I wanted some additional information on what I have already ... is there more reasoning to why the prices are rising? Could the hurricane Katrina have resulted in this?
How can the economic reasoning be explained more. .. I have the added information that was provided but I need additional economic reasoning.
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The above mentioned links is one of the most comprehensive source for this answer:
First, in general, the price of a commodity, such as gasoline, reflects producers' costs and consumers' willingness to pay. Gasoline prices rise if it costs more to produce and supply gasoline, or if people wish to buy more gasoline at the current price - that is, when demand is greater than supply. Gasoline prices fall if it costs less to ...
Economic Reasons for Gasoline Price Fluctuation
Fluctuating and increasing gasoline prices
Fluctuating and increasing gasoline prices. What is your analysis on this topic and relate it to the United States economy. What are the three or four segments of our economy that are affected by fluctuating prices for gasoline. A "segment" of the economy is a particular industry or business that is national in their operation. Local or regional industries or business are not considered "segments" for the purposes of this problem!
Discuss supply and demand, major reason(s) for the price increases and fluctuations, and international factors, if applicable. You should use at least four references. Be sure to cite your references. The causes should be what is addressed. Not the effects.View Full Posting Details