Protest by not buy gas on May 15,2007.
Gasoline is a necessary commodity, and the people who refine oil into gasoline and sell it set the price however high they want to. Because demand for fuel is so high, they can set a high price for both petrol and diesel because they know that people will pay for the necessary gasoline for their vehicles.
the government controls the price of gasoline
Price elasticity that is positive is uncommon. The buyers of gasoline would be generally wealthy individuals who believe that the more expensive the gasoline, the better it must be. Thus, as the price of gasoline goes up, the quantity of gasoline demanded by wealthy people goes up as well. A more suitable product with a positive price elasticity of demand (PED) would be for instance caviar.
Don't buy anyReallyAs we use less gas the price will fall, so if most vehicles become electric or hydrogen powered the price of Gasoline will fall.
The Price of the gasoline with increase : D
What is the price of Gasoline in Warrenton Mo.
The demand for gasoline will decrease. The price of gasoline will decrease. The supply of gasoline will increase. The price of gasoline will increase.
Years ago the price of gasoline was very less expensive. For example in the year 1993 the price of gasoline was approximately $1.11 per gallon.
The average price of gasoline in 1983 was 37p in the UK http://www.speedlimit.org.uk/petrolprices.html and the average price of gasoline in 1983 in the USA was $0.81 a gallon.
In 1985, the US national average for a gallon of regular unleaded gasoline was $1.20 - the equivalent of about $2.43 per gallon in 2010.
The average price of a gallon of regular unleaded gasoline in 1980 was $1.25
$.21