There has been steady increase in the price of gasoline recently. What is driving the increase of gasoline price and how it will effect the lives the people ho drive cars and those who do not dive at all? The price of gasoline reached over $1.40 per litter in Canada this summer.
Some people believe in that there is in balance between the demand and supply of oil around the world. Because countries such as China and India are consuming more gasoline than before and demanding it. In the meantime, supply of oil remains the same and did not increase.
Others say that global geopolitics is what is causing the oil crises that we are facing nowadays. For instance, contraries such is Iran and Nigeria which are part of the OPEC cartel are not contributing the oil production for political reasons, and thus affects the oil prices around the world.
What ever the reason might be, the increase of the price of gasoline had effected people in different ways. For example, there has been global food shortage and food price increase. Because farmers rely on gasoline for their crop production; therefore there is direct correlation between the price of the gasoline, and the price of the food that we buy from the market. Also
people who don,t farm but drive cars especially pig trucks, and SUVs have felt it from their pockets.
Solution would be if we could produce reliable alternative energy that replaces gasoline, or if the automobile companies could produce gas efficient cars that consume less gasoline.
1 comment:
I think the automobile lobby group in the USA is very strong and it will prevent much change from taking place in the US. We will have to look at other parts of the world for change and innovation. I think the US is losing its place at the top of the heap.
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