Gas Prices College Essays Samples For Students

Oil pricing tag wars are a sight to see yet it translates to inconsistent price alterations. In March 2011, gas prices rose up by almost 19% after a 16% bump from February 2010-2011. Net sales of gasoline, however, went from about 38,500,000 liters to 39,700,000 from 2005-2009 (Statistics Canada, 2014). Collusion of oil marketers and cartels have resulted in volatile gas prices in most Canadian cities. These cartels work together to maximize their profits at the expense of the consumer.
A slight change in price may spark a tremendous ripple effect devastating the customers who cannot keep ...

The prices of oil globally and indeed locally have been fluctuating over the past years. In some instances, the costs would decrease while in other cases increased due to various reasons. This paper focuses on the cause for the sky-high prices in California according to Finley 2015 article.
Finley argued that Americans were, in general, enjoying cheaper gas process due to the shale oil boom across the USA. Finley noted that the national average price had dropped by 25% to $2.76 a gallon in a year. However, that was not the case in California. In the Golden State, the ...

Introduction

The situation related to Russia and Ukraine is constantly evolving, and in order to understand the current circumstances, it is essential to go back to the roots for a better understanding. The conflict between Russia and Ukraine began when the Ukrainian administration decided not to sign the European Union in 2013, which was a political and trade agreement that would bind Ukraine to European values and principles. The crises moved on very fast, leading to demonstrations and regime change. Ukraine has always had a history of political and cultural divide. The East always cooperated more toward Russia while the West was always ...

The Promotion of Mixed Income Neighborhoods in Hollywood, California

Chapter I:
Introduction
The facts are impossible to ignore: focusing on places, health and walkability requires increased public transit infrastructure, which creates new jobs, enlivens neighborhoods, creates local business opportunities and connects communities, both vulnerable and thriving, to vital amenities and resources. (Raphael &Espiau, 2010, par. 9)
Transit-oriented development (TOD) is a neighborhood development plan focusing on easy access to major transit stops. The Federal Transit Administration (FTA) defined TOD during the 1990s when undertaking a project consisting of initiatives to promote livable communities: “Transit-oriented communities are characterized by design and development patterns that are conducive to the ...

Introduction

Microeconomics deals with individual firms and units’ decision making in an economy while macroeconomics addresses the greater national aspects. In that respect, this analysis seeks to demonstrate the functioning of both microeconomics as well as macroeconomics concepts by analyzing two current issues in the US addressed in two articles or the news and touching on such concepts. This is achieved by the analysis first explaining the problem as presented in the article and its possible causes. The analysis further explains the significance of the issue and its possible cause of economic fluctuations as well as its effect including benefits ...

Theoretical probability: If a person was to flip a coin, he/she could have a 1 in 2 or a 50/50 chance of landing on heads or tails. Another good example would be I used to play role playing games when I was in High School that used a 20 sided die. That would mean I would have had a 1/20 chance of getting any one of the numbers. This is theoretical because I do not need to observe the outcome to determine the results. I can just do the math. Relative frequency probability: I eat breakfast every morning. Four out of seven mornings I like ...

Introduction

The company contemplates to raise the gas prices in the coming ten years. However, this cannot be taken for lightly because, rising gas prices is very essential for the company in helping it to meet rising direct and in direct costs as well as increase of the company’s profit margin. Rising cost is mainly attributed to the cost of crude oil which has been increasing year after year. This is a priority because crude oil is main raw material used in production of gas. However, the company should take caution when increasing the price to avoid loosing customers to ...

1. The fuel industry in California cannot run without gasoline as the main energy resource. The moment when refinery and pipeline mishaps raised the wholesale prices to their maximum, the gasoline stations could not operate their business properly. Most of the experts explain this sudden price increase with the power outage of the state’s 14 refineries which produce the state’s cleaner-burning gasoline for the local stations (White & Castellanos 2). In addition, there was also a fire at Chevron Corp.’s Richmond refinery, which led to the temporary fall of one more fuel production enterprise in the state ( ...

Decision-making process is very important in every business. There are such decision-making criteria as: risk, certainty and information. Before making any decision the manager should check it by these criteria. At first he should check whether he knows all the information about it, maybe he had missed something. Then he should take the risk of the decision and be certain of it. It is not easy to make a decision but if the person acknowledges the risks, he will succeed. Every business is associated with the risk and it is easy to check if the person is ready to ...

The knowledge in economics encompasses a wide array of topics that involve different economic activities, such as the ones that influence the government in carrying out regulations on gasoline prices as well as imposing a price floor in relation to the minimum wage. In this discussion, different economic scenarios will be presented along with the possible outcomes of each. In addition to the provided situations about the price ceiling for gasoline and price floor for minimum wages, other economic events will be presented, such as the possible gains and losses of international trade and the possible outcome once the ...

Abstract

This memo describes the understanding of how to make important decisions. First it addresses the description of three criteria in detail that determine whether the manager is making good decisions and what should be done to better assure that the manager making a good decision. Then there will be given one of the Big Four Company’s project manager example as a good decision-maker. In conclusion there will be discussed the accuracy of business assumptions of automobile manufacturer and airline company.

How To Make Important Decision

There are managers with different levels and functions in every organization. However not every manager is a good ...

Research Report: Company Case Study and Industry Analysis

Research Report: Company Case Study and Industry Analysis

Part 1- Applied Supply and Demand Analysis

1.1 Company Overview
The current decrease in the overall gasoline prices has struck many great organizations, but the impact on Truck/SUV, and car sales is drastic. Many automotive manufacturers and producers have launched new manufacturing units for the alternate fuel vehicles and the decrease in prices has caused shifts in the overall demand for these hybrid and alternative fuel cars. The company chosen for the analysis is General Motors that are an American multinational corporation with headquarters in Detroit, Michigan. The company has thirteen brands including Alpheon, Buick, GMC, Chevrolet, Cadillac, ...

Demand and Supply

Introduction
The paper aims to answer four questions quoted here pertaining to demand and supply of oil and how it is driving the oil prices.

Question 1: How do changes in supply and demand affect oil prices?

Answer: Changes in supply and demand of oil significantly affect oil prices around the world, which is discussed in this section.

Effect of Demand on Oil Prices:

Oil demand is directly correlated with its price, other things remaining constant. The recent trend is such that increase in world over oil demand is putting upward pressure on its price. Globalisation, trade liberalisation and economic growth have resulted in higher oil demand. To a great extent, this growth is being support by ...