This article that I found on Yahoo Finance was very interesting. One reason I found it to be interesting was because as the price per gallon of gas has gone up, demand has not gone down. Doesn’t this go against the rules of supply and demand that we have learned? Over the past month gas prices have gone up more than 10% and motorists are still buying it. The Energy Department released some figures that the demand for gasoline has raised about 2% from over a year ago. Why do you think demand keeps going up?
Another interesting point was that diesel fuel has gone up roughly 36% from a year ago, but the trucking industry is still thriving. Why? Some say it is because of fuel surcharges and a strong demand from the retail and manufacturing sectors. This is very good for the trucking industry as long as they can keep covering their fuel costs.
One last bit of information that I thought was interesting was the fact that gas prices would have to climb another $1 per gallon to reach all time highs. For our sake, let’s hope this doesn’t happen!