Does everything in America depend on gas prices?

i was having a conversation with my dad and he just hates obama and hes always talking c ra p about him but one thing kindof made sense...that everything in this country depends on gas prices and in order 4 america 2 get back on track gas prices need 2 go down 1st. what do u think? also if u were president what would you do to help the country?

9 Answers

  • 10 years ago
    Best Answer

    Your dad has a point.

    Gas prices are a very important economic factor and they have been very high for a very long time.

    But they are not likely to come back down any time soon:

    1) We are competing with the entire world for our gas. This is not just America. China and India are growing at amazing rates. They are consuming more.

    2) Gas is a finite resource. Once we burn it all, it's not coming back. So it's actually becoming rarer and rarer.

    In economics terms, that means we have product whose demand (people wanting it) is growing, while the offer (people having it for sale) is going down. This can only lead to higher prices.

    The solution has to go through weaning our depency to oil. (Not just foreign oil - oil period).

    -We need new energy sources.

    -We need more public transportation.

    -The U.S. needs to stop thinking of itself as "world police". (The army guzzles up huge quantities of gas).

    In short, oil is part of the problem, but the solution will have to bring us to think way beyond oil.

  • 10 years ago

    It IS a "wolf at the door".

    Oil wars seem inevitable. Even if OPEC countries want to be ‘fair’ and allocate the oil evenly when production declines, it would mean that major users would face shortages and high prices. Will an American or Chinese leader stand back in the face of rising prices and domestic unrest or will they resort to military pressure, maybe on the pretense of terrorist threats or instability? We have grown used in the latter half of the Twentieth Century to major countries fighting economically - forgetting the thousands of years of near-perpetual conflict that occurred before. The wars of the Twenty First Century could be the first sign of a return to a historical way of life, a regression in civilization.

  • Anonymous
    10 years ago

    Well actually when you account for inflation....gas is much cheaper per gallon than it was 20-30 years ago. Fact of the matter is, when gas is 2.50 a gallon and a 20 oz bottle of water is 1.20.....someone is pulling a fast one on America.

    To your question though....yes....everything within reason is depended upon the price of gas. Mainly because everything has to be shipped somewhere. When it costs more to get the products to the destination, the increase at the pump for shipping is passed on to the consumer at the cash register.

  • 10 years ago

    Gas prices depend on the demand for oil. In our rush to get cheap labor from places like China, we have managed to hugely increase the demand for oil in those regions.

    Thus the only real way to get oil prices under control would be to put all of our manufacturing back in the US. That would greatly diminished the global need for oil.

    The only other way is to force companies to adopt other technologies. For example there is a car engine that runs by making steam pressure. It outperforms all diesel engines in its efficiency and can run on any type of fuel.

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  • 10 years ago

    Oil prices affect the prices because oil is used in the production and delivery of so many goods. Fuel to run the tractors, the factories, trucks and trains for shipping, electricity for the store.

  • Anonymous
    10 years ago

    Gas prices will never go down.

    We are draining it. We are using too much too fast and eventually, there will be no more.

  • Anonymous
    10 years ago

    Yes! Prices on oil have doubled since 0bama took office...

  • Anonymous
    10 years ago

    keep those gas prices where they are at,,,,or lose complete control of EVERYTHING.

  • 10 years ago

    see- peak oil

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