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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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Audience:   High School, Consumers, College
Language:   English
Subjects:   AP, Economics, Data Literacy
Resource Types:   Data, Publications, Newsletter, Lessons
Concepts:   Demand