Comments on: Why is the Price of Oil Rising? http://www.economicshelp.org/blog/oil/why-is-the-price-of-oil-rising/ Economics Blog - current events and economics essays Thu, 18 Mar 2010 19:46:30 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Oil and The Economy — Economics Blog http://www.economicshelp.org/blog/oil/why-is-the-price-of-oil-rising/comment-page-1/#comment-1202 Oil and The Economy — Economics Blog Tue, 01 Jul 2008 08:05:19 +0000 http://www.economicshelp.org/blog/?p=583#comment-1202 [...] Why is the Price of Oil Rising? [...] [...] Why is the Price of Oil Rising? [...]

]]> By: Tony Montana http://www.economicshelp.org/blog/oil/why-is-the-price-of-oil-rising/comment-page-1/#comment-1186 Tony Montana Thu, 26 Jun 2008 00:46:37 +0000 http://www.economicshelp.org/blog/?p=583#comment-1186 Price of probably has increased because of the set number of oil wholesalers and access to oil. Unlike many other industries not everyone can be a seller of oil therefore as you rightly pointed out the burden increases on the set number of oil extractors, wholesalers and ditributors therefore passing the cost onto the end customer. Also there is the element of what they can get away with charging since the demand for oil has not declined. Price of probably has increased because of the set number of oil wholesalers and access to oil. Unlike many other industries not everyone can be a seller of oil therefore as you rightly pointed out the burden increases on the set number of oil extractors, wholesalers and ditributors therefore passing the cost onto the end customer.

Also there is the element of what they can get away with charging since the demand for oil has not declined.

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