history of gas price

When you're learning about something new, it's easy to feel overwhelmed by the sheer amount of relevant information available. This informative article should help you focus on the central points.

This will be the highest jump in gasoline prices we have had since January this year. The increase of gasoline clearly does not only affect the people but also our economy. Back when gasoline reached over $2.00 per gallon you could see lower sales of SUV's and other large vehicles. People just could not afford to drive these type cars and trucks.

Just imagine what will happen now when prices exceed $3.00. Not only will it affect our economy on a larger scale but for a lot of people it may be devastating. If you base what you do on inaccurate information, you might be unpleasantly surprised by the consequences. Make sure you get the whole gas price history story from informed sources. Personally I cannot drive my car as much as I would like to. I actually have to limit my driving and make priorities of when do I really have to go somewhere.

Think about this. The minimum wage is around $5.50 in the USA. This means after you pay your state taxes, federal taxes and FICA. Of that hours work you are basically left with enough money to buy one gallon of gasoline which might take you 15-20 miles down the road. (Not to mention the price of gasoline is loaded with more Federal and State taxes.) In other words you have to work one hour to be able to drive for 15 minutes.
Gee, they say owning a car is a luxury and a privilege. Time for a reality check again.

For most Americans a car is a basic necessity. Is the government mentioning that they will do anything about this? (Like lower the Federal and State taxes on gasoline) NO! They are not.

As your knowledge about gas price history continues to grow, you will begin to see how gas price history fits into the overall scheme of things. Knowing how something relates to the rest of the world is important too.

The history of gas prices

The more you understand about any subject, the more interesting it becomes. As you read this article you'll find that the subject of gas price history is certainly no exception.

The history of gas prices is a powerful indicator of future trends. Gas market professionals use price history to gain invaluable insight into the gas markets, regardless of whether they buy or sell physical gas or deal with gas financial futures. Professionals undertake a comparison of the current and historical situations, along with the factors that give rise to these, and determine the particular direction of gas price movements.

In the commodities futures markets, one can also witness the presence of a wide variety of gas derivative instruments that help to enhance financial performance in physical markets. These instruments are used by professionals to derive information that enables producers and consumers to seek precautionary measures against sudden price fluctuations, apart from serving as powerful vehicles of speculative investment.

Gas prices fluctuate rapidly. They vary remarkably from one country to another, and even within one country. A March 2005 estimate put Amsterdam in the Netherlands, as having the most expensive gas, at $6.48 per gallon. Oslo, Norway comes second, and Milan, Italy, is placed third in terms of having the most expensive gas. Amongst the places that have the cheapest price of gas, Caracas, Venezuela tops the list with a recorded price of $0.12 per gallon, followed by Lagos, Nigeria, at $0.38 and Cairo, Egypt, at $0.65.
The best time to learn about gas price history is before you're in the thick of things. Wise readers will keep reading to earn some valuable gas price history experience while it's still free.

Gas industry professionals use several tools to keep track of the wide fluctuation in gas prices. They use instruments such as price history to analyze future prices. While calculating future prices, gas professionals also take into account the role of the weather, since it plays an important role in the price of gas. The recent case of high gas prices in the US in October 2005, for example, throws light on the volatile gas pricing scenario.

Price histories also help chart out particular trends in gas prices, and they are correlated and compared to gas instruments in the energy or other financial markets. Gas price history has emerged as a widely accepted analytical tool to understand market fluctuations in gas. Combined with an analysis of seasonality, gas price histories can provide a powerful look into the future.

Take time to consider the points presented above. What you learn may help you overcome your hesitation to take action.

gas price before the Iraq war on 7th Feb 2003

The more you understand about any subject, the more interesting it becomes. As you read this news you'll find that the subject of gas price history is certainly no exception.

The more authentic information about gas price you know, the more likely people are to consider you a gas price expert. Read on for even more gas price history and facts that you can share.

Feb. 7, 2003, a month and a half before the Iraq war, when the price of gas was $1.75. "Crude oil rose to a 26-month high yesterday after President Bush said that the United Nations Security Council must enforce its resolution on disarming Iraq."

Since then the oil market's fears have been replaced by the reality of depressed Iraqi oil production, and more recently by fears of an Iranian oil disruption if the U.S. attacks Iran. This is only one of several reasons for high gas prices, but it is the one under our control.

When word gets around about your command of gas price facts, others who need to know about gas price history will start to actively seek you out.

Why do gas price increased?

Why do gas price increased?

The following article presents the history on gas price. If you have a particular interest in gas price, then this informative short is required reading.

It's really a good idea to probe a little deeper into the subject of gas price. What you learn may give you the confidence you need to venture into new areas.

Oil shortages cause high oil prices cause high gas prices. Cheney predicted Iraqi output would return to 3 million barrels per day by the end of 2003. It never made it back to pre-war levels and was below 1.5M barrels/day in January according to the Wall Street Journal and the Associated Press.

The oil experts talk about Iraq pushing the price up, but no one knows by how much. For comparison, the Dept. of Energy tells us that total world output is expected to grow by 0.8M barrels/day in 2006 which is this year.

Take time to consider the points presented above. What you learn may help you to understand more about the gas and oil price history.