Gas
Written by: Nolan T.
Gas is something that everyone needs but why do the prices fluctuate so much all the time? When you stop to get gas in your car you might see the price at $2.37 not think or care about the price and the next time you fill up it's $2.72.
Higher gas prices mean consumers pay more at the pump and less on other things that people might want to buy. Retailers suffer when shoppers have less money to spend at their store because high gas prices lead to more online shopping. When the gas prices go up online shipping goes up also because they need gas to deliver your goods. auto manufacturers have started making smaller and more cost effective cars for people to buy so they don't need to spend a lot of money on gas all the time.
Folger, Jean. “How Gas Prices Affect The Economy.” Investopedia, Investopedia, 3 Feb. 2021,
Wow, that is something that I had never thought about when it comes to the price of delivery. I find that very interesting. I am so happy that you had brought that to my attention.
ReplyDeleteI never realised that there was a correlation with gas prices and online shopping. but now that you bring it up, it makes sense! When gas prices go up I don't really notice because I have to fill up any way. I surprised that people avoid driving at all when gas prices go up by a couple cents.
ReplyDeleteI never though about how gas prices could affect stores. I never really thought about how much money online companies would have to spend on gas for deliveries.
ReplyDeleteThat is super interesting. I liked the information I learned in this blog. I wonder if this has directly affected you in a way with the recent high gas prices.
ReplyDeletethanks gavin
DeleteI think that this was a very good topic to write about. I think us as teens are very aware of debit cards since that is all we are allowed to use until we are 18. I personally didn't know much about credit cards prior to reading your blog post, however now I am much more aware of how to use credit cards and how they can benefit me.
ReplyDeleteI remember last year around this time Gas was very cheap. It was 10 bucks to fill up my car. That is insane! Now gas is very expensive. Pushing 3 dollars per gallon. There are a lot of factors to the increase in gas prices. Joe Biden stopping trade for oil in other countries is definitely one of them. I kind of think of gas like stocks. The prices go up and down but you are going to have to live with them. Maybe one day we will all drive electric vehicles.
ReplyDeletewoah, I have always wondered why the gas prices fluctuate so much and I have to use premium so its usually more than regular so I hate getting gas and always wonder why its so much. Now I have a better understanding from this article so thanks!
ReplyDeleteI have always wondered why gas prices are increasing. I also had not even thought of prices of online shipping so that was very interesting to me. I really enjoyed this article because of how short it was; articles with lots of information lose the readers interest but this was refreshing to read.
ReplyDeleteI never actually knew why gas prices go high up randomly so thanks! I didn't know that online shipping effected gas prices so drastically.
ReplyDeleteThis piece is pretty helpful. I did not know much about how online shopping and gas correlate. This is very interesting and something that I did not consider before. This post is very interesting and something I do not think anyone has looked into so it is unique. Overall, why do gas prices never stay the same and how the government has a role in this would be good things to offer in this post as well.
ReplyDeleteI never really knew about the correlation between gas prices and online shopping but now that I've read this I realize that it actually makes sense why the online shopping prices would go down because of the less amount of demand for the products. I thought that you did a great job with this article because you brought up something that I never thought about and now that I see this, it better explains how higher prices of gas can lead to lower prices in online shopping. Overall, you did a great job with this peach and I found it very interesting about the correlation between the two things.
ReplyDeleteI really enjoyed your article because I believe that gas, and gas prices is something that a lot of kids our age have to deal with whether we do or don’t pay for our gas. I thought it was interesting how you talked about an increase in gas prices leads to more online shopping because people want to save gas. It is crazy to me how if one thing in our economy fluctuates in price, then it can have a lasting effect on other things. Since gas is a fossil fuel, where do you see gas prices in the next 10 years?
ReplyDeleteIt’s crazy to see how the gas prices just keep going up. It’s also sad to see that it is affecting retailers as well. Maybe in a couple months the prices will go back down, but we will never know.
ReplyDeleteI like that you brought up that point about shipping prices increasing when gas is more expensive. I've been selling things online for a while now and I haven't seen shipping prices change yet, but that is something I should keep in mind. If gas prices go up and make shipping go up, I may lose business if people don't want to pay more for the shipping.
ReplyDeleteThere is great information on this blog and that I didnt even know about and I'm glad that you shared that information with us. Great Job!!
ReplyDeleteI’ve always been curious why gas prices fluctuate so much. I remember last year gas prices were so cheap and were only around $1.90 or something like that and now it’s almost $3.00 a gallon. I never thought about the point you made that when gas prices go up, online store prices will go up because they have to deliver the goods and pay for the more expensive gas prices. Do you think in the future for online stores not to charge more when gas prices go up they should purchase electric cars?
ReplyDeleteI never thought about the connection between gas prices and retailers. And I never knew why gas prices keep going up, but this seems like one reason. I think that it is interesting. I guess that it sort of makes sense.
ReplyDeleteI did not know that there was a connection between online shopping and gas prices. It makes more sense as to why gas prices are going up to this day. Thank you for bringing this to my attention.
ReplyDeleteI did not know that the fluctuating gas prices effected so many other things such as retailers and online shopping. However, now looking at it does make sense, how the more money that is spent on gas the less people have to splurge and retailers are taking a hit from it. Thanks for the insight.
ReplyDeleteCrazy to see how much we and everything around us is effected buy gas. I wounder if soon with all the new enhancements in electric cars if we won't need to wory about gas prices.
ReplyDeleteIt's interesting that higher gas prices actually lead to more consumer purchases online. It'd be interesting to explore how gas prices fluctuated with consumer shopping before online markets became commonplace, and whether gas really had a considerable impact on not just in-person shopping, but also regional shopping.
ReplyDeleteQuite honestly, although retail might have an impact on things that people buy and therefore gas prices, I feel like the main reason gas prices change is based off of supply and demand... For example, during Covid, gas prices went below $1 because people weren't going places. Right now, the cost went up since the beginning of 2021 because Russia and OPEC cooperated with output costs. Also as summer is approaching, summer blends of gasoline typically cost more to produce.
ReplyDeleteThese are interesting questions! I think gas is an interesting example of economics because its price can change easily. We produce and consume a lot of gas, and gas stations often compete with each other. Its consumption can change randomly because so many people use it in varying amounts, which change from day to day. Gas stations can also change the price easily, since they are selling pretty much constantly each day. Therefore, I think the main reason the price of gas changes so frequently is because it can due to the nature of its production and consumption.
ReplyDeleteThe relationship between gas prices and any other prices I find interesting. Gas is set by the availability to get it from cheap sources, which is currently the OPEC countries. When the Saudis or Russia stop selling gas to each other, gas gets cheaper and more expensive. In the 70's, during the Yom Kippur War, Muslim countries stopped selling gas to the US, which skyrocketed gas prices here. Gas prices also affect regional industries, as fracking only become economically viable when gas prices are high enough. This improves the economy of the Upper Midwest. Gas prices usually also basically set the prices for produce, as transport by road is what makes most of the price for the produce in the Midwest. Because our economy is so transport-driven, the gas prices basically run much of the economy.
ReplyDeleteAs we've seen in the past couple month, gas prices have been slowly increasing. The country is starting to open back u again after almost being closed down for a year. People are starting to travel more, and as a result of this, the demand for gas is increasing. When demand increases, the price also does up. I'm not a big fan of high gas prices, but regardless, it is something that I have to pay for.
ReplyDeleteI never knew gas prices were effected by other products and effect other products. It's weird to see gas prices fluctuate so often.
ReplyDeleteThe rise of gas prices is truly astonishing! Furthermore, it is slightly concerning as it is the big expense for a majority of us high school students!
ReplyDeleteI thought this was a very interesting article, because I've never really thought about why gas prices fluctuate so much. The point you made about when gas prices are higher, the consumer is going to have to spend less on other things was very interesting. How would you suggest someone would budget for gas while considering the fluctuation of the price?
ReplyDelete