Explain the roles of demand and supply in changing gasoline prices after hurricane katrina and rita

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asked Mar 4, 2018 140k views

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DustBunny · Answer 1 · 2018-03-08T06:30:34+0000

In the immediate aftermath of hurricane Katrina and Rita, supply of gasoline was very low, as suppliers of gasoline,were unable to bring gas to the stations. This raised prices drastically as demand increased due to people fleeing the devastation.

Explain the roles of demand and supply in changing gasoline prices after hurricane katrina and rita

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