What is the difference between short-run gasoline and long-run gasoline?

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What is the difference between short-run gasoline and long-run gasoline?

2006-09-02 19:52:17 · 2 answers · asked by sandy 1 in Education & Reference ➔ Homework Help

2 answers

Short-run gasoline is that which is going to be delivered shortly. The prices are more volatile and react more to immediate news events.

Long-run gasoline is contracts for delivery further in the future. The prices are moderated and take into account the market's knowledge and prediction of future supply and demand.

Chemically, it is the same stuff.

2006-09-05 11:58:32 · answer #1 · answered by David in Kenai 6 · 0⤊ 0⤋

the name

2006-09-03 03:07:41 · answer #2 · answered by t_69_man 2 · 0⤊ 0⤋