Monday, 26 January 2015

Are gas prices going up?

Are gas prices going up?
Yes, even though there is still a lot of oil, production and refining capacity is limited (or artificially restricted), and demand is up both in the US and worldwide. So the price of oil, and the gasoline made from it, is likely to continue to increase.
An increase in production could drop prices somewhat, as they have in the past after sharp rises. However, the long-term solution is to provide alternative energy sources, and thereby reduce demand.

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