Question: 2. Given the Chart 1 below showing the relationship between Crude Oil Price (Dollars per Barrel) and Diesel Retail Price (Cents per gallon), for every

2. Given the Chart 1 below showing the relationship between Crude Oil Price (Dollars per Barrel) and Diesel Retail Price (Cents per gallon), for every $10/barrel increase in crude oil how much is the resulting increase in diesel fuel per gallon? Chart 1: Relationship between Crude Oil Prices and Diesel Fuel Prices Diesel Retail Price (Cents per Gallon) 370 360 350 340 330 320 310 300 290 280 270 260 250 240- 230 Trend Line Model Diesel Retail Price(Cents per Gallon) = 2.38515 Crude Oil Price($/barrel) + 132.292 50 55 60 65 70 75 Crude Oil Price (Dollars per Barrel) 80 85 90

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