Why Gas Prices Are So High - The New York Times
6/14/2022 12:00:00 AM3 years 8 months ago
by Ella Koeze, Clifford Krauss
by Ella Koeze, Clifford Krauss
How much people pay for gas is the result of trading on a sprawling international market. Like many other facets of the global economy, it comes down to a matter of supply and demand.
$1 $2 $3 $4 $5 per gallon 1980 1990 2000 2010 2020 Expected June avg. $4.59 per gallon Adjusted for inflation Not adjusted Source: Energy Information AdministrationNote: Prices adjusted… [+6190 chars]
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