Buy an essay on Gasoline

The gasoline price is vulnerable to changes under the impact of numerous factors, among which the supply and demand relationship is crucial along with attempts of speculations leading to galloping oil prices. In this respect, it is possible to refer to the gasoline price fluctuation in Atlanta, Georgia. In fact, in recent years, the gasoline price’s fluctuation has been very significant. For instance, within the last two years the gasoline price has reached the unparalleled, high level to the extent that many people living in Atlanta thought of abandoning their habit to use their cars, while many have started to use the public transport instead of their cars to save money on gasoline.
At the same time, the rise of the gasoline price led to the consistent drop in the demand on gasoline because the price was unaffordable for many consumers. As a result, they could not afford buying gasoline and they preferred to use the public transport to save money (Howard, 2009).

buy an essay

The drop of demand led to the oversupply of gasoline on the local market and local distributors had to decrease the price to return consumers. Remarkably, the drop of the gasoline price led to the rise of demand on the gasoline for many people living in Atlanta has started to use their cars again as soon as the gasoline price became affordable for them.
Thus, the fluctuation of the gasoline price in Atlanta reveals the close dependence of the price on the supply and demand relationship. As the matter of fact, the rise or drop in demand leads to the rise or drop of the price respectively (Stone, 2007), whereas the supply can outpace the demand that leads to the oversupply that forces companies to decrease the price.

 
References
Howard, L. (2009). Recent Economic Trends, New York: Routledge.
Stone, G.W. (2007). Core Economics. New York Random House.