Summary:
While with the normal season change it is only custom that other parts of society change. In this case it is gas prices. This has been a normal tradition but at this point is is higher than previous spikes as the earlier occurrences through the year including long-term oil supply/demand imbalance, a robust economy, production cuts from OPEC and Russia, the collapse of the Venezuelan oil industry, and the Trump administration’s destabilizing Middle East policies.In most states the shift of blame lays on the Republicans and the current president, however in California the angered eyes turn towards its own representatives. Although most prices will decrease after the summer it has been reported by many that they have opted out on long road vacations for the raised gasoline.
Opinion:
I feel that such a price raise is only normal as it is a big season for driving and vacationing giving the perfect opportunity to raise funds in that area. I feel that many people would be upset with and is given the power to finger point yet it happens about every year so I don't see how many can be over dramatic and blame those who make the official statement. Personally I don't drive so I myself can not see the base effects.
Do you believe that it is reasonable for the gas price raises at this point in time?
How does this affect your thoughts on driving or how would you believe people to change their mode of getting places in response? Would more switch to public transportation? Would this help or further hurt the economy?
Link:Article-NewYorkTimes
1 comment:
To answer your question about whether or not an increase in gas prices will deter people from driving, I think that is highly unlikely, even if prices go up significantly. Even in 1973 when OPEC imposed an embargo on the US, people still bought gas -- even though it sometimes meant waiting in line for hours, or only being able to get gas on certain days each month. Whether people drive their own cars or Uber/Lyft, driving is an essential part of American society and I highly doubt people would stop driving because of a small increase in gas prices.
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