Реферат: Supply And Demand In The Gasoline Market

we pay for gas, both here in America and around the world. If they decide that

they want to raise the price of petroleum to $30 per barrel, then the price per

gallon at the gas station will go up accordingly. Likewise, if OPEC decides to

lower the price per barrel of gasoline, then OPEC?s decision would have a

direct effect on the market price of the gas at the gas station.

The supply-demand issues in the domestic gasoline market affect all different

parts of the economy. For example, when the price for gas was extremely low

about a year or so ago, people started to purchase more cars and many of the

vehicles purchased were Sport Utility Vehicles (SUV?s). These vehicles have

larger engines and tend to consume much more gasoline than the smaller, more

fuel-efficient cars. (I know this to be true, because during that time I

purchased a Jeep Wrangler, which holds and uses more gas than the smaller car

that I used to own.) Now the price per gallon is at least 60 cents higher then

it was a year ago, which, if you do the numbers as to how much gas people use,

makes it an incredible increase. Since the use of gasoline is an absolute

necessity if you own a car, then you have no choice but to pay the higher price,

since at this point in time alternative fueled vehicles aren?t that cost

efficient.

In this paper I have tried to explain how the supply and demand of gasoline

and its use in automobiles can affect the economy. In conclusion, until such

time that gasoline is no longer needed to run automobiles there will be a

constant demand for the product, and there will always be organizations such as

OPEC around to supply it.

Brue, Stanley L. and McConnell, Campbell R. . Economics: Principles,

Problems, and Policies. Fourteenth Edition. McGraw-Hill Irwin

Gasoline," Microsoft? Encarta? Online Encyclopedia 2000

http://encarta.msn.com/ ? 1997-2000 Microsoft Corporation. All rights

reserved.

The Organization of Petroleum Producing Countries Web Site. http://www.opec.org/193.81.181.14/xxx1/welcome.htm.