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Fluctuations of gasoline price based on demand supply factors

Gasoline prices going up (again). In "economic" terms,

Illustrate what shift factor is causing gasoline prices to fluctuate? (You may need to review the Macro Lecture Hall for shift factors.) This is where research may help. In other words, are gas prices going up due to supply (OPEC, refineries, laws, taxes, manufacturing costs?) or demand (SUVs, summer tourist season, the war, heating oil?)?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M916698

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