Since we rely on it everyday, it is not surprise that interest in gasoline is so high and the public debate is so lively. It is a vital product and consumers are understandably sensitive to gasoline prices. With price signs in many parts of the world on every main street, every small change is instantly visible. During the third week of April, consumers started noticing a change in the price of gasoline, it was beginning to drop. An articl in the New York Times states that according to the United States Energy Information Administration the price for gasoline declined 4.3 cents, but is still 42 cents higher than it was a year ago. In the city of Cleveland, Ohio consumers saw a price of $2.07 a gallon. According to the Energy Department this decline will not last long. They predict that consumers will see a rise in the up coming month of May to $2.35 a gallon. Senator Charles Schumer of New York suggested that oil from the country's backup petroleum stockpile be put into the market to in hoped that it will help the decline of gasoline prices. Pump prices are highest on the West Coast averaging about $2.53 a gallon, and the lowest in the Midwest States averaging about $2.15 a gallon. To read this article go to http://www.nytimes.com/reuters/news/news-energy-gasoline-price.html
Class Documents
- Section E Syllabus (2:30am)
- Section F Syllabus (7:25pm)
- Blogger Posting Page
- How Do I Post?
- Blogger Help
- Example Post
- WebCT
- WebCT Help
- Homework #1
- Homework #2
- Homework #3
- External Costs
- External Benefits
Background
International Trade
- World Trade Organization
- United Nations
- Office of the US Trade Representative
- Foreign Trade Information System (OAS)
- International Monetary Fund
- World Bank
- Free Trade Area of the Americas

1 Comments:
At 1:57 PM, hgroce15 said…
It is nice that the gas prices have been dropping. I dont think putting our reserves on the market is the best idea if the government expects gas prices to rise. Im sure that we have plenty of reserves, but they are after all reserves. I dont think the government should be putting our reserves on the market. If there were some calamity or something and we needed oil fast, then we would greatly miss the oil that was removed from our reserves and placed on the market.
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