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What hapends when the gas prices go up?

Updated: 8/17/2019
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15y ago

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you pay more

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15y ago
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Q: What hapends when the gas prices go up?
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Related questions

Who is making the gas prices go up?

The Gas is making the gas go up


When gas prices go up does grocery's go up?

no


Why is the price of milk going up?

Because when gas prices go up, food prices also go up.


Is it true that gas prices rise with grocery prices?

No, grocery prices rise with gas prices. This is because gasoline is used to transport grocery products to the stores from where they are grown or manufactured. If gas prices go up, then the cost of the grocery products to the store owner will go up and eventually the price the store charges will have to go up.


Why do gas prices go up faster then they go down?

There are many different reasons why gas prices fluctuate on any given day. Typically, supply and demand plays a large part in the fact gas prices go up faster than they go down.


Can a mayor lower gas prices?

No. Gas prices go up and down with how much the barrels of gas from the oil companies cost.


Why are gas prices going up everyday?

Because oil prices are going up so gas companies have to raise their prices so they can make a profit and not go bankrupt.


Will gas prices go up much higher?

eventually


Why do gas prices always go up?

because the econmy is not as good as it was before


How do gas prices affect families?

Gas prices effect families because as gas prices go up the economy is going down. This causes job losses no businesses and you may even have to give up some of your freedom to help your families.


What are the factors of increasing of the petrol price?

Gas prices are set by a supply and demand system. If something happens that effects that system then the price can go up or down. Gas prices will go up in the United States when a Hurricane hits the gulf of Mexico coast and the Oil processing plants and Oil rigs have to close down. The demand for the oil/gas goes up and the supply goes down so the prices go up. In a situation like the Swine flu gas prices are going down because the demand is going down while the supply is going up. As the demand for gas/oil goes up the prices will follow.


Will gas prices go up again this summer?

Due to higher demand in summer, prices tend to go up. Also, accessibility of crude oil is a major factor.