Since the cost of everything goes up every year because of inflation, why is it expected that gas will stay the same price?

Question

Since the cost of everything goes up every year because of inflation, why is it expected that gas will stay the same price?

In: 4

Answer 1

>why is it expected that gas will stay the same price

Its not. You’re just wrong here.

Oil prices are the primary driver of gas prices, and oil price can be highly variable on the world market that does not necessarily reflect inflation or inflation within any single country. Inflation matters, but much much less than the price of the underlying raw material needed to make gas: oil.