ECO 365 Pump Prices and Oil Prices

Article analysis:

Pump Prices and Oil Prices: A Tale of Two Different Directions

University of Phoenix

ECO/365 Ver.4 Principles of Microeconomics

Abstract:

The following article is regarding what is most important to everyone around us regarding the pricing for gasoline at the pumps. This is a topic that concerns most people on this planet, why are the prices for gasoline so high and is it regarding the greed of oil producing companies to continue to keep rising the gasoline prices as high as possible. We will discuss the many reasons why these fluctuating pricing keeps occurring within our world market. We will use the retail gasoline pricing between the years of 2000 to 2007 to research this report.

Introduction:

Gasoline pricing is a...