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Essay / Research Paper Abstract
This 3 page paper speculates as to why the gas prices have increased between 2004 and 2005. Several ideas are looked at including supply and demand, oil company profiteering, and the fact that larger cars on on the road which does increase demand. Bibliography lists 4 sources.
Page Count:
3 pages (~225 words per page)
File: RT13_SA545gas.rtf
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Unformatted sample text from the term paper:
less than it had been in the summer, but that is because they do not remember the ordinary price of gas. Memories are short and two dollar a gallon gas
would seem excessive a couple of years ago. Today, it is a fact of life. Many people do complain about the high cost of gasoline today, but others look at
it differently. The U.S. has paid relatively little for gas over the years. At least, in Europe and other nations, gas is two or three times what it is in
America. Also, many analysts explain that it is still "not near the prices paid in past decades when adjusted for inflation" (Hagenbaugh, 2004). In other words, gas is really not
that expensive when compared to other consumables. People complain because they were used to cheap gas for too long. Still, those with huge SUVs for example are trading them
in for smaller cars which get better mileage. The rising cost of gasoline has affected the entire nation. Why has gas become so expensive since 2004? First, it is helpful
to look back over the past few months. In March of 2005, people were complaining about paying just under two dollars per gallon (Scherer, 2005). Yet, in looking back, the
price had exceeded two dollars per gallon in May of 2004 (Hagenbaugh, 2004). People have short memories. Again, it is only in recent times that people would be grateful
for two dollar per gallon pricing. The wholesale price of gas rises and that affects the retail pricing (Scherer, 2005). That is obvious. What is not so obvious is
what is really driving the wholesale price. Many claim that it is attributable to the war in the Middle East, but others argue that the oil companies are simply profiting
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