How does the petrol price affect world economy?

745 views

I was on Twitter a few minutes ago and my feed was full of people talking about the fall in petrol prices, some of them were talking about consequences in the dollar rates and I don’t understand at all. How does the petrol price affect world economy? And how does it affects all of us non billionaire people?

In: Economics

6 Answers

Anonymous 0 Comments

Low oil prices equate to low gas prices. It’s a boost to national economies at the expense of oil company profits.

You are viewing 1 out of 6 answers, click here to view all answers.