Over the last several months, the price of gas has decreased dramatically. In many states (including Missouri), it is below $2 a gallon for the first time in several years. Today we'll take a look at the reasons for the drop in prices as well as the benefits.
Why oil prices keep falling--and throwing the world into turmoil
What the huge drop in gasoline prices means for America
Cheaper gas prices benefit some, hurt others
The unintended consequences of cheap oil
OPEC members feeling the pain of falling oil numbers
Questions:
1. List three reasons why oil prices (and gas prices as a result) continue to decline.
2. What businesses and industries are benefiting from this decrease in oil prices?
3. The decline in oil prices is not good news for everyone. Who is being negatively affected by the decrease?
4. What other negative consequences might we see from the drop in oil prices?
5. Should the US increase its gasoline tax?
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