Gas_Prices_Fall

Gas Prices Fall Gasoline pump prices again fall Average price per gallon down 10.81 cents at $1.43 Associated Press, MSNBC, no date pf publication In the Midwest, especially, gasoline prices have increased in previous months. However, within the past two weeks gas prices have fallen “a record 10.81 cents.” According the Lundberg Survey, the reasons for the fall of the gas prices is due to the lack of demand, which is a result of the resent terrorist attack, scaring travelers from venturing far from home. The consumer’s fear of traveling has caused the decrease because without a desire to travel, there is no necessity for gas or crude oil. The cause of this recent decrease can be explained using a supply and demand curve. The graph illustrates the decrease in demand, dropping the prices, causing the demand curve to shift to the left (Figure 1). I believe that the results of the recent drops will cause the demand, as well as the price, for gasoline to increase. demand, prices, gasoline, travel, increase, gas, because, supply, price, lack, figure, decrease, traveling, transportation, result, recent, necessity, however, graph, fear, due, desire, date, curve, cheaper, cents, causing, caused, cause, believe, 1081, words, without, within, weeks, venturing, using, two, true, travelers, terrorist, survey, shift, secure, scaring, results, resent, regular, record