2006-11-24 12:58:11 · 4 answers · asked by Al V 1 in Social Science ➔ Economics
$2.78.
You arrive at this price from History. Study the 1970's and what happened. Gas was around 35 cents a gallon and they decided for more. After all was said and done the price settled around .99-1.29 a gallon. With that we see around a 300% increase. 300% turn the lesser into $3, so, in good business, it be $2.78 on average. This why we seen the amazing increase to make the people think, OMG! When will it stop? Now it drops a "Little" and people feel relieved. Basic business/political stratagy.
2006-11-24 13:11:07 · answer #1 · answered by Snaglefritz 7 · 0⤊ 0⤋
Obviously, several factors go into this equation, Suffice it to say that the average price of oil in this extremely volatile industry shall remain relatively stable with a slight upward tren, averaging approximately 78-82 dollars per barrel. It has been my pleasure to serve you in your quest and I wish you all the best in your future endeavors!!
2006-11-24 21:07:26 · answer #2 · answered by sharkman 2 · 0⤊ 0⤋
Run a trend line over the last 10 years. This might get you closer.. No one can predict the future..
2006-11-24 21:06:11 · answer #3 · answered by kurt4ethanol 1 · 0⤊ 0⤋
600 sixhundered dollars???
2006-11-24 21:06:40 · answer #4 · answered by Mandy™ 2 · 0⤊ 0⤋