Gas Prices Fact or Fiction: A Primer on Supply and Demand

October 18, 2005 7:33 AM by Tom Lehman

The recent upward spike in gasoline prices (particularly those following natural disasters) has unleashed a torrent of theories attempting to explain the pricing behavior in gasoline markets. From the Internet to television media pundits to the local newspaper editorial pages, and from political ideologues both left and right, it seems everyone has their pet theory about the rising price of petrol. FULL ARTICLE