Charles Edison

"Economics, politics, and personalities are often inseparable." - Charles Edison

Tuesday, February 21, 2012

Gas Prices

gas prices begin to rise as we head into summer, the consumer price is going to
begin to slightly rise with gasoline. In January the consumer price went up
0.2%, which is the highest it has increased since September of 2011. As we see
this increase of not only gasoline but as well as consumer goods, we can begin
to make the assumption that the demand of certain goods will decrease. This is
where the market begins to become very competitive and eliminates the smaller
less profitable companies. This is not only bad for the smaller business but as
well as the consumers. As soon as the larger company has waited out the smaller
company’s failure and bankruptcy, the larger business is the only one with the
product now which allows them to "jack" the prices up because they
are the only ones who sell that product. Seeing how the price of gasoline
causes the majority of companies to raise their prices, it seems as if we need
something that does not rely on gas to be fueled. I believe as soon as there is
another way to deliver and shit goods from point A to point B without having to
pay the vast amount of money for gas, then not only will transportation be
cheaper but as well as the majority of all goods. This will better the economy
and the business world. Is there any way for the US to develop such technology?

1 comment:

kern said...

What sources did you use for this information? Please include links.