Why do gas prices fluctuategas was selling for 395gallon on, Ask an Expert

Economics

Why Do Gas Prices Fluctuate?

Gas was selling for $3.95/Gallon on Labor Day Weekend of 2012. At election time, the price was $3.15/Gallon. Now, it is $3.55/Gallon.

What causes increases and decreases in the price of gasoline? Use Demand and Supply curves to illustrate your arguments.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91224390

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