Tuesday, April 5, 2011

Gas Prices

Gas prices are very important to Americans and that shows by seeing how much traffic there is on the high ways. Studies say that Americans drive 3 trillion miles each year. Since more usage of gas is used during the summer and holidays because of all the vacation trips the prices are demanded up. Disasters also raise prices like for example when Hurricane Katrina occurred the Price went up to $3.05 in 2005. Prices are like a roller coaster in this country i think because they go up for a while and then go down but it never ends. Since they go up it encourages people to drive less. Also growing demand can outpace refinery capacity. 
I think that the gas prices are always going to be going up and through out time they are just going to get worse. When they are going to lower it's probably not going to be that lower since the high prices are going higher. It's just making the economy worse for the people. 
 Bosner, Kevin. "How Gas Prices Work". How stuff works a discovery company. 2011.

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