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Tuesday 19 February 2013

Gas& The Economy

How Gas Prices Affect the Economy

The forecast for the summer driving lenify:  Hit the road early.  Not to standard the traffic, but to beat the t solelyer gas prices expected in mid-July. The rumor difference around is that oil allow soon increase to $ one hundred thirty-five a barrel, and gas stations could be robbing us by inflating the fuel prices to $5 a gallon, but it is possible, too, that gas prices will stabilize, perhaps giving the economy a better witness at recovery.

The major causes of high gas prices include the change magnitude demand for oil in places like China and India, high gasoline taxes, civil unrest in Venezuela, war in the Middle East, political instability in Nigeria, and too a few(prenominal) refineries in the U.S.  Demand is kept high (in part) by deal who prefer the comfort and safety of large trucks and SUVs regardless of their disdain fuel economy.  If they can afford the gas, I support their granting immunity to choose any vehicle they want. 

In my research I have discovered that gasoline supplies argon hindered by regulations that learn specialized blends of gasoline for certain parts of the country.  Gasoline employ to be essentially the same nationwide, but there are many different flavors of gas sold now, in many cases for specific counties.  Generally this seems to cause the price of gas to be higher in and around big cities.

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Auto Industry
The car industry has responded to rising gasoline prices and the need to reduce our addiction on oil by manufacturing smaller, more fuel-efficient cars, hybrids and, most recently, all electric cars that can travel up to 100 miles among charges. Consumers have supported this move; sales of hybrids in the join States, for example, grew by 33.9% during the first quarter of 2011. In addition, small vehicles presently account for about a quarter of all U.S. railroad car sales. People tend to hold on to there vehicles longer, not being able to afford a payment and the price of fuel. Financing has become an issue for those needing vehicles, with...If you want to get a full essay, order it on our website: Ordercustompaper.com



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