![Cause and Effect: U.S. Gasoline Prices](https://www.americansecurityproject.org/wp-content/uploads/2011/11/Gas-pump-SMALL.jpg)
Cause and Effect: U.S. Gasoline Prices
![Gas pump SMALL](https://www.americansecurityproject.org/wp-content/uploads/2011/11/Gas-pump-SMALL-150x150.jpg)
![download](https://www.americansecurityproject.org/wp-content/uploads/2012/10/download-150x150.jpeg)
In brief:
- The current price of gasoline marks the 3rd time in 4 years that prices have gone above $3.75 per gallon.
- Gasoline prices are very closely correlated with the price of crude oil.
- Oil prices, in turn, are tied to events largely outside of America’s control.
- Oil prices depend on the interplay of supply, demand, and the perception of future changes in supply or demand.
- The only way to reduce our vulnerability to spikes in oil prices is to use less of it
You can read the report here, or below
Cause and Effect – US Gasoline Prices
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