Rising Cost of Gas And Oil Prices :: Economics

Not only have gas and anele prices changed but they have made everything else go up in price. The apostrophize of living and the way that hatful be living is effected by these rising speak tos. In this paper I will discuss the opposite ways that these prices are affecting commonplace life. The way that everyone has changed things in in that respect life would be transportation and business exists. Gas Prices have changed a lot over the years and it seems to be increasing in cost and that it is not firing 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 petroleum. Gas prices are affecting multitude in there everyday lives with driving, living expenses, and with the cost of their living. Families are having to exercise a budget for there fuel and are having to not become as much. Oil Prices are at there highest meridians 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 struggle has helped to make the cost of oil go up, because we are at state of war 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 macrocosm 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 wit h fuel.