This is the price of crude oil. The amounts will vary depending on the supply and demand that is placed on the oil.
There is no way supply and demand affect disasters, they are natural things in nature while supply and demand are economic processes. Disasters can easily decrease the supply of something, which increases the price on that good.
gas prices
Gas prices are set by a supply and demand system. If something happens that effects that system then the price can go up or down. Gas prices will go up in the United States when a Hurricane hits the gulf of Mexico coast and the Oil processing plants and Oil rigs have to close down. The demand for the oil/gas goes up and the supply goes down so the prices go up. In a situation like the Swine flu gas prices are going down because the demand is going down while the supply is going up. As the demand for gas/oil goes up the prices will follow.
People attempt to hoard goods, reducing supply and increasing demand. The price therefore increases.
This is the price of crude oil. The amounts will vary depending on the supply and demand that is placed on the oil.
There is no way supply and demand affect disasters, they are natural things in nature while supply and demand are economic processes. Disasters can easily decrease the supply of something, which increases the price on that good.
It's a supply and demand issue. Demand for gasoline is much greater than that for Diesel. Therefore, the supply of Diesel is less which drives up the price.
Supply and demand.
gas prices
The concept of supply and demand governs all commerce.When farmers shipped whiskey from eastern Pennsylvania over the mountains to eastern Pennsylvania, they were involved in the process of supply and demand.Supply and demand determines how many T-shirts a store keeps in stock.Big game hunting and poaching is driven by supply and demand, along with hunters' egos.
Gas prices are set by a supply and demand system. If something happens that effects that system then the price can go up or down. Gas prices will go up in the United States when a Hurricane hits the gulf of Mexico coast and the Oil processing plants and Oil rigs have to close down. The demand for the oil/gas goes up and the supply goes down so the prices go up. In a situation like the Swine flu gas prices are going down because the demand is going down while the supply is going up. As the demand for gas/oil goes up the prices will follow.
IT depends on supply and demand
Supply and demand, plus speculation about the future supply and demand of oil.
The government does not set the price of gasoline. The gas prices are set by the oil companies based on how much they think they can get according to supply-demand economics.
The increased supply caused some dips in the price of natural gas, but these fluctuations were generally offset by increased demand for energy.
People attempt to hoard goods, reducing supply and increasing demand. The price therefore increases.