The rising gas price also mean the signal of inflation on the coming year?
By kingparker
@kingparker (9673)
United States
April 9, 2011 3:02pm CST
As you might notice the rising gasoline price all over the nation, and it is keep on going now. We can not do nothing about it, and we also don't know much why the gas price will go up that fast within the last couple of months. Would that mean it is the signal of economic inflation? 15 years ago, the price was about less than a dollar per gallon, it gradually go up to $2.00 to $3.00 per gallon. Now, it has the signal of going up to $5.00 per gallon. Can it be the cause of inflation? How should we counteract this rising price?
1 person likes this
4 responses
@QeeGood (1213)
• Sweden
10 Apr 11
When the gas price goes up it is clear indications that there are insecurity going on in the world. Every time it is turbulence in the Middle East the gas price goes up. But when it goes down and is on a lower level over a longer period of time. the Swedish goverment sometime take the chance to raise the taxes on the gas price.
Convert the gas price in Sweden into US $ it would be $ 8,37 a gallon for premium gas.
@stephcjh (38473)
• United States
10 Apr 11
I think alot of people should start staying home more when they do not have to be out and about. We need to show them that we will not keep wasting our hard earned money on their gas prices. I would make all in one trips for groceries and things like that, other than work too. Gas prices would eventually come down if people would stop travelling all of the time and paying these ridiculous prices at the pump.
@Rallon (441)
• United States
9 Apr 11
I hate the fact that gasoline prices fluctuate. It makes it impossible to budget your expenses because you never know if it is going to skyrocket like it has done recently. We need another system to replace OPEC that averages out the price so that it doesn't fluctuate wildly. Skyrocketing oil prices affect everything else because those items have to be shipped using oil-driven vehicles. It just doesn't make any sense. I understand supply and demand, but there has got to be a better way. To make things even worse, I saw a news article recently that said OPEC countries brought in a whopping 1 TRILLION DOLLARS in 2010. Tell me that isn't some bull crap. They should make it so that the price cannot fluctuate more than a certain percentage in a given year. That would allow business as well as everyone else to budget the cost of their fuel without being caught high and dry.