How does supply and demand affect oil prices?
What can we do about the high prices of gasoline?Supply and demand with oil prices?
Supply and demand affect oil prices the same way they affect everything else. An increase in demand or a decrease in supply leads to an increase in price. Conversely, a decrease in demand or an increase in supply leads to a decrease in price.
If you want to lower gasoline prices, the easy way is to lower demand by using less of it. The harder way is to increase supply by drilling for more oil, %26amp;c.
No comments:
Post a Comment