Gas Prices Argumentative Essay

Gas is something we need in our day-to-day life to operate vehicles that bring us places we need to go. Without gas we can't go on living our normal lives. Sadly the prices of gas are not pleasant to the consumers at times, but we have to deal with it. Around the year 2012 gas was a staggering $ 3.60 average and was $4.00 at time, the people were asking the government to mandate gas prices. Although if the government were to mandate gas prices, the prices would be more appealing to the consumers, but not for the long run.

There has been some talk about an “oil-extraction tax.” With this tax in place, it would force companies to fork out more of the tax instead of the consumer. If higher taxes are put in place for the producer ultimately they are not the ones paying the higher price the consumer is. Either way producers will receive revenue and in order to do that they will just raise their prices. The demand for fuel is based on necessity forcing consumers to pay outrageous prices because they need it. In addition to the tax, oil companies would have to disclose more information about their supplies and prices. Since the companies have market power, some believe with the tax in place it would reduce the price of the good.

If the government decides to continue with the drilling of new sites or expand the Keystone XL Pipeline there are environmental dangers and concerns to follow and still not enough oil production to fuel the countries demand. The importing of oil from foreign countries would still be a necessity. For now the prices of gasoline are still on the rise and with use of the oil money future tool prices are sure to continue rising. As it seems in this current economic crisis, consumers need to make their voice heard with the government and hope something will change with the way oil is produced and imported to lower the cost for everyone.

The following article is regarding what is most important to everyone around us regarding the pricing for gasoline at the pumps. This is a topic that concerns most people on this planet, why are the prices for gasoline so high and is it regarding the greed of oil producing companies to continue to keep rising the gasoline prices as high as possible. We will discuss the many reasons why these fluctuating pricing keeps occurring within our world market. We will use the retail gasoline pricing between the

This question is a casual argument because it speculates the consequences in increasing the gas taxes.

needs to continue to produce oil by fracking because if not then another country will have more power over them because they control the United States oil supply. This would make it to where the United States had to import more oil and probably still have to purify it so that it is of the top quality to go into the United States market. This would raise the price of oil all over the country making gas prices go up and eventually affecting the whole economy. Then the United States would have no oil and the economy would be suffering from a lack of jobs from a quarter of the oilfield being shut down as well as higher gas prices which slows travel down. With higher gas prices people do not travel as much and hotels, airlines, and many other industries will be suffering from it. The United States already imports oil from unstable countries such as Saudi Arabia, Venezuela, Syria and Iraq. By importing from these countries the U.S. is helping support the regimes in those countries. If the U.S. cuts out 25% of their current at home oil source they would be opening a door to support countries not on their side as well as hurting their own

To begin, I believe it prudent to discuss the macroeconomic considerations of rising gas prices on both the income and substitution effect. As such, a brief but comprehensive introduction will be needed to help make inference concerning consumer behavior. To begin,

Our dependence on foreign oil is ruining us. With the amount of money this nation owes other countries we simply can not afford to continue importing such expensive oil, not even considering it affect on our environment. raising taxes with not a senseless decision, for with the tax revenues, a mass

The US transportation industry would suffer economic hardships jobs would be lost and transportation companies would shut down due to lack of business. The United States imports sixty percent of all oil used from foreign nations (Lugar). If foreign oil was not imported, an immediate price rise would be in effect on the oil that is gathered and stored internally. Because it can take five to ten years to start up an oil processing plant, the oil reserves in the US would be depleted. The price for a gallon of gasoline would double, seriously affecting transportation: “Saudi Arabia has the largest [oil] reserve capacity followed by Iran, Iraq, Kuwait and the United Arab Emirates” (Lugar). If the US closed off borders to foreign imported oil, then not only would the American transportation system would disappear but thousands of American jobs would be lost. Diesel is used in the transportation of goods in America in both semi-trucks and modern trains. Not only is diesel and gas used in the transportation of goods but also in the creation of them. If the US stopped importing foreign oil, and the prices on both gasoline and diesel rose exorbitantly: so too would the cost of the products they carried and helped to create. Transporting goods state to state would become costly and eventually, would stop altogether. Closing American borders to foreign oil will cause problems for to the transportation industry as well as

Drivers realize that the price of gas is tied to the market value of crude oil, and has a direct impact to their daily commutes, errands, and vacations. However the reality is that the price of fuel has implications much grater than most consumers realize. Fuel prices affect nearly everything we purchase. For example, the price of farm commodities and food increase because farmers pay more for the fuel for their farm equipment and trucking firms pay more for fuel to get the commodities to market. These shipping “fuel surcharges” impact all goods

On Friday October, 9th the House Of Representatives voted to try and reverse a ban on the exports of oil. The vote of 261 to 159 was in favor of the of bill. The bill is expected to incur a challenge in the senate and the white house. The issue is predicted to become an issue in the presidential election. The people that are not in favor of the bill say that removing the oil ban could raise gas prices however, the director of Crude Coalition, Jack Hauck, says that “every american household is saving $700 or more this year because refiners are passing on savings to U.S.

In this text, I concern myself with the contents of two articles based on recent microeconomics issues. During the last two months, the price of gas in the U.S. has been on an upward trend. Taking into consideration recent happenings on the international scene, this trend could have been triggered by many different factors. The articles I make use of in this case discuss the rising oil and gas prices.

The US consumed 142 billion gallons of gasoline in 2007 and the tax applied on it is 18. 4 cents on one gallon. All around the US, there are around 162,000 retail gasoline outlets. With the price of crude oil hovering around $100 a barrel, it is no wonder that concern is growing about the gas prices being so high. After all, modern economies are kept moving by this lifeblood. For instance, in the United States alone personal vehicles consume more than 140 billion gallons of diesel fuel and gasoline per year.However, there are several factors that contribute to the gas prices being so high. Given below are a few of them. Increasing Demand for Oil One of the main catalysts for the incessant rise in gas prices has been one of the most

The fact that so much oil is being taken out of the ground is causing problems because the more that is being taken out the higher the prices will be. According to the Toronto Star “We’re going to have a massive crisis as the cheap petroleum runs out” (Zerbisias3). As the prices increase the more conflicts will arise between countries. All of the oil being exported is majorly used for the transportation and production of energy in other countries. All of hydrocarbon molecules that make up crude oil and petroleum products are highly toxic to many organisms, including humans. The Maclean’s journal states that “ If everyone in North America started driving hybrid cars tomorrow, it would contribute just a fraction of the overall reduction needed to cut global emissions 50 per cent by 2050” (Colin2). If everyone around the world would drive hybrid cars it would make a big difference in the world. All of the toxins being released by the crude oil are of the main reasons why global warming is getting worst and worst as time goes by.

Within the last two years, the oil industry has increased the price of oil causing gas prices to rise to $3.00 a gallon today. It was only a few years ago that the price of gas was $1.00 a gallon. There have been many complaints against the oil industry on price gauging and monopolizing the industry. Oil companies are reaching sales up to $100 billion and they are seeing profits in the $10 million range. These are the facts that we receive from the media and the government to portray a negative image on the oil industry. The oil industry does not seem to be getting their fair shake and peoples perception from the media and government reaction have clouded the statements