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April 21, 2015

How Oil Prices Affect Everything (Infographic)

By Jennifer Forbes

The infographic below explores how and why the price of oil has changed over time and how this have had a huge effect to our daily lives and on the global economy as a whole.

The research we carried out showed that the fluctuating oil prices meant that Americans on average saved $1,100 per household when the oil prices decreased by 57% in a year. The graphic also explores whether cheaper oil encourages more people to buy a new car and how the tourism industry gets affected by oil prices.  Enjoy!

Infographic produced by Vouchercloud

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