Register
Why are us gas prices soaring when america barely uses russian oil?.
96.8k views
23 votes
Why are us gas prices soaring when america barely uses russian oil?.

User Exort
by
2.9k points

1 Answer

7 votes

Answer:

So in that sense it doesn't really matter who specifically is getting crunched by the loss of Russian oil, because lower supply affects those global prices no matter what. And as we know from Econ 101, when there's less supply of an item in demand, prices rise.

User Thomas Parslow
by
3.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.4m questions

4.3m answers

Other Questions

A two-year-old child has a pet dog named Sophie. The child visits her neighbor and sees the neighbor's pet dog. Even though the neighbor's dog is larger and of a different color, the child points to it
Unilateral Contract:_________. A) Contract agreed to orally or in writing. B) Contract in which both parties make promises to perform; a promise is given in return for another's promise. C) A contract
A marker used to identify a person in a photo is called: A. a download B. a tag. C. TMI. D. "friending."
Why does laughter seem to qualify as a biological functions?
One's decision to call someone engaged in guerrilla warfare a terrorist rather than a freedom fighter depends on one's view of the cause they’re fighting for. In the context of social psychology, this
Link Copied!