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Rising gas prices don't help us at all. We end up having to pay more and paying more for a product is never a good thing.
From an economic perspective, one benefit of rising gas prices is that the law of demand takes place. This states that as the price of a commodity goes up, the quantity demanded decreases and vice versa, assuming ceteris paribus. The one advantage, therefore, of rising gas prices is that there will not be as much demand and the risk of a shortage is lessened.
What else can I help you with?
What is the average monthly gas price?
$999,999,999,999,999,999,991.99 think of the US debt it will help you remeber
What was the average gas price in the US in 1978?
The average gas price in the US in 1978 was $0.65/gallon in the US. That was the same as $2.34/gallon today.
what was the Average gas price in 1968?
The average price of gas in 1968 was $0.34/gallon in the US.
Average price of gas in US?
It is important to know the price of gas when planning to travel. The current average price of gas in the United States is $3.472 per gallon.
What is the price of gas in 2013?
$3.44/gallon, US.
What is the price of regular gas in us today?
3.00
Price of a gallon of gas in US in 1932?
.10
What is the current price of a gallon of gas?
As of June 9, 2010, the US national average price of a gallon of regular gas is $2.713
What is the current price of gallon of gas?
As of June 9, 2010, the US national average price of a gallon of regular gas is $2.713
Current price of gas in Toronto Canada in US dollars?
As of June 2014, the price for gas in Toronto, Canada in US dollars is $1.26 per liter. The price per gallon would be equivalent to $4.76 USD.
What was the average gas price in 1975?
The US average price for a gallon of gas in 1975 was $0.57. Gas remained under the dollar mark until the 80's.
What was the average gas price in 2014?
$3.30/gallon in the US.
