Why Are Gasoline Prices Rising?
$19.95 Buy and instantly download this paper now
This paper explores why gasoline prices continue to rise with no end in site. Various theories, based on supply and demand are provided. The paper notes that gasoline has become part of the final consumption good, entering the consumer price index (CPI) directly. Additionally, the paper considers the importance of projections for long-term demand of oil in further understanding current and potential future prices.
From the Paper:"Gasoline prices continue to rise with no end in site. This can be explained through the theory of supply and demand as asserted by this researcher. Gasoline has become part of the final consumption good, entering the consumer price index (CPI) directly. Projections for long-term demand of oil depends on the assumptions made about Asia, including the use of motor vehicles, the convergence of actual per capita income, and the shift of production of technologically advanced goods. Projections can by used to determine the relationship between oil demand..."
Cite this Analytical Essay:
Why Are Gasoline Prices Rising? (2008, December 01) Retrieved May 28, 2022, from https://www.academon.com/analytical-essay/why-are-gasoline-prices-rising-140095/
"Why Are Gasoline Prices Rising?" 01 December 2008. Web. 28 May. 2022. <https://www.academon.com/analytical-essay/why-are-gasoline-prices-rising-140095/>