Q. Gas prices here in America have just reached an average of $4 a gallon. How much is gas (liter or gallon) in other countries? Are Americans paying a greater price for gas than the rest of the world?
A. US Gas Prices Are Still Cheap Fuel subsidies are common in oil-rich countries. Venezuela, which has vast oil reserves, maintains a price of Bs.F 0.097 per litre (around US$0.05), and has done so since 1998.
Other countries with subsidised fuel include Iran, Saudi Arabia, Egypt, Burma, Malaysia, Kuwait, India, China, Taiwan, South Korea, Trinidad and Tobago, Brunei and Nigeria.
The Australian state of Queensland also subsidises fuel at the rate of A$0.08354 per litre
Gasoline prices are low in the United States when compared with most other Western countries. In June of 2008, gasoline prices in the United States were US$1.06/litre (US$4.00 per US gallon).
Belgium (Brussels) US$/gal $8.44
Denmark US$/gal $9.31
Italy US$/gal $8.78
Hong Kong US$/gal $8.33
Netherlands US$/gal 9.73
Kuwait US$/gal 0.79
The cheapest.? Venezuela US$/gal 0.19
Other countries with subsidised fuel include Iran, Saudi Arabia, Egypt, Burma, Malaysia, Kuwait, India, China, Taiwan, South Korea, Trinidad and Tobago, Brunei and Nigeria.
The Australian state of Queensland also subsidises fuel at the rate of A$0.08354 per litre
Gasoline prices are low in the United States when compared with most other Western countries. In June of 2008, gasoline prices in the United States were US$1.06/litre (US$4.00 per US gallon).
Belgium (Brussels) US$/gal $8.44
Denmark US$/gal $9.31
Italy US$/gal $8.78
Hong Kong US$/gal $8.33
Netherlands US$/gal 9.73
Kuwait US$/gal 0.79
The cheapest.? Venezuela US$/gal 0.19
What will happen if the oil prices rise again to unexpected price?
Q. The oil prices is rising again and again. Most of our daily process relies on oil. Will there be rise on properties, market, food . What can we do to prepare for this hike?
A. Bike to work, eliminate urban sprawl, drive cars that use cleaner energy or are more fuel efficient or use hybrid whatever⦠And yes the increase in fuel prices will have a trickledown effect on everything because everything in the market relies on fossil fuels. As far as what we can do to prepare for this..? Increase the rate of your personal earnings faster than the rate of future inflation or learn to become frugal with everything. In either case, weâre going to have to get used to the realization that we canât keep living the way have been and either we learn this lesson on our own or we have the outside forces of the world economy make us learn that lesson.
What happens to prices during a recession?
Q. This is what my friend said:
All prices go up because businesses lose customers so they charge more so they're making up for the customers they've lost.
Logically it would make sense to drop their prices, that way more could afford it but that's a risk no company will take as there's a massive chance they won't break even, let alone get any profit.
All prices go up because businesses lose customers so they charge more so they're making up for the customers they've lost.
Logically it would make sense to drop their prices, that way more could afford it but that's a risk no company will take as there's a massive chance they won't break even, let alone get any profit.
A. In a recession, there is a slowdown in business activities, consumer spending, capital spending, falling profits and a rise in unemployment.
As more people are being retrenched during a recession, consumer spending will decrease. A widespread decrease in consumer spending across nations will result in the falling of consumer prices. Generally people will spend less and save more during recession due to the lack of consumer confidence in the economy.
As more people are being retrenched during a recession, consumer spending will decrease. A widespread decrease in consumer spending across nations will result in the falling of consumer prices. Generally people will spend less and save more during recession due to the lack of consumer confidence in the economy.
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