Question
Gasoline prices have been and will continue to be a major issue for the economy. From the start of the Covid-19 pandemic up to the
Gasoline prices have been and will continue to be a major issue for the economy. From the start of the Covid-19 pandemic up to the present day, gasoline prices have been in the news.
1) What has happened to the price of gasoline over the past 12 months? Be specific and include actual prices and explain?.
2) Discuss the recent changes in price from a supply and demand standpoint. Have the price changes been due to a change in supply, a change in demand, or both? Explain your answer.
3) How has Covid-19 affected the market for gasoline? explain why and how the "main influences" you chose had an impact on the gasoline market.
4) Which of the main influences of supply and demand do you think were responsible for the price changes and explain?
5)What do you think has been the reason(s) for the very large increase in gasoline prices over the past few months?
Ten states have enacted legislation granting free college tuition, and several more are considering such legislation. (See the map screenshot attached.)
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