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Why is the price of gasoline going up again?

Wayne Faulkner
StarNews

The rising price of crude oil is driving the cost of gasoline up to the highest levels since spring, the Associated Press reported on Friday, Oct. 8, 2010. Oil has been around $80 a barrel or more for over a week.

Crude’s been rising as the dollar has weakened against the euro. Because oil is priced in dollars, it becomes more attractive to foreign investors as the dollar falls. Higher oil prices mean refiners have to pay more for crude to make gasoline and other refined products, the AP reported.

User-contributed question by:
Doris

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2 Responses to “ Why is the price of gasoline going up again?”

  1. On October 9, 2010 at 9:09 pm The GlassMan wrote:

    Ok… so if the Oil companys own the Wells.. They own the oil that they pump… that they send to their oil refinerys.. so Again.. This is a Scam…

  2. On October 17, 2010 at 5:01 pm V Lewis wrote:

    The price of gasoline is rising just to make Pres. Obama look bad.



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