The average price for regular gasoline at U.S. pumps fell almost 4 in March to $2.50 a

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The average price for regular gasoline at U.S. pumps fell almost 4¢ in March to $2.50 a gallon. The price of crude oil dropped to $43.46 per barrel on March 17, the lowest since March 2009.

Explain the effect of a lower crude oil price on the supply of gasoline.

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Foundations Of Economics

ISBN: 9780134486819

8th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Dec 08, 2023 08:02 AM

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The average price for regular gasoline at U.S. pumps fell almost 4 in March to $2.50 a

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Crude oil is refined to produc...View the full answer

Foundations Of Economics

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