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Thomas Lynch

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2y ago

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Related Questions

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


What impact do fluctuations in oil prices have on the airline industry?

Fluctuations in oil prices have a significant impact on the airline industry. When oil prices rise, airlines face higher operating costs, leading to increased ticket prices for passengers. Conversely, lower oil prices can result in lower operating costs and potentially lower ticket prices. Overall, oil price fluctuations can affect the profitability and financial stability of airlines.


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.


How do changing oil prices affect the economics of consumer nations?

I reqlly dont know how to answer it


Does cooking oil affect the way things float?

sometimes


What are societal changes that affect the family?

prices rise gas goes up oil rises in price


Why did oil prices cause economic troubles in nigeria on the 1980s?

Because of things that were going on with the country like the government things.


How does a brent crude oil affect local market?

Brent crude oil prices significantly impact local markets by influencing the cost of energy and transportation. When Brent crude prices rise, it often leads to increased fuel prices, which can drive up transportation costs and, subsequently, the prices of goods and services. Additionally, higher oil prices can affect inflation rates, prompting changes in consumer spending and investment. Conversely, lower Brent prices may provide relief to consumers and businesses, potentially stimulating economic activity.