3. Go to the website of the Energy Information Administration, www.eia.doe.gov, and follow the links to find

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3. Go to the website of the Energy Information Administration, www.eia.doe.gov, and follow the links to find the current retail price of gasoline. How does the current price of regular gasoline compare with the price a year ago? What must have happened to either supply, demand, or both to explain the observed price change? LO3.7

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