
Ecoholics - The Largest Platform For Economics
March 1, 2025 at 10:09 AM
*Why Do Oil Prices Fluctuate? – The Economics Behind It!*
Oil prices impact everything from transportation to food costs! ⛽📉
🔹 *Geopolitics* – Conflicts & OPEC decisions shift global supply
🔹 *Demand & supply* – More cars, industries, or a global slowdown?
🔹 *Currency value* – A weak rupee makes oil imports expensive
🔹 *Alternative energy* – The rise of EVs and renewables could change the game
What do you think—Will electric vehicles reduce India’s dependence on oil?
Stay tuned for more mind-opening updates!
