If the prices of gas is being increased then it can be found that everyone will get affected in the long run scenario. If there prevails a high price at the fuel pump then individuals will get worse off. This is because; if there is high price then individuals will be left with less money to spend on any other kinds of items. Thus people will have to reduce their level of consumption and search for other alternatives where they will be able to spend their money. But this scenario is quite different for those of the business owners and the retailers because for them the cost of
