Keyword Analysis & Research: prices are on the rise

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Frequently Asked Questions

Why is beef so expensive now?

Beef and pork prices hover at near record high due to labor shortages, high grain and energy costs and just plain old demand

Why do oil prices go up?

High oil prices are caused by high demand, low supply, OPEC quotas, or a drop in the dollar's value. Demand for oil and gas follow a predictable seasonal swing. Demand rises in the spring and summer due to increased driving for summer vacations.

Why have gas prices increased?

High gas prices are caused by high crude oil prices. Oil costs account for 72 percent of the price of gasoline. The remaining 28 percent comes from distribution, refining, and taxes, which are more stable. When oil prices rise, you can expect to see the price of gas rise at the pump six weeks later.

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