Principles of supply-demand-predict trajectory of gas prices


Assignment:

Gas prices seem to be impossible to predict or explain. Despite a dramatic drop in gas prices in the fall of 2014, there was a sharp rise in the spring of 2015. Write a answer explaining what economic and market forces are at work in determining gas prices.

Use the principles of supply and demand, predict the trajectory of gas prices, and compare it with current patterns.

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Microeconomics: Principles of supply-demand-predict trajectory of gas prices
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