ARE THERE OTHER FACTORS? It’s unusual for gas prices to fall during the summer, because that’s the peak driving time for American motorists. Some analysts think the high prices have led drivers to cut back, but the evidence is mostly anecdotal. Some states suspended their gasoline taxes, ...
Why Are Gas Prices Climbing? It Is Primarily Washington-Not OPEC or Domestic Oil Companies-That Bears the Blame for Inflated Gasoline PricesA mid soaring gasoline prices, the incumbent administration came under heavy rhetorical fire from its challenger during the presidential campaign. The candidate,...
Current gas prices are painful but likely tolerable for some time. The more effective sanctions, however, might produce major political pushback. Either way, I suspect the world's oil markets will likely adjust and find a new equilibrium by the end of the year. We probably won’t get back...
1. Local Businesses Could Benefit- As gas prices continue to rise, people are not going to want to drive around all over to get what they want or need. This could help local businesses in the areas where people live. Instead of that trip 15 minutes away to the big box store, people ...
"The overall aspect is that supply and demand have changed," he told CBS MoneyWatch. "Everything was upended by COVID. If it hadn't happened, we would have been in a different situation." Here are three reasons why gas prices are spiking — and when experts think they might come down...
No single person, company or even governmentcontrols gas prices. Instead, there are several reasons why Americans are facing increasing pain when they fill up their vehicles. First, blame the COVID-19 pandemic, which threw oil markets severely out of whack two years ago. They still haven’t ...
Experts think gas prices — which a year ago averaged$2.18nationally for a gallon of regular, according to AAA — will drop later this year. In the meantime, here are the main reasons they say gas prices have surged. Supply disruptions ...
Many students find it harder to study when they are at university or college than when they were at school. Why is this the case? What can be done to solve the problem? Give reasons for your answer and include any relevant examples from your own knowledge or experience. Write at least ...
as of Jan. 9 is $3.069 per gallon, according to AAA, which tracks gas prices. The price is up slightly from the average recorded a month ago at $3.018. The price a year ago was $3.078. At the moment, these are short-term trends happening within the larger picture of elevated ...
Wholesale gas prices have surged by 250% since the beginning of the year, including a 70% rise since August. Sky News explains why this is happening and how it is disrupting the country's food supplies.