Whether we like it or not, gas prices are rising again and unfortunately they do not plan on decreasing the price in the near future as we are all hoping for. Gas prices being increased has a big effect on what we spend our money on because gas is a necessity when you need to drive to work or school. Spending more money on gbas means that most of us will have less to spend on other goods or services.
The Price for gas is rising quickly and there are no plans of stopping that, gas is $3 in the suburbs currently and merely $5 in the city. President Trump wants to drill of the entire U.S. coast in order to produce more oil and gasoline. Though the United States is the third top oil producer in the world, we want to move higher up the totem pole. People living on the coast have a big disagreement with the thought of drilling on setially land that could be potentially harmful to drill on. The risk of an oil spill on one of the beautiful beaches that line the coast is not low and even the thought of an oil spill is scaring the residents in the area.
Why are gas prices increasing so much? With the economy and government crashing in Venezuela we are expecting the production of oil and gasoline to drop very soon, so raising the gas prices is the short term solution to a long term problem. As the production levels drop more and more gasoline prices will begin to raise more and more so that the U.S. is able to keep a steady economy. We need our economy to stay steady because if we were to decrease gas prices while the production of gas is dropping it would only take a huge bite out of our economy. However another good part of the gas prices rising for the economy is that the use for public transportation will be more necessary helping keep our economy up and thriving.Works Cited:
Amadeo, Kimberly. “Why Are Gas Prices So High?” The Balance, The Balance, www.thebalance.com/why-are-gas-prices-so-high-3305653.
Crudele, John. “Why Gas Prices Are so High - and What Americans May Have to Risk to Make Them Lower.” New York Post, New York Post, 24 May 2018, nypost.com/2018/05/23/why-gas-prices-are-so-high-and-what-americans-may-have-to-risk-to-make-them-lower/.
Folger, Jean. “How Gas Prices Affect The Economy.” Investopedia, Investopedia, 16 Oct. 2015, www.investopedia.com/financial-edge/0511/how-gas-prices-affect-the-economy.aspx.
