Trends in Gasoline
ECO/365
Kimberly Lane
February 21, 2013

In the world, people are dependent upon an important contributor to vehicles and vessels that allows travel to take place. Without gasoline, people cannot to travel throughout the countries to their destination. The world relies on gasoline to fly airplanes, operate trains, buses, and operate every type of vehicle or vessel. Gasoline is a major factor in the world considering transportation; however, people are discovering alternative methods to operate vehicles like using electricity or vegetable oil. Americans travel long distances to reach their destinations throughout the United States. Families like to take trips across country to experience the scenic routes of the freeway and discover places like the Grand Canyon, Route 66, and St. Louis Arch. Although people boycotting gasoline will not decrease the increasing price in gasoline, the demand for world oil is a cause in higher gasoline prices.
Society would not be able to use transportation in vehicles if gasoline became extinct. People would have to resort to the old fashion method of transportation like riding a bicycle, walking, or creating an alternative method to mobilize their vehicles. Boycotting the increasing prices of gasoline through refusing to purchase will not lower the prices at the gas stations; however, the government has set in place a barter system to through export tangible goods with other countries for gasoline and oil. The prices of gasoline are increasing because the evolving changes of the world and the higher demand for world oil.
According to “HPImpact: New research examines US trends in gasoline and vehicle use” (2007), motorists’ average mileage has gone down because the efficiencies of automotives have kept the average the United States household budgets at a steady rate despite the rising oil prices in the world. The American market has experienced an increasing saturation of vehicles comparing to Britain, Mexico, Brazil, China, and India of cars and light trucks. Other countries resort to the old fashion method of transportation through walking or riding bicycles.
The average price Americans pay for gas is cheaper than other countries. Americans pay lesser taxes comparing to countries like Canada, Japan, France, and Britain. Americans complain that gas prices are high; however, comparing to other countries the prices are cheaper. America has oil refineries but choose to use the resources of oil from other countries. Countries can increase the price of oil because of the demand. Boycotting the gas prices will not decrease the rising costs of producing gasoline. The demand for world oil is the contributing factor for the rise in gas prices. The refineries require ethanol to manufacture gasoline.
Ethanol is the additive to make gasoline and is increasing the consumption because of gasoline requirements, congressional, and states mandates. The volume of ethanol will increase as the supply and demand for gasoline. The equilibrium price drives the costs of gasoline to increase because the demand continues to increase throughout the world. Over the years, the demand for gasoline has increased because the mass production of heavy duty vehicles; however, car manufacturing companies are creating gas efficient vehicles and electronic efficient vehicles to minimize the outcome of rising costs at the gas pump for the consumer.
Gasoline and the demand for world oil are inelastic because the demand will continue to increase throughout the world; however, countries should display innovative alternative methods to minimize their dependence on oil. Without oil, gasoline will not exist. According to “HPImpact: New research examines US trends in gasoline and vehicle use” (2007), there gas prices rising costs originates from the surge of oil consumption in 2004, causing a spike in prices from $1.59 per gallon in 2003 to $2.30 per gallon in 2005. The supply for gasoline will continue to increase as the demand will continue to increase.
In conclusion, countries throughout the world can minimize their demand for oil through discovering innovative alternatives. Although boycotting gasoline will not decrease the rising costs of world oil; however, the boycott will slow down transportation for people with destinations. The prices per gallon will continue to fluctuate; however, Americans will pay cheaper prices for gasoline comparing to other countries.

References
HPImpact: New research examines US trends in gasoline and vehicle use. (2007). Hydrocarbon Processing, Retrieved from http://search.proquest.com/docview/225206116?accountid=35812