How are the falling global prices for natural resources impacting
the United States?
Should the usage here be of or for?
They both seem fine to me and I think this is grammatically correct too. If so:
What is the difference between the two in this context?
Best Answer
Out of context, "What is the price of oil?" sounds more natural to my (American) ear than "What is the price for oil?".
There is a context where "price for oil" does sound natural to me. If I am looking at something from the point of view of a supplier of oil, then I want to know what price I can sell the oil for. In other words, I want to know the "price for oil".
If the author of the original quote is discussing issues from the point of view of commodity producers (such as miners and frackers), then "prices for natural resources" seems natural to me. If the author of the original quote is discussing issues from the point of view of manufacturers or consumers, then "prices of natural resources" seems natural to me.