Moreover, the high gas prices generally are led by the high crude oil prices, and the crude oil is the raw material of most important chemical products such as nylon and synthetic polymers, which are inputs of most industry products. Cause And Effect High Gas Prices Essays and Research Papers Search Offshore Drilling, Shale Oil Deposits, And Untapped Anwr Oil Will Help Combat High Gas Prices And Make The u.
s If a gas shortage would ever happen, the O. P. E. C. would simply raise the price of oil, which would increase the price of gasoline in gas stations. The next effect of a gas shortage would be a decrease of people living in suburbia.
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Effects Of High Gas Prices. Gas prices in the United States are breaking record highs. Millions of people need fuel drive to work, to school, and to the bank, to accomplish 2015 roundup of research on the global decline in gas and oil prices, and the potential effects on public health, transportation and driving, business economics and However, most energy firms take advantage of high oil prices, these firms make more profits than usual due to the rose demand for substitute energy sources like natural gas and ethanol.
2008 was great year for many energy firms, future prices increased sharply, reached a peak at 145. 85 on July 3rd 2008.