Mar
Why is petrol going back down in price?
Posted by admin as Petrol Prices Australia
In australia its back down to $1.17.
Im not complaining i just wanna know why and how?
Simple: It's supply & demand.
When supply goes up & demand goes down, people have to lower their price if they want to sell any gas.
The reverse effect is also true. When supply goes down below the demand, people can charge more for it. If you need gas you will pay it.
(You also notice this in the produce section of the market.)
Simple: It's supply & demand.
When supply goes up & demand goes down, people have to lower their price if they want to sell any gas.
The reverse effect is also true. When supply goes down below the demand, people can charge more for it. If you need gas you will pay it.
(You also notice this in the produce section of the market.)
References :
Business & economics degree.
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