Consider the following results of a simple regression model of dollar price of unleaded gas (dependent variable) and dollar price of crude oil (independent variable):

	Coefficient	t-statistics
Intercept	0.56	28.27
Crude Oil	0.0457	73.34

R-square = 0.87 What is the interpretation of coefficient for crude oil?

		Every $1 increase in crude price will cause unleaded gas price to increase by 4.57 cents.
		Every 1% increase in crude price will cause unleaded gas price to increase by 4.57 cents.
		Every 1% increase in crude price will cause unleaded gas price to increase by 4.57%.
		Every $1 increase in crude price will cause unleaded gas price to increase by 4.57 %.