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(Economics major) The factors that influences our current gasoline price. ( crude oil, tax, etc..).... On the demand side, it is us consumers who determines it according to our consumption of energy and also generally the world’s economic growth or downturn. This happens when there is an economic growth where demand for energy increases and that means that the requirement for fuel will also naturally increases and that will translate for higher prices in crude. The opposite also applies just like what happened in the fall of 2008 where gasoline prices dropped below $2 due to the recession in the country. Where there is a downturn in economic activity that the demand for energy lessened and as such, also the demand for fuel. On the other side of the equation is the supply...
9 Pages(2250 words)Essay
Economics Supply and Demand of Gasoline...Supply and Demand of GasolineGasoline is one of the main sources of energy which fuels internal combustion engines. This energy resource is vital for the global economy as it fuels the various sectors of the industry by making possible the transportation of goods and services as well as providing heat. In this regard, companies and even individuals are largely dependent gasoline to address their myriad needs.
This paper discusses the condition of supply and demand of gasoline in the world market and how the interaction between these fundamental economic principles affects the price level for this petroleum product. Moreover, this paper zooms in on...
5 Pages(1000 words)Essay
Gasoline Prices Research Paper...The Weather's Effect on the Price of Gasoline It is a basic principle of economics that if the demand increases, the price will rise. In the gasoline market this is seen during the summer months, when families plan vacations and the demand for fuel rises (Gasoline Prices). It is again seen in the winter as the demand for home heating fuel creates anther increase in price (Gasoline Prices). However, there may also be shorter term influences that the weather has on the price of gas. It is natural to believe that when the weather is clear and sunny that people may want to travel, even for a short distance for the day. This would create a temporary increase...
2 Pages(500 words)Research Paper
Gasoline Prices...for gasoline has increased by 3.3 percent while the price increased by 35 percent. From supply side, she continues, those refineries that has been destroyed by hurricanes are operating now and the capacity utilization rate rose to 91.7 percent (Matusic, 1). Despite of the increased capacity, the price for gasoline is not decreasing, as it was expected, partially because of increasing demand.
Consumers are aware of the impact higher fuel prices have on the economy. According to the survey conducted in Texas, "gas prices above $2 were causing citizens economic hardship and that they were making changes in their spending to offset the higher prices. Sixty-four percent of the survey...
6 Pages(1500 words)Essay
Supply and Demand of Gasoline...SUPPLY AND DEMAND Supply and Demand of Gasoline SCHOOL Supply and Demand of Gasoline Gasoline is one of the main sources of energy which fuels internal combustion engines. This energy resource is vital for the global economy as it fuels the various sectors of the industry by making possible the transportation of goods and services as well as providing heat. In this regard, companies and even individuals are largely dependent gasoline to address their myriad needs.
This paper discusses the condition of supply and demand of gasoline in the world market and how the interaction between these fundamental economic principles affects the...
5 Pages(1250 words)Essay
Gasoline crisis...C. The movement of oil prices in response to world events
IV – The present day scenario and learning the lessons from history
A. Economic recession and the oil crisis of 2008
B. The positive and negative impacts of the oil crisis
C. On the road to recovery from the economic and oil crisis
Table of Contents
Executive Summary
Gasoline Crisis
Outlining the Major Problems
Affect on Business worldwide because of the Crisis
Finding a Suitable Substitute to Gasoline
Conclusion
References
Executive Summary
Gasoline crisis is not a new problem; the same problem was first experienced by the US during the II World War. The price of Gasoline is...
8 Pages(2000 words)Essay
Research paper about Gasoline crises...with the oil production and oil prices which is explained in this part
7. Effect of oil price on unemployment
Oil price variegation can affect the new employment creation and also the existing employment as well which is explained in this part.
8. Effect of oil price on Inflation
High inflation rates are not favorable for economic growth and the oil prices can affect the inflation rates. This part analyses the relationship between oil prices and inflation
9. Effect of oil price on consumers
Oil price hike always increases the prices of essential commodities which is explained in this part.
10. My opinion about the crises
My personal opinions and about the current gasoline crisis and recommendations for...
7 Pages(1750 words)Research Paper
Gasoline consumption vs. SUV's popularity...Gasoline Consumption versus SUVs Popularity Introduction Sport utility vehicles (SUVs) are vehicles that closely resemble station wagons albeit having a light truck chassis. Sport utility vehicle on top of having the common features that ordinary cars have, have been equipped with 4-wheel drive function for better performance (Keith, 2002). With this added feature, the SUV has the ability to perform superbly both on and off the road. Some SUV vehicles have extra features some of which include towing capacity. Such SUVs therefore are like pick-up trucks owing to their capacity to tow while maintaining a capacity to carry passengers like a saloon or a minivan. The numerous pros associated with SUVs however are...
3 Pages(750 words)Research Paper
Everyones Gasoline Problems...the supply and demand for crude oil.
Infrastructure Issues: In the United States, the availability, consistency and prices of gasoline are intricately linked to its production and delivery infrastructure such as transmission lines, processing plants etc. and are also a driver of gasoline prices.
Weather: Many a times, colder than normal weather patterns are responsible for short-term volatility in gasoline prices since fluctuations in weather can change (rise or fall) the demand dynamics of the commodity.
Regional and Economic Conditions such as Inflation and Taxes also affect the prices of gasoline. Federal and local taxes change with changes in...
3 Pages(750 words)Assignment
Gasoline prices...speculators will always be able to buy high and sell higher, as the world supply is still known to be finite. The only way to actually reduce gasoline prices is to reduce dependency – reduce demand, because supply is something that is impossible to control. This can be done through electric cars, alternative fuels, and conservation, eventually building towards a society that does not rely on oil at all, because we know it will eventually run out.
The myth that a temporary increase in supply is good for gasoline prices simply does not hold true. Quick fixes like this will never work – in order to really address this problem, we need to fundamentally change the way we consume oil.
Works Cited
Carlson,...
1 Pages(250 words)Essay