$4 gas: Get used to it
Read the article above and apply what you have learned in the last couple of days about Supply and Demand. Look at your notes and reference at least two different concepts to the article. What are your thoughts on the article?
50 comments:
I've learned the past couple of days that buyers determine demand and sellers determine the supply. The suppliers will lower the price to increase sales, there by moving toward equilibrium. Equilibrium is a situation where the quantity of a supply equals the quantity demanded by the buyers. The article was a good example of this.
i dont think that you could do very much about gas prices. Everything will go up one day. We demand gas and no one is willing to go without it so our money hungry supplier will make the price high because they CAN!
The two concepts are Quantity demand and law of demand my thought on this article well there some stuff I cant say cause we got keep it PG but I feel like this is just another way for one person to get ahead on the other person so they can win the election because he not perfect and cannot fix everything right away especially whats already been done before he was in there. thats how I feel about the article
I have learned that supply and demand are really two totally different and separate things that result in combining in the result. Supply is determined by people making a product. Demand is determined by people who will buy that product. Based on the article gas is a supply and demand product!
I feel like everyone is always going to need gas but the demand is going to go down if gas prices go up to 5 dollars. There's always going to be the need even though the supply is obviously going down.
The concepts of this article are quantity demand and the law od demand. My thoughts on this article are that its depressing. I feel that its going to take a loooong long to get fixed and it wont be in my lifetime.
In the past couple of days i have learned that supply and demand is that demand is the quanitity and amount that buyers will and able to purchase. Not a lot of people are willing to pay $4 per gallon of gas. but they have no choice. and supply is what the sellers are willing to sell and affordable to them. they are two totally different things.
In the past week,I have learned that Supply and Demand are 2 different things that we have to deal with.We Demand Gas because we need it,if we didnt have it we wouldn't be able to drive.Supply is what we get,it is "Suppllied to us.Either way,gas will go up eventully Gas prices will not stay low or cheap forever,we can not control it !
I have learned that supply and demand are two different things but you can't have one without the other. I think that in some instances big business takes advantage of consumers and this article makes me concerned about my future.
We've learned in class that supply and demand are two different things. Supply is what is being made and demand is how much of the product consumers are buying. In this article the supply is gas and demand is still high even though prices are rising. This article makes me think about how high the gas prices will get.
I learn that you need supply and demand. if there is more demand they will make more of whatever they need. in the article they need more gas but we don't have enough so the prices are going up.
Supply is how much of something you have, and Demand is how much of that "something" people want. In this article it says that there is a shortage in gas(low demand), and like always gas is and will continue to be high demand. Which is clearly making the price of gas go up and hit as high as $4.00 per Gallon. If it's already this bad just imagine 10 years from now....
the price of gas is pretty much out of our hands. the only reason the prices are so high is becouse their are a select few petro. suppliers and they know that, so they know that they can make the gas as expensive as they need to for them to make as much money as possible.
I have learned the process of supply and demand. Supply is determined by people that are making the products. Demand is by the people who want to buy the product. This article is a great example of this concept.
In class, we decyphered the difference between supply and demand. Supply being how much of something you have, and demend being how much of that something is wanted by the people. We also learned that the people control the demand and the sellers control the supply. The article told us that the supply of gasoline is low while the demand is high which is why the prices continue to go up. This article was concerning seeing as the prices could go up to $5 a gallon. The government really needs to work on the supply demand ratio of gasoline to help out America.
Two concepts from our notes would be supply and demand. The less supply of a good or service, the higher the demand (cost) of the particular good and or service. I think the price of gas has gotten to be so ridiculous that we all should switch to cars that run on electricity.
I've learned that supply and demand are two different things. Supply is how much the people who are making the product make. Demand is what show the suppliers how much to make and produce. In this article gas is a supply and a demand product, equally.
I have learned that, the "buyers" which in this case would mean that the people buying the gas; determine the DEMAND.
And the "sellers" the people who are in charge of all the gas prices and so forth; determine the SUPPLY.
I think it is ridiculous that they still continue to RAISE the gas prices though!
I have learned that supply and demand depends on the people by if we demand it the supply goes up. If we dont then the supply goes down
two concepts is demand and supply because the price is higher and we will not travel in car. I think they need to lower the price.
In class this week I've learned that supply and demand are two different things that rely on each other. I think they are taking advantage of us because they know we need gas so they'll higher the price just because they know we need it. I'm concerned that it will just keep getting higher and higher.
My thoughts on this article is that we're going to be screwed either way. The government knows that us Americans need gas all the time to get to places, that is why they are making the gas prices higher. Soon they'll have it so high that we won't be able to drive anywhere because we won't have enough money, due to the government again, to get us gas. So in the future I think that they'll keep the gas prices higher.
I think that this article just tells us what to expect in the future, especially if Obama stays in office. American's don't have much money so if the prices keep going up people will be walking soon. If I were Obama, I would lower the prices so that can be an advantage in the election and more people will vote for him,
Supply is determined by people that are making the products. Demand is by the people who want to buy the product. I think that the gas prices are going to stay high but the demand for it is going to go down somewhat, but will always be there.
i learned on this article is that gas is a supply and a demand product because gas can be a supply because they make it and a demand because the people want to buy it.
I learned that with gas prices going up that some gas places are even shutting down. I wasn't aware that this could happen. It makes me realize how serious the issue is of supply and demand. It is really difficult avoid not buying gas, so the situation itself is not easy to help. I think that prices will continue increasing because the suppliers know that they can get away with it. Whether the customers will admit it or not, most cannot achieve everyday tasks without gas.
The need for gas will always be there. This means the demand for gas will always be there. The gas prices are going to go up. It's just the way it is. These things are going to remain the same until everything runs on electricity. The supply will drop as people continue to destroy the Earth's supply of oil but that won't effect the demand much, if at all.
People who buy gas are determining the demand,and since people will always need gas the sellers will continue to raise prices.
Gas is a supply and demand because it is there and always will be and always will be needed. It is a demand because people need it but when the prices go up not that many people with get gas as much.
Gas will always be demanded so the price will always be fluctuating. When it's warmer so people can walk price will go down and when it's colder it will go up.
Because we have a shortage on gas in the east and west coasts the prices of gas will rise. This is because the supply is running low. So in order for gas stations to make a profit more than there input price they have to edit there prices.
Because we have a shortage on gas in the east and west coasts the prices of gas will rise. This is because the supply is running low. So in order for gas stations to make a profit more than there input price they have to edit there prices.
Because of the shortage on gas in the east, and the conflicts in the Middle East, supply of oil has been affected. To compensate, gas companies have been raising prices so they can still gain a profit.
There will always be a demand for gas because most people need gas to get to their jobs everyday. So if gas is demanded, the prices will stay up. when its warmer some people may save money by walking or riding a bike, so the prices a lower. but when it gets cold outside, no one will want to walk or ride a bike because they would be freezing. So gas is demanded more so people can stay warm in their car, so the price of gas goes up.
I've learned that buyers determine demand and sellers the supply. The supplier will lower the the price to increase sales.
Sense we're low on gas, gas prices will raise. I think we should find another oil supply through money or force.
I learned alot about supply and demand . your going to need it in the future . we demand gas and the gas staions supply it for us .
the way i see it is the more gas goes up the less people are going to want it but there will always be people who need it to get from here to there like work long distance but there will be someone paying it until it drops or goes up someone will need it
i dont think you can really change gas prices because if you lower them you will have people buying more gas causing prices to go bac up.
Being honest; gas prices aren't really up to us. This article told ME that the only way gas prices would go down would be if another energy source to run cars became abundant. But then that energy source would probably be expensive too, so its just a viscious circle
it sucks that gas prices are so high and i wish they were lower but if that were to happen we would run out of that resource faster so we raise other price so we don't fly through it.
the fact that we are low on gas more people are going to get gas. and they are rasing or lowering prices to get more profit. either way they do. but by lowering the price the people are willing to full up their whole gas tank. by raising the people will only fill up half, but they still get the pfrofit. in a way its both a banefit for them but not for us. but int this case gas is both a supply and a damand. gasoline is beign made and being sold.
Day by day, the demand for gasoline increases because of teenagers learning how to drive. If the oil companies know that the demand is going to keep increasing, then they can limit the supply of the oil they sell to jack up the price of gas. Since no one can just say no to buying gas, companies will make more of a profit.
-Mike Russell 2nd period
I believe prices are going up because the more gas we buy the less gas we will have so price goes up in order to preserve gas.
What I've learned about supply and demand is that buyers determine demand and sellers determine supply. In this article supply and demand are happening
Gas prices are a perfect example of Supply and Demand. More people are starting to drive everyday, which means the demand for gas is naturally going to rise so to keep up the supply, oil companies are charging more and more. I think we should invest in finding a cheaper and cleaner source of energy, because before we know it, all the gas will be gone.
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