The average price for regular gasoline at U.S. pumps fell almost 4 in March to $2.50 a
Question:
The average price for regular gasoline at U.S. pumps fell almost 4¢ in March to $2.50 a gallon. The price of crude oil dropped to $43.46 per barrel on March 17, the lowest since March 2009.
Explain the effect of a lower crude oil price on the supply of gasoline.
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Crude oil is refined to produc...View the full answer
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