We have high fuel prices because nobody is willing to say "NO" to Saudi Arabia.
We also need to prevent all the major oil companies from reaping record all time profits. Spread some of that profit...
Basically the price mechanism acts as "an invisible hand" or signaling mechanism. They play a key role in allocating resources and the distribution of the national product. Consumers react to prices...
This is when consumers and producers respond to information( signalling) and incentive provided by the prices then scarce resources will be rationed between competing uses
Oil price fluctuations have impacts in many different markets all over the world. A couple years back, when gasoline prices were topping off around five dollars a gallon, you can see how the demand...