Unformatted text preview: 85 percent of the price of gasoline is determined before it even arrives at the station. III. Third main point A. Supporting details 1. Higher price for oil means increase in price of other essential commodities. As the government has to meet the requirement through the price rise 2. Impact on consumer spending - as the demand is higher and availability is less. They have to pay more to get what they want B. Supporting details 1. Oil and gas prices are interrelated as they are by products in the process of production 2. Population explosion demands greater supply but production is less. IV. Fourth main point A. Supporting details 1. Determination of Oil Prices 2. Things Effecting Oil Supply B. Supporting details 1. Causes of gas prices to rise 2. Causes to decrease in the gas prices COM 150...
View Full Document
This note was uploaded on 05/09/2010 for the course COM 150 AAFO0NVE53 taught by Professor Tommymartin during the Spring '10 term at University of Phoenix.
- Spring '10