Higher Gasoline Prices: Temporary or Time to Buy a Hybrid? (Page One Economics)

Drivers may wonder whether the most recent spike in gasoline prices is temporary or will be longer lasting. Will prices eventually decline—maybe even to below $3 per gallon? Or is it time for drivers to alter their driving habits, maybe by buying a hybrid car? Be sure to read the September 2012 issue for a discussion of factors that might influence that decision.

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Education Level: 9-12 Non-educators College
Subjects: AP Economics Economics Data Literacy
Concepts: Demand
Resource Types: Publication Lesson
Languages: English