Predict a change in prices for a good of your choice.

GAS PRICES

1. Describe the product and its current price.
2. Predict whether a shift in demand or supply will be more important in driving the price from now to one year from now, and include logically consistent reasons why.
3. Provide a clear prediction for the direction of change for the more important shift, and include logically consistent reasons why.
4. Provide a clear prediction for the price one year from now that is consistent with the reasoning.