What are the main causes for the changes in gas prices?

I’m don’t exactly know why the price of gas fluctuates so much, but I need to know why for a project. Does the war really affect it as much as we think it does? And what about natural disasters like earthquakes and tsunami’s?

2 Responses to “What are the main causes for the changes in gas prices?”

  1. meg Says:

    A small change in the supply or demand for Oil causes a large changed in the price. Economist refer to this behavior for oil as being inelastic.

  2. ~~♥iLoVeMyGiRlS!!~~ Says:

    no its because the oil barrels are rare. they can barely find any. there is plenty in alaska but there are tree huggers that wont allow them to cut down some trees to get it. and another reason is because our gov’t is f***** up. lol