Babycute3849 Babycute3849
  • 17-03-2022
  • Social Studies
contestada

Why are us gas prices soaring when america barely uses russian oil?.

Respuesta :

SChOlAr0135 SChOlAr0135
  • 17-03-2022

Answer:

So in that sense it doesn't really matter who specifically is getting crunched by the loss of Russian oil, because lower supply affects those global prices no matter what. And as we know from Econ 101, when there's less supply of an item in demand, prices rise.

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