Wednesday, April 16, 2014
Making an exchange who wins? (Night Class)
Step #1 Imagine that you pull up to a gas station and put $25 worth of gas in the tank. After you are done pumping the gas you go inside the gas station and pay the owner $25. At this point you traded $25 for X amount of gas (depends on price per gallon). Who gained from this situation and lost in this situation. State your opinion and respond to at least one of your peers post!
Step #2. Also watch this 2 minute video and guess what the highest price for gasoline will be in 2014!
Subscribe to:
Post Comments (Atom)
in my opinion id say that the owner of the gas station is the one who gained from the situation considering how you just gave them $25 for how ever many gallons you got and depending on what kind of gas you put in your car it can effect the amount of gas you get for $25. sooo my point being is to the owner thats $25 dollars in his pocket but to the costumer they just got how ever many gallons of gas that depending on what you do daily could be gone by the next night then youd have to go back and get more gas and give the owner more money. and if i had to guess on gas prices id say it will be up near $5 a gallon maybe more but lets not hope for that
ReplyDeleteWow, I really hope the gas doesn't get up to $5! That would be crazy. And I agree with what you have to say about coming back to spend more money.
DeleteI agree with you, the owner did gain more because people will always come back for gas. I don't think gas will rise that much.
DeleteI agree with you. They will always be the ones to make money cause as the value of gas goes up the prices will go up and the more money they will try and make. If they pay so much for gas there not going to put the prices lower than what they paid per gallon.
DeleteBoth the gas station owner and the car driver gained and lost different things. The gas station owner gained $25 from the car driver, but he also lost some gas. The car driver lost his $25, but he gained enough gas to drive somewhere, and transportation is kind of an everyday essential in today's society. This trade-off is to be expected, since basically everything has a cost, and it's rare for someone to gain without losing something else.
ReplyDeleteI would guess the highest price for gas in 2014 will be around $3.70 (just tossing a number out there - not really sure. I don't study gas price fluctuations).
I agree with you because both the gas station and the car driver gained and lost different things.
DeleteI think that both people gain something, it was a trade-off of services for goods. The driver gained gas to drive his car and the owner gained money for his services. I think that the gas prices will remain about the same, if not go slightly a little bit more.
ReplyDeleteI agree with Daniel, both people will gain their own wants.
DeleteI would say both people gain because one person is getting their amount of gas and the gas station is getting their money. Both people are trading and getting the good service they need. And if the gas prices tends to rise up well then the gas station will tend to lose costumers and there would be no trades on both sides.
ReplyDeletei agree with the part that if prices rise then the gas station will lose its customers!
DeleteIn my opinion, they might not lose customers if they raise their prices because gas is in such high demand. Most people need gasoline to get to work or get their kids to school and therefore even if the gas prices were raised, people would still have to buy gas. There might be a slight decrease of people who choose alternatives, but the high prices that the other people pay would even it out.
DeleteBoth the gas station owner and the buyer gain from this situation, and I don't think either of them lose. The gas station owner gains the profit from the sale of the gasoline. The buyer gains the means to go where they need to go, whether to work to make more money, or to do fun activities. They come together to meet mutual needs. The gas station owner needs to make money and the buyer needs the fuel to get around. Win-win. As for the 2014 gas price, I think we'll hit $4 per gallon.
ReplyDeleteI agree with this
Delete1. Both the gas station owner and the customer gain because one person pays for the gas that they need, and in turn, the gas station owner stays in business. It's a fair trade off on both sides. Each provides a good and or service that the other needs.
ReplyDelete2. I think the highest gas price will be $4.00 per gallon in 2014
I agree with you Becky, it's fair, in the sense, that they are trading one service for another.
DeleteBoth gas station & owner gained from the situation i think. because you paid the gas station the money (which they need) and you received gas in your tank which you need to get places, so both benefit from it! Also, by 2014 i think the gas prices will end up getting to 4 to 4.15 per gallon, depending on the season.
ReplyDeleteI think gas prices will be right around $4.15 as well
DeleteThe gas station made more money than the customer, depending on what kind of vehicle you drive. If you drive a prius its about an even gain and if you drive a truck then the gas station gained more. You paid the gas station money which they need but they keep jacking the prices up cause fuel is more expensive so they are really trying to make money. We really don't need a car to live you can ride a bike so gas stations are making money. By 2014 i think they gas prices will be close to $4.25 a gallon. Especially memorial day weekend.
ReplyDeleteThe person buying gas gained the most. I think this because he payed for $25 of gas and got $25 worth of gas. They gas station has to use that money to pay people to bring more gas and to pay taxes and such so they are not making a profit of $25.
ReplyDeleteI think gas prices will peak around $4.50....and that sucks.
It’s kind of hard to say who gained from this situation and who lost because the world has a funny way of flipping the switch. I mean, the owner could gain from this situation because they’re the one getting the money, but they also could suffer a loss, depending on, how many gallons of gas that 25 dollars pays for. On the other hand, the driver could gain from this situation because they might have a fuel efficient car, and that 25 dollars might be just what they need to fill their tank. However, it could also be a loss if they don’t have a fuel efficient car, and that 25 dollars turns out to barely move the gas gauge. Although, I’m guessing, it is more likely that the owner of the gas station gains more than the owner of the car.
ReplyDeleteI’m assuming that the highest gas prices will get in 2014 is about 3.94, at most.
Well in my opinion The owner is the person who gained the MOST from this, but the driver gained some because they got gas in their car. Thinking of what kind of car you have, because of the fact that in some cars 25 dollars isn't even half a tank.
ReplyDeleteI feel gas prices will go up to at least $4.00 to $4.50
Iwould day both win in this situation, the owner of the gas station receives his money for the product and gains profit from it . The customer gets the amount of gas he pays for . I think that by 2014 gas prices will hit right above the $4.00 mark, i would say right around $4.10. I dont see it getting much higher then that because then more people will use public transportation instead of there everyday cars.
ReplyDelete