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Homework answers / question archive / A key reason that our gasoline prices elevated rapidly from 2006 to 2008 was: A) Tight global supplies and high prices B) War in the middle east C) Greed by oil-exporting countries D) Inflation
A key reason that our gasoline prices elevated rapidly from 2006 to 2008 was:
A) Tight global supplies and high prices
B) War in the middle east
C) Greed by oil-exporting countries
D) Inflation. d inflation?
Option A is correct.
This is so because of the tension in the middle east and the OPEC members not increasing the global supply of oil despite the high demand. Non-OPEC members were not able to increase the supply of oil substantially.
