In this episode, we are going to talk about why oil prices fluctuate and the petrodollar. Why does it always seem that gas prices change cost, nothing else fluctuates so much. Many people never heard of the petrodollar, we’re going to touch the surface of how oil sales work.
Not many people have heard of the petrodollar and just as many people don’t know what affects gas prices. Gas is one of the only necessities that we allow for such drastic price fluctuations. The petrodollar is a system that the majority of the world uses to buy crude oil. Gas prices are determined by many factors including supply and demand as well as crude oil prices.
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0:09 | Introduction with the Hosts/Affiliates/Updates
0:21 Petrodollar
16:11 What determines gas prices
17:45 Crude oil
19:43 Tax
31:15 Marketing distribution costs
