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Unformatted text preview: the price could get as high as $3.75 a gallon. Because gas prices are rising so high quickly, the demand for fuel will rise slower in the following spring and summer than it has previously. National demand for gas is already down by one percent over the last 6 weeks and it is expected to fall even more as prices rise further. Most analysts believe that rise in gas prices is mostly because of the weakening power of the US dollar, not the supply and demand. Although in most places around the world, the prices of oil have also increased....
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This note was uploaded on 05/11/2008 for the course ECON 102A taught by Professor Sorensen during the Spring '08 term at UC Riverside.
- Spring '08