BUSINESS ENTERPRISE 508_Assignment_3

The relationship between the retail price of gasoline and the price of crude oil begins with two words supply and demand.  This important commodity is so vital to so many other aspects of the economy, as prices of gasoline catches the attention of financial and economic analyst everywhere, its prices are physically displayed and there is no other commodity that catches the amount of attention of so many consumers (Kimmons, 2010).   When gasoline prices fluctuate, whether, up or down it is due to the fluctuating costs of crude oil.   However, the retail price is what we as consumers pay “at the pump” to include various taxes.