what factor drive the increasing of petrol price?
345940
Greed mostly.  The actual physical factors that drive it are production supplies and output demand but these could be leveled off and maintained for the most part so fluctuations come from CEOs of exxon and similar gas refinery companies or Leaders in OPEC messing with prices just to jack up the price to make more profits
503007
Of course the main issue is and always will be competition. But as a product standpoint it would have to be rising manufacturing, shipping, and product costs due to the increase in energy prices.  Oil is used in more than just vehicles; it's used in many products or the manufacturing of them.  We have already seen the increase of "Oil" not only in our fuels but in consumer price index that rose last week.  It's a trend that will not fall until alternative energy sources are more widely embraced by the market.
631143
thats easy. by intervening through the exchange equalisation account whenever the exchange rate is fluctuating. the govt will need to buy its own currency on the foreign exchange market when the value of the latter is plummeting. this will move the demand for its currency upwards causing the exchange rate to increase. on the other hand, if the value of its currency is rising, then the govt will obviously sell its currency causing a rightward shift in the suppy curve for its currency.. supply increasing will decrease the currency's market value. this is how the govt can fix the exchange rate at a particular value.
348889
supposedly it's because of "weapons of mass destruction." but we all know it's because of the oil. the shitty part is now bush has had us over there 3 years, and the fuckin gas prices are still pushing $3 and probably $4 in summer.
1109609
You know the cost of gas/petrol isn't really made as high as it is by the cost per barrell. The oil companies like Exxon, Esso, Chevron, etc. charge a lot more for their gas then the price per barrell.  If you do some research into it you'll see that the oil companies are making a huge profit on their product. Oil/petrol doesn't have to be as expensive as it is and they can still make a profit.\n\nTo answer your question though, I would say yes:\n\n"To date there has not been an obvious negative impact on the economy because of the price of oil. It is partly for that reason that the Federal Reserve is continuing to raise interest rates to help tame inflation."\nhttp://en.wikipedia.org/wiki/The_Price_of_Oil_and_The_Economy\n\nIt's very strange. The cost of oil is raised to huge prices by Exxon, Chevron, etc. which raises interest rates, which hurts the economy. Why?
223454
The guesses vary wildly, because there are so many factors.\n\n1. You never know what natural disasters can shoot up oil prices like crazy\n\n2. OPEC is about as unpredictable as the weather itself. Read about it at http://www.reference.com/browse/wiki/OPEC\n\n3. There of course are the questions about the oil in Iraq and Alaska \n\n4. There are new alternative fuels being developed; when they are improved, since demand for oil goes down, the prices do too (See the law of supply and demand, http://www.reference.com/browse/wiki/Supply_and_demand ). A brief description of alternative fuel and a few examples can be found at http://www.reference.com/browse/wiki/Alternative_fuel . \n\n5. Also keep in mind the possibility of using oil shale, a topic that pokes up from time to time. Read about oil shale here: http://www.reference.com/browse/wiki/Oil_shale\n\nUsually at the end of an answer I say something like "Good Luck and hope this helps" but I'm fairly sure I just made your job harder and a bit more confusing so...\n\nGood Luck and sorry that this probably didn't help.
68886
First, you have the price of a barrel of oil. It is set basically by OPEC and the futures market. The oil companies buy oil and this rate and send it to the refineries. Refineries then convert the oil in gasoline (among quite a lot else). Refineries in turn sell the gas to wholesalers. The wholesalers then sell to your local gas station.\n\nMany times you will see stations within a mile of each other with wildly different prices. The reason for this is quite simple: busier stations sell more gas, and therefore buy more gas than a slower station. When prices are going up, for example, the station that sold the gas faster will have to buy the more expensive gas while the slower station still has the less expensive stuff in the ground. Then people rush to the lower-priced station and the whole process repeats.\n\nGas stations make, on average, about 5-10 cents per gallon depending on the market. In short, they make more off the car wash or can of Coke than the 50 gallons of gas you just bought.
390170
They raise prices by restricting supply. They try to maximize their income without driving their customers to alternate fuels or into a depression. Either would reduce their income.
1149237
Government does not raise the price of gas.  A thing called supply and demand controls the gas prices and the price of everything else in our society.
202430
Consumer Products prcies go up due to rise in inflation. Inflation is due to imbalance in demand and supply of factors of productions. Then the factors of production are insufficient to satisfy the demand then the prices starts rising as the functional result of demand law. High demand low supply rises the price. \n\nOn increase in prices all the consumer products are prices high to cover the cost of factor of production.
502628
Not that I am for this--But dear it wouldn't matter and why you ask---well here is an article--this is starting to open up a new can of worms--please understand--Anyone in the world could have all the oil in the world..and it really wouldn't matter at this point...\n\n$3-a-gallon gas: Blame Washington, not Big Oil\nWhat's driving up gas prices? It's not just higher crude costs; it's new regulations.\nNelson D. Schwartz\nMay 3, 2006: 2:20 PM EDT\n\n\n(FORTUNE Magazine) - With gas prices roaring past $3 a gallon and consumer fury rising even faster, Congress and the White House are engaged in a Kabuki-like ritual: pointing fingers at each other over who's to blame, while furiously attacking Big Oil for reaping gargantuan profits - as drivers get hosed at the pump.\n\nIf the politicians really want to figure out who's responsible for the latest round of price increases, though, they'd be better off looking in the mirror. That's because the rise isn't only due to higher crude costs. It's also fallout from some little-noticed provisions in the energy bill passed by Congress and signed into law by President Bush last summer.\n\nBuried in the 551-page energy bill - which was supposed to ease energy shortages, not worsen them - were new regulations governing what additives go into gasoline and how it's refined. Corn-based ethanol is replacing the petroleum-derived additive MTBE, but Congress timed this logistically tricky switchover to occur just as demand for gasoline peaked ahead of the summer driving season - right about now.\n\nThe end result is an extra strain on the refining and distribution system when it can least afford it.\n\n"It's too late now, but Congress has consistently failed to sequence regulatory requirements in a responsible fashion," says Bob Slaughter, president of the National Petrochemical & Refiners Association.\n\nAdds Larry Goldstein of the Petroleum Industry Research Foundation: "The gasoline crisis is made in the U.S.A., not in Iran or Venezuela or Nigeria. At least half the increase in gasoline prices is due to unintended consequences of the energy bill, but no one in Washington wants to admit that."\n\nIndeed, while crude prices have risen 21% since the end of 2005, gasoline is up 37% - a sign of just how stretched the system is. Congress's mistake, says Goldstein, was setting the new law to go into effect 270 days after it was signed - May 5 - rather than waiting until fall, when gas demand is typically on the downswing.\n\nNow the big question is, How high can gas go? Well, perhaps the only good thing that can be said about paying three bucks per gallon is that it seems to be slowing consumption - which should, in turn, reduce prices. Over a four-week period in April, says oil analyst Jamal Qureshi of consulting firm PFC Energy, U.S. gasoline demand dropped by half a percent, to just over nine million barrels a day. That may not sound like much, but it's a reversal from the 1.7% average annual increase in gas consumption the U.S. has experienced over the past decade. If $3 is indeed the tipping point at which consumers change their behavior and alter their driving habits, it's the one silver lining in an otherwise very dark cloud for drivers.\n\nThe wildcard in this scenario, of course, is the increasing risk of a military confrontation with Iran. If that happens, says Qureshi, "all bets are off." Given that crude oil accounts for 55% of the cost of each gallon of gas (refining accounts for 22%, taxes for 19%, and distribution and marketing for 4%), an upward spike in crude oil would push gas up even if the bottlenecks caused by the energy bill ease this summer.\n\nThat's why Red Cavaney, president of the American Petroleum Institute, says the answer in the short term is conservation. Washington is indeed being turned upside down when it's left to Cavaney, Big Oil's chief lobbyist, to talk conservat
296789
First, you need to define 'goes bust'.  Even if the price went really high (say $10.00 per gallon), it would only be transient because: 1) people will adapt their behavior to reduce consumption (we saw this already at $3.00/gal.), 2) many alternative forms of energy will become price competitive, and 3) a lot more oil and gasoline will eventually be found and produced because it will be very profitable to do so.\n\nHistory repeats itself.  We had major fuel/energy crises in the 70's.  In 1979 I paid $1.069 per gallon; after inflation, that is over $3.00 per gal. now. And, my very economical economy car ( a very small 1976 Toyota pickup) got 'awesome' gas mileage of 18 mpg highway!  "Experts" then said there was only enough oil left in the world to last until the mid-90's (ten years ago!).  In the 70's most cars got about 10-12 mpg, now many get TRIPLE that!  Technology will triumph again.\n\nBest wishes!
68168
Gas prices are set based on supply and demand. If more people are using gas or there is a lower amount of gas being produced then the prices will go up.\n\nThe recent increase in prices is probably due to the growing tension with Iran. If for some reason the oil from Iran is cut off, there will be less production.
1121329
The price goes up when demand outpaces the supply of gasoline.  and that would mean if we as Americans drove smaller cars than suvs we would have less demand.  Also we need a new fuel source other than petroleum.
575908
Because the natural resource of copper as well as all other\nmetals are rising too.\n\nThe natural resources like copper, gold, and silver are rising because its consumption is rising. The cause of the rising consumption and prices is because asian countries\nare building at a (China and India) phenomenal rate.\n\nBack to the rule of supply and demand. Growth countries are consuming more, faster than you can dig the metal out of the ground.
1135453
Inflation is caused by the increase in the cost of goods and services. Inflation that is caused artificially, like the price of crude oil, can only be stopped by taking away the oligopolistic profits the sellers make. Inflation caused by true scarcity cannot be cured.\n\nSo far, this (USA) country's only answer to inflation has been to increase the cost of borrowing money, which seems crazy, since that makes prices go up also. I guess you have to have a degree in economics to understand why stupidity works.
17237
Global temperature has gone through many changes, some of which were natural cycles grounded in astronomy (solar activities, changes in earth's orbit), others of which have been natural catastrophes like meteoric strikes or huge volcanic eruptions. \n\nThe rapid consumption of fossile fuels and the production of other greenhouse gases doubtlessly has influenced the average temperature and increased the rise of it. Whether it is the sole determining factor cannot be said, because all observations can only be made overlaid with all the natural factors.\n\nFor this reason, experts still debate...