Gasoline Prices

Gasoline is a very popular word these days. Everybody is talking about this topic. Seven years ago the gasoline prices per gallon cost around $2.00 dollars, today the gasoline prices is around $4.00 or more. These prices are controlled by the biggest and strongest monopolies in the world who produce a lot of oil every year. Economically speaking, if people consume a lot of gas, the prices of it starts to grow because the gas is limited. That is the law of supply and demand in economics. This happens because people everyday buy new cars which consume a lot of gas. However, automobile companies are beginning to develop new technology to make gasoline consumption more efficient.