Lab1 - M E M O R A N D U M TO: Dr. Kuang-An Chang...

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Unformatted text preview: M E M O R A N D U M TO: Dr. Kuang-An Chang Instructor, CVEN 302, Fall 2010 FROM: Ryan Henry 219003331 DATE: September 10, 2010 RE: Analysis of Historical Gas Price Data The first graph you see is a graph of the Rise of Gasoline Production for the months of January and August for the last 30+ years. The second graph is a graph of the Rise of Gas Prices for the same months and years. By looking at the Gas Price graph, you can tell that there is a general trend that August usually has a higher gas price than January, especially in the past 10 years. My opinion about this trend is that August is in the summer and therefore gas com- panies will increase their gas prices because a lot of people go out of town during the summer months. However, January is right after Christmas time when people have already done their traveling for the winter break, so the gas companies lower back the price of gas. Now, if you look at the Gasoline Production graph, it is very obvious that August has much more production...
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Lab1 - M E M O R A N D U M TO: Dr. Kuang-An Chang...

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