Gas Price History

Vasquez, Manolito
Davidson, Melenee

With the ongoing turmoil in the world, spcifically in the Middle East, we are being exposed to how the world situation is affecting our daily lives. One area of our lives that is being affected is the fluctuation of gas prices. Many people just blindly state that a war in the Middle East increases the price of gasoline. It takes an inquiring mind to take it one step further and explain if and how it is affecting prices. Is there some type of relationship or explanation of how gasoline prices are affected by issues in the world or is gasoline no different than other commodities?