BCOR project 1 - within 5 cents of the other price Colorado...

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Collin Mitchell Project 1 Recitation:______ Gas Price Data I have gathered some information about gas prices. The different things that I looked at were, average prices of regular unleaded gas throughout the 50 states, average prices of premium unleaded and diesel fuel, and Colorado’s average weekly gas prices. Each of these data sets produced some interesting results that show a few interesting things.
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Diesel/Premium Unleaded State Prices $0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 Price of Gas in Dollars Price of gas in Dollars Diesel/Premium Unleaded State Prices The Prices of diesel vs. premium unleaded show a few interesting things. Looking at the scatter plot it is seen as somewhat of a line going upwards to the right. The diesel and premium unleaded prices seem to be really close to each other. This makes sense when thinking in real terms of how much specialization goes into the two.
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So overall there is a similarity in the prices. They are not exact but they are generally
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Unformatted text preview: within 5 cents of the other price. Colorado Weekly Gas Prices 1.95 2 2.05 2.1 2.15 2.2 2.25 2.3 Feb. 7, 2007 Jan. 31, 2007 Jan. 24, 2007 Jan. 17, 2007 Jan. 10, 2007 Jan. 3, 2007 Dec. 27, 2006 Dec. 22, 2006 Dec. 13, 2006 Dec. 6, 2006 Nov. 29, 2006 Nov. 22, 2006 Nov. 15, 2006 Nov. 8, 2006 Nov. 1, 2006 Oct. 25, 2006 Dates Price of Gas in Dollars There is a real pattern being shown in the data that represents the average price of gas weekly since October 25, 2006. As it shows in the diagram gas prices have generally been on the decline. As it shows prices started at about $2.27 on October 25, and decreased until about November 22. After November 22 the prices pretty much stayed level until they began to drop again on December 27. They dropped up until January 31 and then started to increase to present. Judging from the chart gas prices are probably going to increase but probably no more than 5 cents....
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