Gasoline serves as a prime example of a commodity subject of supply and demand dynamics. It is retailed by various companies such as Shell, Exxon, and BP through local gas stations, offering consumers the essential energy source required to power vehicles and machinery. As individuals purchase gasoline from these stations to fuel their cars, boats, and other equipment, they directly engage with the principles of supply and demand (Lumen Learning). The concept of supply and demand becomes evident in the gasoline market when prices fluctuate. When gasoline prices are low, consumers tend to increase their purchases due to affordability (Lumen Learning). Conversely, when prices rise, consumers may reduce their consumption, either by cutting back on driving or seeking alternative modes of transportation, like biking. This demonstrates how fluctuations in price influence consumer behavior, a fundamental tenet of supply and demand. Beyond the immediate factors influencing gasoline prices, broader economic conditions also play a significant role. Economic indicators such as unemployment rates, interest rates, and inflation exert considerable influence on consumer spending habits, thereby impacting the demand for gasoline. For instance, during periods of low unemployment, consumers are more likely to have disposable income, leading to increased spending on products and