Why are oil prices constantly rising?

Question

Why are oil prices constantly rising?

Answer 1

Because demand is always increasing, the supply is not there. Emerging economies like India and China are now demanding more oil, and thus the price rises accordingly since there is more demand for it.

Answer 2

Many factors, to name some, greed, Ever increasing demand in China, Situation in the middle east, Wars to pay for. High demand for it. Oil becoming scarce.

Packaging, transport, fuel, materials all oil dependant.

Answer 3

Because we are using up the stocks of it. The rarer a commodity the more they can charge for it.

Answer 4

You should know the all the oil we use is a non-renewable

source you can't produce it again once used. It was produced  thousands  of  years ago by burying  of trees  in earth .It is going to disappear in a years time and people won't be able to afford it.

More we use it more scarce  it will become so start saving the environment grow more trees , use cycles that's the only way.

Answer 5

Because the value of the dollar is decreasing .

Answer 6

Its like everything , they make you rely on it . then push the price up.

Oil , Usa has more oil than the Arabs

Diamonds , De beers control them and let a minimal amount and keep the price high.

Cigarettes. Put the price up !

Virtually everything you rely on.

Answer 7

because everyone knows nothing.

Answer 8

Demand.     China  and a lot of Oriental countries  are developing fast  and need oil.  The supply is not  enough to meet this demand  so   in order to get  supplies  they pay more for it,  so pushing up the price for everyone  .  Will continue to rise  ,  double or more.

Answer 9

You must not watch the news

Answer 10

Because of rising demand from emerging economies like China and India whilst production has not increased to the same extent -hence demand exceeds supply and prices rise.The situation may be made worse by the activities of speculators buying oil in the hope of profiting from price rises.

Answer 11

Because of the way the Oil market is working at the moment Oil is being bought and sold several times before it gets to where it's needed.

Answer 12

because of the stupid amount of money they spend looking for it and because they know the average person must drive to work

Answer 13

There are many factors which are contributing to the rise in the price of crude oil. The first and the foremost factor is the complete halt in the oil production in Iraq after US attacked it. Iraq was one of the largest producers of oil and when production there stopped, it caused a severe crunch in supply..

Also, due to overall economic prosperity worldwide, more and more people own vehicles and because of which the demand for crude oil is constantly increasing.

Therefore due to this demand and supply gap, price of crude oil is increasing constantly and will soon touch 250 - 300$ a barrel. And during that time the world may face energy crisis unless some alternative energy source is found out.