Gas prices are on the rise and there is no sign of them dropping any time soon.
Gas prices are on the rise and there is no sign of them dropping any time soon. This means that many families are having to find ways to cut back on their gas usage, whether it be by turning down the thermostat or taking shorter showers. But why exactly are gas prices so high? There’s a lot more to it than just supply and demand.
What is causing the increase in gas prices?
One of the main reasons for the increase in gas prices has been due to rising oil prices. Oil has become increasingly expensive over the last few years, especially since America pulled out of Iran’s nuclear deal in 2018. In addition, Iran’s oil exports have dropped significantly since America announced its withdrawal from the deal, which has caused oil to climb even higher.
