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November 16, 2021

Why Do Gas Prices Fluctuate?

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Why Do Gas Prices Fluctuate?

Gas was selling for $3.95/Gallon on Labor Day Weekend of 2012. At election time (November 2012), the price was $3.15/Gallon. Now, it is selling at $1.75/Gallon.

What causes increases and decreases in the price of gasoline? Use Supply and Demand curves to illustrate your arguments.

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