Alexis asked:


Since, inflation is considered macroeconomics and rising gas prices have an impact on inflation, how’s gas prices considered microeconomics?

tikebad91 asked:


I’m just curious as to what all of your opinions/reasons are toward the gas prices in the summer of ‘09. 10 points to the best answer. Thanks!
Also include what you think the price is going to be. =)

snitzelgrooven asked:


Bush wanted to go into Alaska for oil and they found a huge oil reserve off the gulf of mexico. Are we running out of oil or do you think after Bush leaves office the price of oil will drop? Or do you think oil and the president have nothing in relation to how gas prices are today? I know Iraq has a good deal to do with it but I wonder once he leaves office prices will drop?

Sarah asked:


The U.S. is not the only country where gas prices are going up, it’s the same situation in Canada, the UK and most of Europe, but what are the reasons for it?

I know this question has been asked many times and I’ve searched for the answers, but I always find a conspiracy theory or answers that blame Bush and the war in Iraq. Without giving me a link to a you tube conspiracy theory video or simply blaming Bush, can someone please explain to me why gas prices are going up almost every day in most developed countries?

school_papers asked:


The LOWEST I’ve been able to find gas in my area is $2.69 per gallon with a more likely gague of $2.79-$2.90 per gallon. Not two weeks ago it was usually around $2.23. I was wondering if someone could tell me why there was a sudden sharp increase in gas prices again? Answers with additional information on how this economically happens or affects the country will be looked at more favorably for the best answer.

Anthony asked:


The gas price is way too high. Its not going down at all. The prices here United States is in the 4 dollar range and up. When will the price down down to 1 dollar and change like 10 years ago. In the past 10 years the gas prices doubled and tripled. Is the gas price ever going down to a cheap price. Why are the prices of everything so high compared to the average salary now compared to before?

Stephen M asked:


I read in a business article that when our currency “strengthens” the gas prices go down. My question is, why?

Martin P asked:


Gas prices here in America have just reached an average of $4 a gallon. How much is gas (liter or gallon) in other countries? Are Americans paying a greater price for gas than the rest of the world?