How Gas Prices Works

Gasoline can be considered as America’s bloodline to keep it moving. Americans are using too overmuch fuck up. The United States consumes about 20 million barrels of anele products per day, and half of that is used for vehicles. With that said, the gas legal injurys would be rising and travel each month. Usually, the prices start during summer, which is when flock go on vacation. So blue demand takes a huge separate of how the gas is priced. Though there are many other cogitate’s why the gas prices rise like vivid disasters, or oil spills, which makes the prices of everlasting(a) oil higher; high demand is usually the reason why the prices are so high. Americans have an insatiable thirst for gasoline. They have become rattling dependent on gas. Just by looking at all the traffic on roads and highways, you can specialize that a gas shortage can be a huge problem for Americans. Basically it’s like without oil, the self-colored U.S economy will be at a cranch halt. So it would not be so surprising if people paid $3.30 or even $4 for a gal of gas. Tracking the gas prices could feel like a rollercoaster ride. The prices would rise and drop each month, or maybe even week.



For modeling: the average price for gas in 2002 through 2008 went from $1.44 to $3.32 thus in 2009 it went back down to $2.40. In May 2008 the price has reached $4 and some change. The news media would sometimes get you to desire that the gas prices are based on the price of the crude oil, but it’s not. Actually, there are many factors that mold the price you pay at you pump. Every one that takes part of that has their slice of the pie. 13 cents of each dollar you spend goes to taxes; 8 cents goes to Distribution and Marketing; 14 cents to Refining; and 65 cents to ill-bred oil. HOW GAS PRICES WORK By Ketsana Thepphasone If you want to get a full essay, order it on our website: Orderessay

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