Monday, January 6, 2014
How Important Are Fuel Prices?
Someone has to pay for all this fuel. Guess who?
Without transportation fuel, the world as we know it stops functioning. With expensive fuel, more of the economy's resources have to be spent on shipping rather than the material or products themselves.
With inexpensive fuel, more economic activity can happen, more goods are created, more goods are delivered, and it is all less expensive. The result: Everyone has a higher standard of living all over the world.
What will make fuel less expensive? Competition.