Tag Archives: gasoline prices

Global Fuel Prices – 12 Least Expensive Countries

12 World's Most Expensive Gas Prices, World's Most Expensive Gas Prices, Most Expensive Fuel Prices

Gasoline prices all over the world is soaring. On average, gasoline prices have increased more than 60 percent in the last two years.
However, the price of gas still remains low in some countries like Venezuela, which has the low gas price of 12.4¢.

High gasoline price can be linked to several things: Increased demand, Tensions with Iran , High demand in China and India.

Global Fuel Prices – 12 Most Expensive Countries To Fill Your Tank

12 World's Most Expensive Gas Prices, World's Most Expensive Gas Prices, Most Expensive Fuel Prices

Gasoline prices all over the world is soaring. On average, gasoline prices have increased more than 60 percent in the last two years.
However, the price of gas still remains low in some countries like Venezuela, which has the low gas price of 12.4¢.

High gasoline price can be linked to several things: Increased demand, Tensions with Iran , High demand in China and India.

Why is Diesel More Expensive Than Gasoline ?

Crude oil is processed and refined into more useful petroleum products, such as gasoline, diesel fuel, asphalt base, heating oil, kerosene, and liquefied petroleum gas. Diesel is cheaper to make out than gasoline, it should be cheaper at the pump. But diesel is more expensive than regular gasoline, Why is the difference ?

General Motors to close four plants

General Motors, the US automobile giant, is to close four North American truck plants and shift its manufacturing focus to smaller vehicles due to higher Gasoline prices.

The four plant closings will save $1 billion a year and cut North American capacity by 700,000 for trucks.

Production output will end at plants in Oshawa, Ontario; Moraine, Ohio; Janesville, Wisconsin; and Toluca, Mexico. The plants  will close in 2009 and 2010.

US is going through troubled times, Bush acknowledges

bush.jpg

In a speech to the Economic Club of New York, US President George W. Bush said that the economy was going through troubled times.

Bush said “in a free market economy there will be good times and bad times” and acknowledged “we’re going through a hard time.”