Gas prices Essay Example | Topics and Well Written Essays - 500 words

Gas prices - Essay ExampleA vast majority of machines in different industries are powered by catalyst. Apart from the industrial return of bluster, it is an extremely important element of the modern age life style. In the contemporary age, there is massive consumption of mishandle even on the interior(prenominal) level. We use gas heaters, gas ovens, gas stoves, and gas lamps. In addition to the in-house consumption of gas, a vast majority of vehicles on the roads use gas as a secondary fuelling source that works as efficiently as petrol does. The voluminous increase in the use of natural gas does not accord with its declining natural reserves. There is an inverse relationship betwixt the two. Gas prices have risen almost all over the world in the past few years. Much of the rapid increase in the gas prices that has occurred in the recent years can be attributed to the inverse relationship between gas production and consumption rate. Current rate of gas consumption is alarming, and gas prices are likely to increase further if the current consumption evaluate sustain over next few years. Solution Solution of this problem lies in wise utilization of the remaining gas. It is not advisable to completely let out the use of gas stoves or gas ovens because no alternative has yet been realized that would give better or even the same results as gas stoves or ovens do.