Gasoline Supply, Demand and Price Changes

Abstract This paper will show the association between the supply, demand, and price changes as a result of recent and past events. Hurricane Katrina and the War in Iraq have left our gasoline infrastructure at such a point that it was almost crippled. Political threats, though not direct to the supply can send ripples though gas prices. The need for change in American gasoline consumption will also be discussed as shown during the 4th of …

…threat or another natural disaster that affects the supply of these assets, and there is an excessive demand such as the one caused by Hurricane Katrina, then the prices of gasoline will rise. Reference: Gulf Times Newspaper (2006, July 9). Crude prices may jump on demand adn supply threats. Retrieved July 9, 2006, from http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=96437&version=1&template_id48&parent_id=28