Post
Topic
Board Economics
Re: Fuel prices hitting an eight year high
by
romero121
on 01/11/2021, 17:37:17 UTC
Several reasons can be added for the fuel price increase.

  • Very basic is the shortage of gas around the world.
  • In several parts of gas reserves were under maintenance as a result of continued lockdown. This has caused decrease in the outcome for supply
  • The consumption have increased and gas for energy generation is used much as the energy generation through wind isn't that effective in this season
  • The lack of supply caused demand. This wholesale price increase have reflected on the overall price of the gas for consumers
  • Today it was Congo that has got added to the list of Gas Shortage country
  • Making use of other forms of energy is the only way through which the price can come into control.