KIDS Issue 880 · October 6, 2021

Fuel Hike

Why is gasoline so important? And what makes the price go up or down?

Fuel Hike

It gets you to school. It takes you on vacation. It brings your favorite snack to the store. It’s so precious that wars have literally been waged over it. No wonder it’s called “liquid gold.”

Gas is something we rarely see, yet is so important in our lives. Recently, gas prices have soared. Because gas is used as fuel to ship products to the market, higher gas prices cause everything else to go up in price too.

Why is gas so important? And what makes the price go up or down?

 

Supply and Demand

Like most things in life, the more people want something, the more it’s going to cost. When more people are traveling, like during vacation and national holidays, gas is more expensive.

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