answersLogoWhite

0

How do gas prices affect families?

Updated: 8/22/2023
User Avatar

Wiki User

15y ago

Best Answer

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.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

11y ago

High Gas prices will lead to hike of prices of all goods associated with it. Nowadays gas is used abundantly for manufacturing a lot of things. For example metals. So if the price of gas goes up the price of metal will also go up. Everything that uses metal cars, furniture etc will also go up.

This answer is:
User Avatar

User Avatar

Wiki User

11y ago

having to pay alot of money

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How do gas prices affect families?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

How do rising gas prices affect teenagers?

The rising gas prices will affect teenages just as the rising gas prices affect everyone.


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.


Who regulates fuel prices?

Many entities control gas prices. When the U.S. government places tax on gas that is a price control. When the U.S. government keeps oil companies from drilling and building refineries, or making the cost exorbitant, that affects gas prices. When the Middle East countries cut back the amount of oil they drill for, that causes gas prices to rise. The evrironmentalists, putting heavy regulations on gasoline raises gas prices. These are just a few that affect the price of gas.


Is obama going to change gas prices?

We don't know yet for sure but his energy advisor, Steven Chu, has said numerous times that gas prices should be increased to help "curb global warming". In the summer of 2008, Chu stated that we needed to raise the tax on gas to get it to be the price of gas in Europe to make people drive less. The price of gas was $8 a gallon in Europe at the time. Whether Obama would attempt such a strategy is unknown. Obama has never said he wanted gas prices to be lower, even dismissing eliminating the gas tax during times of high priced gas. Obama most likely will increase gas prices, but not to the extent Chu advises. be looking for the $5.00 gallon gas this summer, the change occurring in May.


What will gas prices be in 30 years?

In 30 years, gas prices will be well above $8.00.

Related questions

How do rising gas prices affect teenagers?

The rising gas prices will affect teenages just as the rising gas prices affect everyone.


How gas prices affect you?

Well, the prices are so high. In the beginning of the year it was around 2.97 or a few more cents. But the prices are crazy and effect*ing my budget.


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.


What are societal changes that affect the family?

prices rise gas goes up oil rises in price


lowest gas prices?

lowest gas prices ? lowest gas prices for southern illinois ?


Who regulates fuel prices?

Many entities control gas prices. When the U.S. government places tax on gas that is a price control. When the U.S. government keeps oil companies from drilling and building refineries, or making the cost exorbitant, that affects gas prices. When the Middle East countries cut back the amount of oil they drill for, that causes gas prices to rise. The evrironmentalists, putting heavy regulations on gasoline raises gas prices. These are just a few that affect the price of gas.


What were gas prices in 2009?

the gas prices in 2009 were about 3.20


Is the president going to change the gas prices?

Since when did the president control the gas prices? The President can't control the gas prices. The only way the gas prices will go down is when gas companies can buy the gas for less.


How does alcohol abuse affect families?

I think it affect families by the actions the abuser is or was taken ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !


What affect did draft dodgers have on their families?

Split the families.


Gas Prices 1992?

In 1992 gas prices are just $1.19 to $1.30


gasoline prices?

how much is gas prices