What effect does gas prices have on teens?
How do gas prices affect families?
Asked in Law & Legal Issues, Economics, Gas Prices
How does gas prices effect everybody else please respond?
Asked in Economics, Gas Prices
How does the prices of gas rising effect your economy?
Is the president going to change the gas prices?
What effect has the Iraq war had on US gas prices?
It's caused prices to rise significantly. The U.S. military uses a ton of gas every day to run its vehicles, and the added demand on gas has caused an increase of fuel costs. That coupled with the devaluation of the dollar, are probably the major causes of increased gas prices. Time published an article in 2003 that attributed a 30 cent rise in gas prices because the government bought an incredible amount for "reserve."
Asked in Economics, Barack Obama, Gas Prices
Did Obama fail to lower gas prices?
No. It is not up to the president to lower gas prices. Gas prices are the result of global factors, including world-wide supply and demand, natural disasters that caused refineries to close, as well as speculation by people who are trying to force prices up so that they can make more money on gas and oil-related stocks. A president's policies may have some effect on gas prices, but it is not the case that one person can control those prices. That said, when President Bush was in office and gas prices were high, people wanted to blame him for it; now that Mr. Obama is in office, we see the same tendency. Meanwhile, if you look at statistics from the past several decades, you will see that gas prices continue to fluctuate-- they rise and fall, and a variety of factors influence how high or how low the prices are.