Determine the price of gasoline in the united states

Reference no: EM131824295

Question: Between 2000 and 2008, the price of oil increased from $30 per barrel to $140 per barrel, and the price of gasoline in the United States rose from about $1.50 per gallon to more than $4.00 per gallon. Unlike in the 1970s when oil prices spiked, there were no long lines outside gas stations. Why?

Reference no: EM131824295

Questions Cloud

What would be the effect on the dupont : What would be the effect on the DuPont Identity of an increase in sales

Describing the wage controls for medical doctors : The Canadian government has wage controls for medical doctors. To keep things simple, let's assume that they set one wage for all doctors: $100,000 per year.

Incomes on the east coast and the west coast : Are the variances for incomes on the East Coast and the West Coast the same? Suppose that the table below shows the results of a study.

What inflation premium is built into 5-year bond yields : where t = number of years to maturity. What inflation premium (IP) is built into 5-year bond yields?

Determine the price of gasoline in the united states : Between 2000 and 2008, the price of oil increased from $30 per barrel to $140 per barrel, and the price of gasoline in the United States rose.

Suppose that the probability of a drought : Out of those years in which a drought occurs, the probability of water rationing is 10%. However, in any year, the probability of water rationing is 5%.

What is net present value of the investment in the machine : What is the net present value of the investment in the machine - the company's required rate of return as the discount rate

Suppose that one individual is randomly chosen : Suppose that one individual is randomly chosen. Find the probability that the person's favorite pie is apple or the person is male.

Discuss the resources of the price controls : Price controls distribute resources in many unintended ways. In the following cases, who will probably spend more time waiting in line to get scarce.

User Account

All Pages