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I just reduce travelling by my vehicle.
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∙ 12y ago
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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 is oil important to Venezuela econonmy?
Venezuela's oil-based economy illustrates the affects of overspecialization. When oil prices are high, its economy is strong. When oil prices drop, its economy weakens.
Why was the national speed limit introduced?
In response to high oil prices.
What of the following was a major problem of the United States in the late 1970s?
High gas prices and oil shortages.
How do you broker an oil deal?
Buy low, sell high and stay out of the middle.
Did high oil prices in the 1970's eliminate poverty in southwestern Asia?
Southwestern Asia is the sub continent of India. Nevertheless, what ever geography is used, poverty remains a fact of life in most of Asia. High oil prices usually benefit the old oil cartel and other oil producing nations.
Impact of high oil prices in domestic air travels?
The advantages are that people like George W. Bush get rich when prices are high but the disadvantage is that you can't afford it any more.
How much did crude oil prices rise in 2008?
The highest that the crude oil prices ever hit was USD$147. You can read about it and the reasons why the prices went that high here : http://english.aljazeera.net/focus/2008/09/200898133143509358.html
How do I find information on high fuel and oil prices?
There are several reasons for why the fuel and oil prices are so high. One reason is that the commodite traders bid up the price on the gas contracts. Another reason is beacause the oil prices are a bit rude today, mainly due to oil costs account for a large portion of the price on gasoline. So if the oil price rises so do the price at the gas station about six weeks later.
Is OPEC to blame for high gas prices If so why?
OPEC wants gas prices to be higher so that its member nations can profit more from oil.
What is meant by computers best prices?
It means to have a good deal on a computer. Most computer prices are high and some are quite expensive. You can get the same thing for an affordable price if you look.
How would high oil prices cause inflation?
oil in general is used i production of goods and services.. oil as in petrol oil can be used in manufacturing products and if oil price is high, cost of production would be on the increase so this will result in the increase in the price of that product.
