Thursday, 17 July 2008

Why Are Gas Prices So High? by Frank James

Why Are Gas Prices So High? Supply - the amount of oil we pull from the ground, and the amount we refine into gasoline - remains fairly constant. But demand is growing at an alarming rate.
Here is the short and long answer of why gas prices are so high:
Unfortunately, that situation isn’t going to change for the better. In fact, it is expected that demand will continue to rise! As a result, most experts predict that gas prices will also continue to rise.
There are three possible answers:
* We increase supply. This one isn’t particularly realistic. * We lower demand. We actually can have an impact here, but it would be very small. Most of the increasing demand comes from rapidly industrializing nations like China, India, and Brazil. * We find alternatives to oil. Yes, but still years away (however, it is possible to use the “water4gas” modifications that allow you to run your car on water and gasoline). * We improve gas mileage. This is the only real, practical, immediate solution.
Every gas mileage improvement translates into paying less money for gas at the pump. A 25% gas mileage improvement is equivalent to paying 25% less per gallon.
There are literally thousands of websites and resources available online to help you make gas mileage improvements.

No comments: