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Aside from the obvious inflationary role as prices go up, there is another interesting effect, which is that as gasoline becomes more expensive, people become less willing to commute long distances, and therefore are more interested in living close to where they work, thus making urban real estate more valuable and suburban real estate less valuable.
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Why do high oil prices affect food prices?
transportation of food takes oil to get it around to your local grocery store therefore driving up food prices.
How does dependency on oil affect gas prices?
Since there is a constant need for oil the people who sell the oil may raise the price on Oil to make profit in result it rases gas prices.
How did the Organization of Petroleum Exporting Countries (OPEC) oil embargo of 1973 most affect individuals in the US?
It raised gasoline prices.
How did the organization of petroleum exporting countries OPEC oil embargo of 1973 most affect individuals in the us?
It raised gasoline prices.
Where can you get MOPS oil prices?
The MOPS oil prices can be found on the Platts website. It has current prices for oil, natural gas, and coal. The prices change on a regular basis and are constantly updated.
What are things that affect oil prices in 1945?
no
Definition of real assets?
In the investing world, real assets are an asset class generally for investors who are particularly concerned about inflation, currency prices or other macroeconomic factors. These real assets might include gold, oil or real estate, for example.
What are three things that affect oil prices in 1945?
no
Why do high oil prices affect food prices?
transportation of food takes oil to get it around to your local grocery store therefore driving up food prices.
Why do heating oil prices change so frequently?
Oil prices change frequently for a number of different reasons. Crude oil is a big part of this, and will affect the price of oil. Demand can be different depending on the weather and economy. Seasons can also affect the demand for oil.
How does dependency on oil affect gas prices?
Since there is a constant need for oil the people who sell the oil may raise the price on Oil to make profit in result it rases gas prices.
How did rising oil prices affect nations around the world?
It made buying oil more difficult
How do changing oil prices affect the economics of consumer nations?
I reqlly dont know how to answer it
True or false Fortunately oil prices are rarely affected by global events?
False, global events often affect oil prices. The Gulf War is a prime example of this.
What are societal changes that affect the family?
prices rise gas goes up oil rises in price
How do you look up the current prices of gold silver oil etc?
Someone can find the current prices of gold and silver by looking at real charts on a finance or stock news website. Such websites provide real time updates on precious metal, oil and stock indices.
How does rising oil price affect the price of polyester resin?
as polyester resin is a bi-product of oil so if the prices of oil rise then it is definite that the polyster resin price will also rise.
