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When gas prices rise, other products soon follow. This is a sign of inflation, where the general value of money decreases and prices rise.
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∙ 13y ago
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What are societal changes that affect the family?
prices rise gas goes up oil rises in price
How have gas prices affected the overall economy?
Of course, the price of things rise when gas goes up- produce that is carried on trucks goes up, milk, bread, etc.All prices go up, employees get paid the same so they can buy less. Prices rise, people get paid the same, they can afford less.Only thing that seems to remain stable are entertainment prices, seems like everyone can afford to have a good time.
How is the price of gas affected by supply and demand?
If the price of gas keeps going up like it has been these past few months, that means one thing: we are running out of gas and demand will rise.
What was the gas price in 1923?
The price per gallon of gasoline in 1914 was about $.17/gallon.
What makes the price of gas rise?
mainly speculation - financial traders pushing the price up. Also the exchange rate of the US Dollar is low compared to the Euro.
When was gas price 9 cents?
I looked for this answer and there is no gas price listed for 9 cents. It goes too far back to the very start of cars. The earliest date I found was 1920 and the price was .18 cents a gallon.
How will gas prices rise by Christmas?
It is hard to certain but it seems that gas price wil fall by a considerable amount by Christmas. The price of oil has dropped $50 a barrel in the last month. I would expect gas prices to drop by 75c to a dollar a gallon by Christmas.
Why does gas have 9 10?
The practice of tacking 9/10 of a cent on the end of a gas price goes back to when gas cost only pennies per gallon and was a tax imposed by state and federal governments. Gas stations added the fraction of a cent on the end of the price instead of rounding up the price.
How much did a gallon of gas cost in october 2004?
The average price for gasoline in October 2004 was $1.99. The rise in gas prices has been steady for the past ten years.
The price of natural gas rose 4.8 percent in the January 1997 consumer price index the biggest one month rise since record keeping began in 1952?
True
How can you stop the rise of gas prices?
The people must all unite and agree for an appropriate price and then we send a bill to the government and they decide for us.
What Is cheaper natural gas or electricity?
Natural gas used to be much cheaper, but with rising oil prices its about on par with electric now. The price for gas will most likely continue to rise though. So, electricity is cheaper.
