What is With these GAS Prices?

Disclosure

When I fill up at the pump, the frugal side of me cringes at the idea of paying upwards of $50 to fill up my van. However, the business side of me realizes that it’s all about economics.

Collective Bias invited me to be a Cheap Gas Blog Machine in a #MurphyUSA educational campaign to help my readers get a better understanding of the economics behind the increase in gas prices. Many people point at the conflict in the Middle East and say “That’s why gas is so high.” But there’s a whole lot more to it.

I hold a major in Business Administration along with a Minor in Economics. I’m well aware of the fact that Economics is a dry subject. My goal for this project was to help put it into easy-to-understand language in a time frame that didn’t make you wish you were getting college credit for watching it. Ted Woodruff, Professor of Economics at St. Ambrose University (my Alma Mater) notched out a little time from his schedule to be interviewed for this project. I hope you’ll feel that it’s a few minutes well spent and that you walk away with a better understanding of how gas prices are determined.

Nicole

About Nicole

Founder and owner of SAHMReviews.com, Nicole has been involved in social media marketing since 2007. She has partnered with a number of major corporations who utilized her skills to improve their social media outreach and online presence. Nicole has worked as an ambassador for brands such as Netflix, U.S. Cellular and K'NEX, has been featured in McDonald's videos as well as Maria Bailey's book "Power Moms". Always a SAHM (stay-at-home-mom) and mother of two beautiful teen daughters, if you can't find Nicole, she is probably somewhere playing board games.

2 comments on «What is With these GAS Prices?»

  1. Trish says:

    I learned some important information , and some insightful facts about gas and commodities . I would love to learn more on this subject. Great job.

  2. E says:

    Wow thank you for the information!

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