User Account

All Pages

Why do fuel prices fluctuate

Assignment Help Business Economics
Reference no: EM131589270

A major topic of discussion today is the price of fuel. Over the past several years the price paid for a gallon of gasoline, diesel fuel, or jet fuel has been fluctuating. Indeed, all products that are derived from crude oil have been affected. In your initial post please discuss the following:

  • Why do fuel prices fluctuate?
  • Many products use some derivative of crude oil in their production. Research five of these non-fuel or lubrication products. Do not list fuels or lubricants. List these products and state whether the price of these goods has followed the price per barrel of crude oil. If so, explain how? (Please be sure that you do NOT repeat any products listed by your classmates.)
  • Will the United States be able to stop using crude oil?
  • Do environmental factors such as drought have an effect upon gasoline prices? If yes, how?

Be prepared to be challenged on your responses. Also, you must state reasons which are related only to economics and do not present an agenda.

Reference no: EM131589270

Questions Cloud

Long-term debt to long-term debt plus equity : Calculate the firm's ratio of long-term debt to long-term debt plus equity.
Consumers preferences are rational and well-behaved : Assuming that a consumers preferences are rational and well-behaved, explain why indierence curves can't cross.
Discuss the attachment theory : Discuss the attachment theory and how failure to develop proper attachment is associated with crime
What demographic information is needed : What must you do to effectively negotiate a contract that will earn the group a profit? What demographic information is needed?
Why do fuel prices fluctuate : Why do fuel prices fluctuate? Many products use some derivative of crude oil in their production.
Discuss the collecting evidence : As the Digital Forensic Manager at Triton Corporation, you receive a request from the Internal Affairs Director that an employee was found.
Discuss formation of criminal laws by the individual states : How would you describe the role of the U.S. Constitution with regards to the formation of criminal laws by the individual states and by the federal government
Discuss the relevance of the article to international trade : Discuss the relevance of the article to international trade. How does the flow of this item, product, specifically affect international business? Explain.
Define illegally bringing an alien into the united states : What must a defendant do to constitute illegally bringing an alien into the United States, Is it enough to give the illegal alien fraudulent documents

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd