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How much is gasoline expected this year?
Reports have said that gasoline is supposed to reach $4 per gallon over the summer. Maybe even $5, but even that is a low possibility.
What was the price of gasoline in 1880?
The price of gasoline in the year of 1880 was about $.95 per barrel. In comparison, in 2007, the price was over $72 per barrel.
What is spillage?
Spillage is when liquid spills over form where it is supposed to be. This can be found in cars and vehicles when coolant spills over from the reservoir, or when a gas tank is over-filled causing gasoline to spill out.
Is an example of a good for which the demand is likely to become more elastic over the time if the price change dramatically?
gasoline
What is an example of a good for which the demand is likely to become more elastic over time if the price changes dramatically?
gasoline
Why didn't President Bush and The Congress do anything about the price of gasoline when it was over 4 a gallon before 2008?
Bush Had no control over the world Oil Supplies. Gasoline was high because of a Hurricane that hit are Oil lines.
Cost of gasoline in 1999?
In Laurel, Maryland, gasoline fell to about 80 cents in that year. This varied from state to state according to the local gasoline tax. At that time, the national gas tax was 19 cents per gallon, but in Maryland the state tax was 30 cents, meaning over half of the price of gasoline was from taxes.
Why is gas so cheap now?
Gasoline prices vary with the price of oil, from which it is refined. The cost of refining and transporting are added, as well as taxes. The increase in the cost of gasoline in the US over the period 2005-2008 was driven mainly by the rising price of oil. In many parts fo the world, including Europe, prices were already relatively higher due to import, refining, and marketing costs. In the summer of 2008, extraordinary financial problems in the US triggered a global economic downturn, dropping demand for oil and hence lowering the price at which it could be sold. The cost of a barrel of oil (55 gallons) was $19 at its low in 2002, and gasoline in the US was about $1.00 a gallon. By June 2008, it had risen to nearly $140 a barrel, pushing gasoline prices over $4 a gallon in many areas of the US. By the end of December, 2008, oil had crashed to under $40, and gasoline prices fell by over 60% to under $1.50 a gallon. (Some of the "run up" was caused by inflation over 6 years.)
When you are a teacher are you supposed to get a part-time job over the summer?
If you are a teacher, it might be necessary for you to get a part-time job because when you are off for all summer, you need to find a way to receive income.
Can you buy Rhodium?
Yes, but I don't think you want to. Its spot price was $10,600 per ounce over the summer; its current spot price is under $800.
What was the gas price when Barack Obama took office?
It should be noted that the price of gas has been fluctuating for the past decade. While it is understandable to want to blame the president, it is not always his fault alone. For example, under President Bush, it was reported that "...the price of gasoline increased from $1.60 per gallon when he took office in January 2001 to $4.40 per gallon in July 2008, a jump of 275 percent." Throughout the summer of 2008, according to CBS News, the price of gasoline remained high, averaging over $4.00 a gallon; many people believed it was President Bush's fault. But then, in September, the price of gasoline began to drop, and by November 2008, when the election was held and President Obama was elected, a gallon of gas was at about $2.20. However, prices soon began to edge back up again.
What can you do when a contract on orange that is supposed to be charging 20 pound but your paying over 32 pound?
If you have a contract for one price, but receive an invoice for another price, you should refuse to pay the higher price, and insist that the seller stick with the agreed upon price.
