Definition of «gasoline prices»

The term "gasoline prices" refers to the current market value or cost of a gallon (or liter) of gasoline, which is the fuel used in internal combustion engines for vehicles such as cars and trucks. Gasoline prices can vary depending on several factors including supply and demand, geopolitical events, production costs, taxes, and other market conditions. Higher gasoline prices can lead to increased transportation costs for businesses and consumers alike, while lower prices can provide relief at the pump. The price of gasoline is often monitored closely by individuals and organizations as it can have a significant impact on the economy and people's daily lives.

Sentences with «gasoline prices»

  • First, rises in gasoline prices have cut usage, and by more than a little. (carbontax.org)
  • 95 % of the shops surveyed said customers cited high gasoline prices as a reason for their transportation - related purchases. (treehugger.com)
  • As gasoline prices remain high, more and more buyers are coming to the conclusion that sometimes less is more. (kbb.com)
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