The economic impact of high gas prices

The economic impact of high gas prices 1
 
The Economic Impact of High Gas Prices
 
A Brown
 
Strayer University
 
The Economic Impact of High Gas Prices 2
 
The Economic Impact of High Gas Prices
 
Section 1: Introduction
 
The American economy is one of the strongest in the world; people from every
 
country comes here to live or travel on vacation with their families and take advantage of
 
 
its many economical opportunities available to its citizens. Traveling is one of Americas
 
Favorite pass time and a way of life for its citizen. When the quality of life is
 
 
interrupted, and people are not able do to the things that they use to do on a regular bases
 
the people panic and that send the nations economyshow more contentAmericans love luxury vehicles, during the pass 10 years SUVs` became the major family vehicle, families are starting to feel the financial strain at the pump when they have to put gas in their vehicle. Some people can not afford to fill up their SUVs because it cause $50 to $100.00 to fill their gas tank. These same vehicles use to case lest than $35.00 at a lower gas price. Rising gas price affect every one, not just drivers, some gas station in the south and mid west is completely out of gas due to the rising gas price. The gas station owners can not compete with the larger oil company who control the flow of oil. We are already seeing a ripple effect from the high gas prices. Go shopping lately? We seem to be in a perpetual daze when it comes to the economy. “Oh, nothing bad will happen; Things will be okay”. It seems easy to forget of the not-so-distant times during the Great Depression.
 
Rising gas prices affect everything across the board. This is because commodities need to be transported across the country on trucks. Trucks, as you know, require lots of gas.
 
 
Section 4: U.S. Economy The rising cost of retail gasoline prices has affected U.S. households regardless of whether their members drive, take public transportation, or walk. In a modern economy, the interdependency created by supplying specialized labor and trading for all otherGet Access
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