Friday, September 25, 2015

Gas, Still Not as Cheap as It Used to Be

Gas, Still Not as Cheap as It Used to Be


How does this article reflect the ideas of Demand and/or Supply that we learned in class?
Energy costs are a major expense for most families, and many of those family want tax cuts. The government is taking many steps to push oil costs even lower, like drilling for more oil.
More oil means lower prices, which can lessen the energy costs for the majority of America. Although drilling for oil has negative effects, like carbon emissions, the need for oil is so large that the government is willing to let those carbon emissions be released.

How have you seen the ideas of Demand and/or Supply play out in your own experience in the marketplace?
See Last Blog Post (Using Economics in Homecoming Ticket Sales).






















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