What is the real cause of the rising of the gasoline in the world market???

Question

I read some of the answers regarding this question they say that the high demand of indonesia and china on oil. I think one of the reason is that our fossil fuels are reducing. I think the population must reduce also! There are many poor people who have many children they don't know what they are doing, they want is just s*x or what! What do you think are the real causes of this gasoline rising?? Thanks for the answers

Answer 1

Main two reasons that you have pointed out.

Increase in demand mainly form countries such as China and India. since 2004 China's oil demand has doubled. Demand from countries such as the US and UK is also increasing, as neither government has implemented policies which will lower our dependance on oil.

Decrease in supply. It is accepted that oil will never run out, it will just become harder and harder to access and therefore more costly meaning that other sources of energy will be explored. Also in all liklihood there is still probably over half of the total oil ever on the planet yet to be used. However alot of this oil is in volatile regions e.g. Iraq, Saudi Arabia and the politically corrupt Russia. Therefore the risk on secure supplies is present. The current high price is also down to the fact that the amount of oil produced today is barely enough to meet current demand, and whilst the OPEC countries have been encouraged to produce more, they are reluctant to do so at the moment. In liklihood the high oil price is going to stay.

Answer 2

The actual cause of the rising gas prices are the people who bet on wether the price of oil gos up. What really happens is the owners of the oil companys around the world bet millions of dollars that the prices are going to go up. They want to win the bet so they raise the prices. That is the simplest answer i can give you.

Answer 3

price of everything including gasoline is primarily driven by supply and demand. when there is not enough of something lots of people want, prices go up. when there is too much of something, prices go down. there can be other factors but that is the main one. the world's daily supply of oil has stayed the same since 2005. oil producers are drilling out the same amount as they were 3 years ago. meanwhile, the worlds needs for oil and gasoline have gone up in the last 3 years so there just isnt enough. the same amount of oil is being spread out to more and more places. China and Indonesia are 2 places that are using more and more oil. US too.