Spring Session A 2010
Everyones Gasoline Problem
The factors that influence the price of natural go down on is in general contributed to the price of crude oil, refining costs and profits, marketing costs, distribution, marketing, and taxes (U.S aptitude Information Administration, 2009). Other factors that contribute to the price in liquidoline are the supply and demand of crude oil along with market speculation, and local laws (taxes) also contribute to the fluctuation in gasoline prices (Gillman, 2008).
The simplest factor to understand why gas prices waver is out-of-pocket to supply and demand of crude oil. During the summer months people tend to political campaign more, on that pointby change magnitude the demand for gasoline. When this happens the price of gas will increase due to the seasonal demand increase. Conversely, when the weather is colder people tend to drive less, which reduces the demand for gas and forcing the price of gas lower.
In rally Ohio we see a cyclical trend in gas prices. Over the farthest 72 months there has need a noticeable heave and fall in gas prices between the months of April thru August (GasBuddy). Although gas prices earn risen steadily our the last 6 years we can see a perpetual spike in gas prices during warm weather months in North America.
Conversely, a consistent drop in gas prices can be seen in the Month of January of almost every(prenominal) year over the last 6 years (GasBuddy, 2010). Obviously, there are other factors that contribute to the price of gasoline on a daily basis, but it can also bee give tongue to that seasonal trends in consumer demand are reflected in the rise and fall of gas prices in the central Ohio area.
What I go on extremely interesting is how gasoline prices have become just about resistant to consumer demand over the past two years. We would seem that during a recession that the quantity of gasoline demanded would decrease, thereby increase the supply on hand and finally reducing the price. What we have seen over the past two...If you want to get a dependable essay, order it on our website: Orderessay
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