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Economics is the study of how human beings coordinate their wants and desires, devolven the decision-making mechanisms, social customs, and political realities of the society (Colander, 2004, p. 3-4). There ar two problems that start a bun in the oven any economy on a given kernel this is how much should be produce and who it should be produced for. This paper give summarize an article from Chevron, and the add together and demand on bodge up and why prices outgrowth. Throughout the years, the cost of gasoline has fluctuated greatly. Consumers concord watched in idolatry as prices have plummeted plenty to less(prenominal) than a buck a gallon and up to much than three dollars a gallon. In the wake of Hurri t crude oiletes Katrina and Rita, the U.S has seen gas prices skyrocket. The superlative single gene that may contribute to the rise and impinge on of gas prices are fluctuating demands and competition within the screen door industry. Several factors will g overn what causes the rise of gas prices. These can include natural disasters, or other factors. As say by Chevron: Crude fossil oil prices have risen dramatically over the last year, determined by strong global demand, limited spare oil fruit capacity, continuing political instability in veritable oil producing regions, and most recently reduced supply from the violation of hurricanes in the Gulf of Mexico (2005, p. 1). During the hurricane, supply stations had to be unopen down or were severely damaged by the storms. This caused a supply and demand problem within the United States. Individuals and families were evacuating the range and were in need of gas to get out of the touch on areas. Due to the shut downs individuals across the country were panicking that there would not be enough gas and were heading to the pumps in droves. This caused an adjoin in demand when there... If you want to get a cover essay, order it on our websit e: Or! derCustomPaper.com

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