A look at Todays High Gas Prices

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A look at Todays High Gas Prices

• Alex Chern
• Comp 25
• 4/5/04

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the publics outcry
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charts of gas consumption and prices
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Graphical demand of gasoline
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Reasons for high prices

• OPEC reductions
• Political instability in oil-rich countries (eg.
  Venezuela and Kuwait)
• Shortages in production capital
• High consumption of automobiles especially
  SUVs
• Competition among retailers

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References

• Bureau of Economic Activity
• Bureau of Labour Statistics
• www.economy.com