Rising Cost of Gas And Oil Prices :: Economics

Not only have gas and embrocate prices changed but they have made everything else go up in price. The damage of living and the way that state ar living is effected by these rising follows. In this paper I will discuss the divergent ways that these prices are affecting commonplace life. The way that everyone has changed things in thither life would be transportation and business apostrophizes. Gas Prices have changed a lot over the years and it seems to be increasing in cost and that it is not going away to change. According to Foreman (2008), in 1981 the cost per congius was $1.35 and now the cost is between $2.84 to $3.23 . Some of the reasons that the cost of gas is going up is because of the rising cost of vegetable oil. Gas prices are affecting muckle in there everyday lives with driving, living expenses, and with the cost of their living. Families are having to target a budget for there fuel and are having to not fetch as much. Oil Prices are at there highest brains and the repercussion of this is the cost of gas and the cost of living. The cost per barrel is going up, at that point the cost of fuel goes up as well as everyday costs. The cost per barrel is $91.77 to $ 100.09 ( Oil prices rise back above $91 a barrel, 2008) , this year alone and only seems to be getting worse. The fight has helped to make the cost of oil go up, because we are at struggle with Iraq and that is where we get our oil. There is a shortness of oil and with this the cost of oil will go up, so will the cost of living, and the cost of fuel. crosswise the United States individuals are feeling the high prices of gas and oil prices. These prices are starting to hurt our economy because people are not cosmos able to travel as much as they used to be able to. Families are feeling the hurt when they do travel because when people go to go camping with there children it costs more in food then they had in there budget and same with fuel.