how come  usa pays $2 gallon while rest of world pays $6.50 gallon for Petrol (Gas)?
143264
thets what the war in iraq was about,so you could have cheap oil
474903
Is it really that cheap in America.  I find it very difficult to convert a foreign gas cost due to the difference in monetary value & measurement (gallon vs litre).\n\nIf it is truly cheaper it probably has to do with the fact that we have a lot of powerhouses in the oil industry in our back pockets.  And those that we don't we intend to change by overthrowing their gov'ts.  Truthfully though, in reading up further on it its about the way a gov't is set up:\n\nThe main factor in price disparities between countries is government policy, according to AirInc, a company that tracks the cost of living in various places around the world. Many European nations tax gasoline heavily, with taxes making up as much as 75 percent of the cost of a gallon of gasoline, said a spokesperson for AirInc.
11708
So we can pay less then 3 dollars for a gallon of gas.  Every other nation pays twice that.  Italy is roughly 6.50 per gallon, while Japan pays about 20.00 per gallon.  If you own a car you would agree, if you own a truck with a V-8 you probably support the war.  If you own a Ferrari with a V-12 it doesnt matter anyway becasue you are rich.
470574
I JUST PAID OFF MY HONDA INSIGHT.  IT HAS A 10 GALLON GAS TANK.  BUT IF BUSH'S GAS PRICES GOTO $6 A GALLON IT'S STILL GOING TO HURT TO PAY $60 EVERY TIME I TURN AROUND.
348677
The way gas prices are set is extremely complex, it depends on a variety of factors. It's too difficult to explain in a few sentences but here's a link that does a very good job explaining how the prices are set:\nhttp://money.howstuffworks.com/gas-price.htm\n\nIn general ,however, you can't look at something simply in terms of price. \nLet's take Norway for example, the salaries there are higher then in the US. Also the main way people people move around is via public transportation ,not cars, hence, the demand for gas is much lower, which in turn drives the prices up. Higher taxes and enviormental processing requirements also drive up the cost significantly. Additionally, the Norwegian government is very conservative when it come to money, although, they have the biggest oil reserve in the Europe, they choose to save it for a rainy day rather then sell it cheaply to their citizen (like Venezuela and Brazil does). They are the richest country in the world for a reason.
393908
The best thing to do is not meddle. If price gets high enough, people will be forced to conserve. Prices are usually over $4 per gallon in Europe and over $3 per gallon for most of Latin America. Perhaps prices would be more stable if North America were to stop wasting the world's fuel supply.
1122106
Well, we'll end up paying more for what we have. It's basic economics of supply and demand. Look at fuel prices. They cut the supply, and we pay more, yet we still pay.
508328
Nobody knows.  Nobody.  Anybody who says they do is full of crap.  But here's a handy formulat to figure out how much gas should be based on oil prices.  If it's more by you, your gas station is likely price gouging.\n\nA barrel of oil hold 42 gallons.  So Divide the prive of a barrel by 41, then add in $1.00 in refining costs to get your approximate price.  This number only works in the U.S., sorry, I don't know the processing costs for other countries.  And this is for regular unleaded, the premium octanes cost more of course.\n\nSo at $63/bartrel, gas should be $2.50 a gallon.\n\nAt $70, it should be about $2.67 a gallon.\n\nAnd at $50 a gallon, tit should be about $2.19 a gallon.\n\nSo if it ever goes up to $100/barrel like those morons at Goldman Sachs said last year, then you can expect to pay at least $3.38 a gallon!
463011
No, profits are the American way. I doubt you were even born when the oil companies were struggling back in the mid-seventies and early eighties. Aquisitions and mergers have made them some of the strongest American companies.\nThere are now more known oil reserves world wide than ever before. There is also more demand than ever before. Hence oil is over $72 per barrel. We could get all we need from the Canadian oil sand deposits and it would be cheap. But it is being shipped around the world.\nFigure that
519600
I think it will top out around $3.50/gal  In the dallas area we were paying 2.99.  It has just start dropping to 2.89/2.81 in some places around town.
936895
You didn't say "Whos" price.\nI suspect you meant the consummer.  But, there's a lot of people and governments which try to get a piece of that dollar you spend on gas(oline?)\n\nThe prime culprits are taxes, commodities speculators, and other countries.\n\nSo the real answer is "whatever the market will bear".\n\nIt makes no difference that oil companies may keep their costs at are below inflation - outside factors are pushing the "price at the pump" to the point where the consumer rebels..\n\n"What I did like in the story is the soundbite (phone interview) they had with the CEO of Exxon, who was quick to point out that they (Exxon) make about 10 cents profit per gallon, while 'big government' (my words, not his) makes at least 4 times that per gallon.".....\n\n"The problem is that NO ONE ever mentions, like I have before, that these billions in profits is only about 8% of their total income. That is actually one of the lowest profit percentages of all industries."
674830
Gasoline is the bloodline that keeps America moving. Our personal vehicles alone guzzle 65 billion gallons of gasoline and diesel fuel each year, and that number is projected to increase by 2.6 percent each year. \nTracking gas prices can feel like a roller coaster ride. They're down a little one month, up the next, before shooting up more than 30 percent in a year. Plus, they're different depending on where you look. Other countries, and even other states and cities, can have very different gas prices from your local Gas-N-Go. To the average person, it probably seems as though there's little rhyme or reason to how gas prices are determined. In this article, we will look at the forces that impact the price of gas at the pump, and we'll find out where your gas money actually goes. \n\nAmericans have an insatiable thirst for gasoline, and with sport-utility vehicles (SUVs) continually growing in popularity we are only getting thirstier. Just look at the roads and highways and you'll see that a severe gas shortage would practically cripple the country. Americans drive more than 2.5 trillion miles per year in automobiles, light trucks and SUVs, according to a MEMA report. That's equal to 14,000 round trips to the sun. Today, we drive almost twice as much as we did in 1980 (1.5 trillion miles). \n\n\nPhoto courtesy Phillips Petroleum Company\nA gas station in Colorado Springs, CO\n \n\n\nHistorical Gas Prices\n(Adjusted for inflation)\n \nYear Price Per Gallon \n1950 $1.91 \n1955 $1.85 \n1960 $1.79 \n1965 $1.68 \n1970 $1.59 \n1975 $1.80 \n1980 $2.59 \n1985 $1.90 \n1990 $1.51 \n1995 $1.28 \n2001 $1.66 \n2002 $1.31 \n2003 $1.52 \n2004 $1.79 \n2005 $2.28 \n2006 (so far) $2.68 \nSource: U.S. DOE  \nThe United States consumes an average of 20 million barrels of oil per day (bbl/d, according to the Department of Energy. Of that, about 45 percent is used for motor gasoline. The rest is used for distillate fuel oil, jet fuel, residual fuel and other oils. Each barrel of oil contains 42 gallons (159 L), which yields 19 to 20 gallons (75 L) of gasoline. So, in the United States, something like 178 million gallons of gasoline is consumed every day. \n\nTypically, the demand for gas spikes during the summer, when lots of people go on vacation. Holidays like Memorial Day and the Fourth of July create logjams of tourist traffic during the summer. This high demand usually translates into higher gasoline prices, although that's not always the case. For instance, while gas prices soared 31 cents in April and early May of 2001, reaching $1.71 per gallon (which now seems inexpensive compared to today's prices), prices actually declined during the 2001 summer. \n\nIn 2004, prices continued to rise past the end of the summer travel season for a variety of reasons, including several hurricanes and an increase in the price of crude oil. And in 2005, Hurricane Katrina (along with a sizeable increase in crude oil prices) pushed prices to $3.07 per gallon on September 5, 2005. Prices settled down somewhat in November and December of 2005. But now the numbers are climbing again, with an average price for regular unleaded gas at $2.90 right now (May 2006). \n\nPrice increases generally occur when the world crude-oil market tightens and lowers inventories. We will discuss who controls the crude-oil market later. Also, growing demand can sometimes outpace refinery capacity. In the spring, refineries perform maintenance, which can place a pinch on the gasoline market. By the end of May, refineries are usually back to full capacity. \n\n How do you overpower the pump?\nRising gas prices are impacting everyone: what are you doing to soften the blow?\nWe want to know!  \n\n\nWhen you pump $20 dollars into your tank, that money is broken up into little pieces that get distributed among several entities. Gas is just like any other consumer product: There's a supply chain and several groups who are responsible for setting the price
10983
The total demand for oil in the US in the 4th quarter of 2005 was 21.33 million barrels per day. China was second with a demand of 6.55 million barrels per day. Japan was third with 5.45 million barrels per day. Total world demand for oil was 84.39 million bb/d. \n\nThe total world supply for that quarter was 84.04 million barrels per day. The supply shortage was -0.35 million barrels per day. Now, since supply obviously is not as large as world demand, does anyone still wonder why gasoline prices are going up?
230348
Petrol???  You're not american...where you from?
622134
YOU MUST BE STUPIDEST SHEER IDIOT  MORON TO ASK THIS.. AMERİCA İS SERVİNG FOR THE BİG BUSİNESSES İN ıRAQ.. THEY steal the petroleum in ıraq and 2 percent of the money obtained from the sales of the oıl pays for the poor american losses.\n\nSee my answers and questions to get enlightened
500382
Your mistake is basic: you're presuming that the oil in the ground belongs to America.  It doesn't.  It belongs to ExxonMobil, BP, etc.  Think they'd want to lower profits to benefit us?  HAHAHAHAHAHAHA
69495
You have a point about oil revenues from Iraq paying for the war.  So far, production has not made this possible.  The government doesn't sell gas, oil companies do.  They sell their products at the price the market will bear, just like Home Depot, American Airlines, and Wendy's.  Exxon-Mobil made about 9.7 cents per dollar of revenue during their biggest quarter last year, which was their biggest quarter ever.  Want to know what your bank made?  Probably around 25 cents!! Wonder no more why interest rates are so low....the banks are pocketing the change, but you don't hear any uproar about that.   Oil companies typically make around 5.7 cents per dollar, lower than most industries.  If you want to live in a country that has price controls, try China, Cuba, or the former Soviet Union.  Didn't work out too well for them.