Gasoline Supply, Demand and Price Changes

Abstract
This paper will show the association between the supply, demand, and price changes as a result of recent and past events. Hurricane Katrina and the War in Iraq have left our gasoline infrastructure at such a point that it was almost crippled. Political threats, though not direct to the supply can send ripples though gas prices. The need for change in American gasoline consumption will also be discussed as shown during the 4th of July Holiday of 2006.
Gasoline Supply, Demand and Price Changes
Supply and demand allows consumers and producers to change the market condition quickly.…