Gasoline price controversy

04/05/2004
It seems lately that US drivers can't turn on the television without being bombarded by local and national news outfits about the latest gasoline price hike. Will the average price of gasoline top the $2/gal mark? Is Big Oil again gouging consumers to put more money in its pockets?US consumers already are livid about the high prices of gasoline. Typically, consumers do not see the rising prices of gasoline until it gets closer to the peak driving season, which starts around Memorial Day weekend in late May. So why the early rise in prices? The simple rationale of supply and demand is the main focus once again.There are numerous factors that influence the price of gasoline (see figure)...
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