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When gas prices go up, it forces students to make tough decisions, like whether they should spend their money on food or on gas, and that is not only bad for the students but for the economy as well.Many students are not used to having to make these decisions. Chelsie Christiansen a general education freshman from Utah is one student who is having a hard time adjusting to the prices in Hawaii.Gas prices here are already too high. I cant afford to eat, and now I cant afford to drive. Christiansen said.When gas prices are high, fingers get pointed, usually at the economy or the wars, but this time it seems to be the bus strike taking the blame.
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The gas prices are probably going up because of the bus strike. Lloyd Durden a psychology senior from Washington said. Now people have to drive, its supply and demand. It makes it really tough to get anywhere because I cant afford it,.Brent Wilson, dean of the School of Business, agrees that supply and demand is usually the case for increased prices.Gas is like any other product if more people want to buy it, the prices go upÉ, he said. Right now there is a demand for gasoline.Bill Green, owner of Kahala Shell Autocare, feels that the fuel industry is struggling, and the problem might be in public misconception.There is a perceived problem no one puts there primary product on the street every day so you know what the prices are, he said. We do [and] its to our disadvantage.Is the problem really public misconception or is in the hidden costs of fuel? When purchasing gas one is not only paying for the fuel but the taxes on it. In Hawaii, the gas tax is 5 and a half cents per gallon, the highest in America. And with prices of crude oil up to $.50per barrel, public prices have to go up to make ends meet.However, with gas prices continually going up, the cost of other everyday purchases also increases..Gas prices not only increase the price of my driving, but the price of my food, Wilson said. To make it and ship it all takes gasÉthat leaves me with less to spend, because my paycheck is in no way linked to gas prices.It creates sort of a downward spiral for the economy,.Hawaii is not the only state to be hit by price increases. Prices are increasing all over the nation, hitting $.4 at a station in Los Angeles. This seems to be a problem that has attracted the attention of the Energy Information Administration, but they say the prices will fall again soon.How much (prices) will fall over the course of September is as yet unknown, but it is likely that gasoline consumers will be paying significantly less for gasoline at the end of this month, EIA officials told CNN.com....
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