It was, and still is, a staple import of the united kingdom, which at one time had possession of the 13 colonies of America, India and Hong Kong. As such, these three countries maintain to this day a strong trade network with the UK and her former colonies.
Rising gas prices will result to Americans opting to find other means of transportation that costs less. Instead of driving, they may decide to ride public transport, walk, or ride a bike. Others who can afford to will opt to buy cars that is more fuel efficient. This means that they will still be driving but the car will burn lesser gas compare to before.
High gas prices will not only rely on how much it costs to produce it but also on how much the consumers are willing to pay for the fuel. If consumers demand less fuel, in the long run, gas prices will go down.
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