This paper will show the relationship between the supply, demand, and price changes as effected by recent events. Hurricane Katrina and the War in Iraq have left our gasoline infrastructure at such a point that it was almost crippled last week by Hurricane Katrina and the American economy is still feeling the effects of it. This paper will explain some of the reasons and effects behind this.
Gasoline - The Supply, Demand, and Cost.
"Supply and demand are the major driving force behind capitalism and the economy" (Hagenbough, 2005). …
