| Author: sobha wilson 05 Jul 2008 | Member Level: Diamond | Rating:  Points: 0 |
After a one-week respite, the U.S. average retail price for regular gasoline increased to a new record high, moving up 1.6 cents to 409.5 cents per gallon. Prices rose throughout the country with the exception of the West Coast where the price dipped a bit. On the East Coast, the price went up a cent to 405.7 cents per gallon. In the Midwest, the increase of 3.5 cents was the largest of any region and pushed the price above $4 for the first time, to 403.1 cents per gallon. The Gulf Coast price remained the lowest of any region and was the only one under $4 at 392.8 cents per gallon, an increase of 0.9 cent. The Rocky Mountain price rose 3.2 cents to 403.4 cents per gallon. Although the price on the West Coast fell, the drop was only four-tenths of a cent to 445.6 cents per gallon. The average in California also declined somewhat, going down 1.2 cents to 457.3 cents per gallon.
The U.S. average retail diesel price dropped for the second consecutive week, falling three-tenths of a cent to 464.5 cents per gallon. On a regional basis, the changes were mixed, with small decreases in the East Coast, Midwest, and Rocky Mountain regions while the Gulf Coast and West Coast regions registered slight increases. The average price on the East Coast fell 0.7 cent to 470.4 cents per gallon. In the Midwest, the price slipped 0.3 cent to 457.1 cents per gallon and remained the lowest of any region. The average price in the Gulf Coast went up by two-tenths of a cent to 460.4 cents per gallon. The Rocky Mountains registered the largest decrease of any region, slipping 1.4 cents to 463.8 cents per gallon. On the West Coast, the average price increased for the first time since May 26. Nonetheless, the price was nearly unchanged, going up just 0.1 cent to 481.7 cents per gallon. In California, the average price also increased, by 0.6 cent, to 492.8 cents per gallon.
|
| Author: Prabhakar 06 Jul 2008 | Member Level: Gold | Rating: Points: 0 |
the rise in LPG (cooking gas) price might look harsh to housewives as they would have to spend extra time and effort on calculating monthly budget and managing it within their fixed salary.
“The government has decided to marginally increase the price of LPG (cooking gas) by Rs.50 per cylinder,” Petroleum Minister Murli Deora told reporters after the two-hour long cabinet meeting, chaired by Prime Minister Manmohan Singh.
Apart from paying Rs 50 extra per LPG cylinder, the consumers will have to be allowed to purchase only 8 cylinders per annum at subsidised rates, for availing more cylinders, they will have to pay more near-market price. Till today, consumers had to pay Rs 295 per cylinder.
|
| Author: Ankush Das 06 Jul 2008 | Member Level: Diamond | Rating:  Points: 4 |
There is no other reason to blame than the government itself. It says it is reducing the common man's burden by cutting the tax rates marginally and hiking the price. But the truth is that the government is making a lot of profit in this hidden money and this is kept hidden from the public view. Somebody must launch a research on the taxes levied on LPG and the actual cost.
|
| Author: JOGI RAJU MANDAPAKA 07 Jul 2008 | Member Level: Silver | Rating: Points: 6 |
Well the i would like to blame Human Being for this outrageous increase in Oil Prices.
First of all let me say and point out to the fact that we have lost more than 20 of oil in War, Disasters, Natural Calamities etc...
Then our present and earlier generations have wasted oil and its products in using Petrol/Diesel Guzzling Machines.
last but not the least i believe the oil producing nations along with Companies are playing a dirty game and Intentionally creating a crude oil shortage which automatically results in increase of Oil Prices.
Cmon guys its time we find an alternative fuel and reduce the importance of this Fossil Fuel.
|
| Author: ARVINDH 19 Aug 2008 | Member Level: Gold | Rating: Points: 6 |
The reasons are as follows:
(1) Hike in gasolines or oils price
(2) Unable to collect the income tax from the high class peoples
(3) Giving lot of relaxations to the business persons
(4) Giving subsidies to the person who is not eligible for receiving it.
(5) Improper execution of the plans
(6) NOn utilisation of the natural energy resources available in our country.
(7) Intrution Politics and politicians in all levels.
(8) No encouragement and recognition of young scientists.
(9) Entirely corrupted administration.
(10) Non-resposnibility of the politicians, officers and people of the nation.
|
| Author: Sandy 19 Aug 2008 | Member Level: Diamond | Rating: Points: 3 |
In spite of subsidy we are getting this price. See the crude oil price its rising exponentially. It is expected in near future that subsidy will be withdrawn then we will have to face some more increase.
|
| Author: jyothi 22 Aug 2008 | Member Level: Gold | Rating: Points: 6 |
Hi,
I agree with arvind, and
First of all let me say and point out to the fact that we have lost more than 20 of oil in War, Disasters, Natural Calamities etc...
Then our present and earlier generations have wasted oil and its products in using Petrol/Diesel Guzzling Machines.
last but not the least i believe the oil producing nations along with Companies are playing a dirty game and Intentionally creating a crude oil shortage which automatically results in increase of Oil Prices.
Cmon guys its time we find an alternative fuel and reduce the importance of this Fossil Fuel.
Thanks,
jyothi.
|
| Author: Puneet Verma & Mitul Rana 22 Aug 2008 | Member Level: Silver | Rating: Points: 4 |
There is a hike in the oil prices due to the lack of resources and also our policies.
Moreover i dont think so that our leaders are educated enough to handle such matters.They look for oppurtunities to cut each others throats....Hike has been cuz we people have been ignorant.
|
| Author: kannan 22 Aug 2008 | Member Level: Gold | Rating: Points: 3 |
two reasons
one is scarcity of fuel so need to import
second is related to the first, as we are in a need to import govt takes full charge over it and puts max charge(tax) over it..
|
| Author: Rahul 23 Aug 2008 | Member Level: Gold | Rating: Points: 3 |
various reasons are....
less reserves in india.
high oil prices
import duty
inflation
huge differnce in demand and production
more time in india -iran gas pipe line
also various other factors which cannt be controlled by government.
|
| Author: SAranya 05 Sep 2008 | Member Level: Silver | Rating: Points: 4 |
It all because of the gulf countries rising their prices.
The production rate is going slow so they are rising the prices of oil and gas.
But there's a great disadvantage for the poor people in which gas is used.
They might not be able to bear the rise in prices..........
|