scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 732
This paper will show the relationship between the supply demand and price changes as effected by recent events Hurricane Katrina and the War in Iraq have left our gasoline infrastructure at such a point that it was almost crippled last week by Hurricane Katrina and the American economy is still feeling the effects of it This paper will explain some of the reasons and effects behind this Gasoline - The Supply Demand and Cost Supply and demand are the major driving force behind capitalism and the economy Hagenbough 2005 Supply and demand allows consumers and producers to change the market condition quickly but what happens when Mother Nature makes the changes for us Last week Hurricane Katrina did just that Hurricane Katrina dramatically impacted the Gulf of Mexico where several refineries were disrupted and several ports were closed that were dependant on oil importation These hurricanes as well as several other storms this year have disrupted the supply of oil to the United States on several occasions Webb 2005 If the oil companies that are dependant on this oil to make gasoline are unable to receive refine and distribute enough oil to their stations nationwide the price of the gasoline must increase This is what is referred to as supply and demand Demand in turn is influenced by the price of goods If the price of a product is high it is less likely for a consumer to purchase that product The price of oil went up considerably when Hurricane Katrina hit the Gulf coast By having the oil disruption in the Gulf area disrupted as well as the oil in the Iraq market and with the demand for this oil not decreasing the customers will ultimately have to pay the difference at the pumps Strauss 2005 This in turn is affecting the economy in other ways where businesses are dependant on transportation or revenue that would have been generated over the holiday
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA