Kamis, 27 Maret 2014

THE EFFECT OF GAS PRICES ON THE ECONOMY

The USA consumes 400 million gallons of gasoline every day. This with the burgeoning demand from developing nations such as China for gas, has pushed gas prices to record highs, and having an all-pervasive and on-balance a damaging effect on the US economy.
Gas prices in the USA/Canada often vary significantly between gas stations and supermarket gas pumps. In many areas, gas prices can vary by 20-30 cents per gallon or maybe at times even more within a small area. This makes that most motorists in the USA/Canada are shopping around to find the best deals on gas, but are still paying a lot more for it.
High gas prices make people stop and think about their commute. This will affect the US economy by reducing value of properties in outer commuting zones around the cities, and depress rural property values.
Analysts were predicting a gallon of regular to climb as high as $4.50 a gallon in California by Easter 2011. But these same analysts are saying that if you think gasoline is expensive now, just wait until next year! A combination of growing global-demand and rising U.S. fuel exports could send gasoline prices to further record highs in 2012, analysts say.
The effects of such big cost hikes will reduce available spending money for all those on average wages and below who need to travel significant distances in their cars, and this will further depress the US economy when this cash gets diverted away from a myriad of local spending decisions affecting local businesses from restaurants to children’s shoe shops.
Cars now are more fuel-efficient than they were in the 90s, so car owners can reduce your spending on gas by choosing fuel efficient vehicles. This is making US car manufacturers and car importers develop and extend their low fuel vehicle ranges. But, US car manufacturers have been slower than others, such as the Japanese marques, to develop some of the most innovatory fuel efficient vehicles such as the hybrid engine vehicles. This will tend to raise car imports to the detriment of the US economy until the US manufacturers catch-up.
It is not all bad news though. Companies that own oilfield reserves will be seeing the value of their resources growing, and businesses that are connected with the renewable energy market are growing rapidly right across the range of renewable energy sources from wind, to thermal energy, and of course that most popular of renewable sources which is solar. Renewable energy companies are growing fast and employing increased numbers of staff.

TENSES :
1.       USA/Canada are shopping around to find the best deals on gas.
Present Continuous Tense
2.       But are still paying a lot more for it.
Present Continuous Tense
3.       Analysts are saying that if you think gasoline is expensive now.
Present Continuous Tense
4.       This is making US car manufacturers.
Present Continuous Tense
5.       Energy market are growing rapidly right across the range.
Present Continuous Tense
6.       Renewable energy companies are growing fast and employing increased numbers of staff.
Present Continuous Tense
7.       Analysts were predicting a gallon of regular to climb as high as $4.50 a gallon in California.
Past Continuous Tense
8.       This will affect the US economy.
Simple Future Tense
9.       Big cost hikes will reduce available spending money for all.
Simple Future Tense
10.   This will further depress the US economy.
Simple Future Tense
11.   This will tend to raise car imports.
Simple Future Tense
12.   It is not all bad news though.
Simple Present Tenses
13.   Companies that own oilfield reserves will be seeing the value of their resources.
Future Continuous Tense
14.   Car manufacturers have been slower.
Present Perfect Continuous
15.   The USA consumes 400 million gallons of gasoline every day.
Present Tenses
16.   Gas prices in the USA/Canada.
Present Tenses
17.   The US economy until the US manufacturers catch-up.
Past Tenses
18.   A combination of growing global-demand and rising U.S.
Present Continous Tenses
19.   High gas prices make people stop and think about their commute.
Past Tenses
20.   Of renewable sources which is solar.
Present Tenses