why raise in oil price would cause inflation?

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why raise in oil price would cause inflation?

2006-10-16 01:05:43 · 3 answers · asked by ralph q 1 in Business & Finance ➔ Other - Business & Finance

3 answers

Taxi costs 2 dollars to go one mile.
Oil and gas prices go up.
Taxi costs 3 dollars to go one mile.
Pull into McDonalds.
Can only buy double cheeseburger.
Oil and gas goes up.
Everything goes up.
Everything has to be transported.

2006-10-16 01:09:44 · answer #1 · answered by RIDLEY 6 · 4⤊ 0⤋

Commerce people can answer this question well

2006-10-16 09:21:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋

why not ?

2006-10-16 08:07:12 · answer #3 · answered by rottentothecore 5 · 0⤊ 0⤋