1. Supply and Demand in the US and Globally
With the price of gasoline and crude oil rising due to controversies overseas, many people are finding it difficult to pay for such extreme gas prices that only keep inflating. ... The world produces close to 85 million barrels of oil, but only uses 83 million of that amount each day "this is how supply and demand keeps one another in check [balanced]. ... The way that gasoline prices affects not only the United States economy, but the Global Economy as well is that the prices in Europe increase and decrease according to the way our [the United States] prices are, because both are based o...
- Word Count: 825
- Approx Pages: 3
- Grade Level: Undergraduate