influenced oil prices. Companies themselves actually have little control the price of oil. If anyone has a direct impact on oil prices, OPEC would be, but have no control over the most important factor which will simply supply and demand.

BecauseOil prices so high?

There are two issues still to secure the oil from the ground and consumers: the oil itself, and the refining process.

Crude oil rose in price for two reasons. First, access to crude oil is increasingly complicated. Regions, which are the largest contributor of oil in the world, like Nigeria, Iran and Iraq are increasingly unstable. This has a major impact on oil prices.

But more important is the growing demand for oilthe world. The rapid economic growth in developing countries like India and China, thus exceeding the expectations of the people. You need oil for cars and heavy industry, and that is putting a strain on the supply of oil.

The oil itself is expensive, but the cost of refining crude oil by over 50% of the cost. For the United States has shown that this can do more and more expensive over the years, not because we are our own refineries. New and stricter EPA regulations have the olive oil,Refining to do more costly and less profitable for companies in the United States. Besides this, the recent hurricanes Rita and Katrina caused significant damage to U.S. oil refineries in the Gulf, and the oil industry has not yet recovered.

What can be done

It can not affect the global economy, but there are some things you can do to save a few bucks at the pumps.

Driving a smaller car to buy. It is hard to do without that SUV or 4 wheel drive, but driving a smaller, lighterTo save money on gas.

When you buy gas, use the lowest grade of oil. For most vehicles, the difference between low quality and the premium totally insignificant, so as to drive the car pretty much the same. The only difference is the money you save.

Slowest. This may also be impossible, but as you drive has a direct impact on how you burn gas. Nobody wants to slow down, but here the idea that will help you think it might be for you: The EPA estimates that for every 5 mph over 60you will bring about 20 cents to burn more gas. That can add up pretty quickly. Think about when you step on the gas!

Try to drive in high gear. Look at it this way: the slower the engine turns, the more gas used.

Do not accelerate quickly as possible and keep to the coast. If you step on the gas to go uphill, you burn more gas.

Note that the lighter your car, the less gas you will use. This means that money for gas, because it can save from luggageShelves and other things that are examining the car. Reduce drag and save.

The actual cost of gas has not increased over time, inflation is taken into account, the Americans have the same percentage of our salary to pay for gas today, as we did in 1950. It 'an interesting fact, but not pay to help ease the pain a lot! Follow these tips and you will save some money for gas.

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