Step #2. Also watch this 2 minute video and guess what the highest price for gasoline will be in 2014!
Wednesday, April 16, 2014
Making an exchange who wins? (Day Class)
Step #2. Also watch this 2 minute video and guess what the highest price for gasoline will be in 2014!
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I believe that the gas station is getting a better deal because we are paying more for what we could be getting, and have gotten for less. They are bringing in more money for the same amount of gas giving out. I don't really know if they pay more for the gas, if they do then the deal isn't nearly as good for them. We are still recieving the gas which makes it a deal we cannot pass, because we need the gas. After watching the video, I believe in 2014 the price of gas will go up to at least, if not a little more than $4. They say it will be cheaper than last year but they probably say that every year.
ReplyDeleteI agree that the gas station is getting a better deal, as they need to make a profit somehow.
DeleteA very good thought there Kyweeeee explaining the gas station's economic situation. I ensure you that the gas stations sell the gas for more than was required to buy it, so it depends ultimately on what each the gas station wants and the customers want. And that is money for gas! SO in different situations, each could win or lose.
Delete1. I think both people would benefit from this because both are getting what they wanted. but on the other hand the price of gas could rise without you knowing and you would be subject to paying for expensive gas.
ReplyDelete2. I think the largest price that we will reach for price per gallon will be just over 4 dollars.
1. I believe that the gas station is getting the better deal, as they obviously need to make a profit from selling the goods so they sell higher than they buy. I believe it is also a good deal for the consumer however, as they need the gas to get around.
ReplyDelete2. I believe the highest the gas prices will rise is around 4 dollars a gallon, if not a bit more.
I dont know if i agree with you on who's gaining and who is losing. But I do agree with you on the high price of gas this coming up summer.
DeleteI agree that the gas stations do need to make a profit but does it really need to be as much as it is now. Sure it's not all the sellers fault but does it really need to be so high?
DeleteI agree, the gas stations need to be making a profit otherwise they wouldn't sell gas.
DeleteI think that there are way to many factors to say that only one person gain and one person loses on this.
ReplyDeleteI lose money by buying the gas but I gain the gas that goes in the tank.
The retailer gains the money that i am spending on the gas.
my guess on this summers prices is $4.89 a gallon.
im really hoping the gas prices wont be as high as $3.89 per gallon because in the summer I like to travel and that'd just make me waste more money on gas.
Delete^* $3.89 a gallon
ReplyDeleteafter putting $25 on gas I didn't really gain much because the prices have risen and the oil companies are the ones that are gaining something because we are paying more than we had to before. The only thing ill gain is that ill still be able to drive my car to the places that I need to and want to, but I wont be able to go as far as I would have if the prices were lower.
ReplyDeleteAfter watching the video I think that the gas prices will go up because of the conflict with the middle east.
I agree the middle east is raising the trade prices kind of taking them hostage!
DeleteBoth benefit, Although the prices are high you need gas to have transportation, so you don't have any other options. And no matter what the prices are the gas station will always be making a profit.
ReplyDeleteI think the highest the price will get is to $4.
i argee with you, nobody said "the gas price too high then i would not drive my car" that is impossible.
DeleteI would say that the condition of who wins and who loses depends. Generally, the indirect winners from the $25 purchase on a large sample are the ones who specialized in the process to collect, develop, and ship the gasoline to the company as the gas station already paid these specialized companies and workers to produce this gasoline before the $25 purchase was made. The direct winner is the gas station and will continue to win long term and make a profit because gasoline is a relatively inelastic demand and people will always need gas and pay higher prices because there aren't substitutes for gas. The customer Could be the winner if he or she is trying to save money on gas. If the price of gas rises thereafter, then they saved money and got a little extra gas than if they would have bought $25 worth of gas later. I predict that the gas prices will rise to about $4.25 at one point.
ReplyDeleteVery good detail. I didn't even think of the people who move and produce the gas. The process of every product goes much further than most people, who aren't doing the process, think.
DeleteI feel like the oil companies are the only ones that gain from this situation. They decide how much the oil is going to cost and know you are going to have to buy it so they can essentially get away with whatever price they want (obviously there are some restrictions on how high gas prices can go but for the most part it's up to them) and you will pay it. Even though you're getting gas in your tank, that gas doesn't last forever and soon enough you'll be coming back for more. You spend near limitless amounts of money on constantly refilling your tank while the oil companies can just sit there raking in the dough and don't necessarily have to spend that money so they make enormous profits.
ReplyDeleteUnfortunately I believe the gas prices will go up to around $4.00 but I'm kind of praying that the government will shut down again so that the prices plummet like last summer.
I agree with you that the oil companies are gaining from this situation because ultimately they control how much they are going to charge the gas stations for the gas. They can obviously only go to certain price because the gas stations could find cheaper oil companies to buy from and they wouldn't get any business.
DeleteI think its a win lose situation. ($25 would get me no where but I drive an suv) I win by getting gas into my tank and being able to go to work to make more money. But I lose cause I'm losing the money I made.
ReplyDeleteWell I'm hoping it wouldn't be higher then $4 but just my luck it will be!
I definitely agree with you that you lose the money from your account from the transaction, but you are regaining the money from working. And you're getting to work by driving by using that gas that was purchased.
DeleteI believe that the gas station gains from this situation because they end up profiting from it. The only thing I would gain is the ability to drive places, and since that is something that I need to do, I'm going to end up buying gas anyways, no matter how much it costs (unless it is extremely high). The gas station is pretty much in control of how much they make from the gas, but they can't charge to much or else they won't get any business.
ReplyDeleteI predict $3.95 will be the highest price for gas in 2014.
i agree, gas is more of a necessity now so either way you go your going to be paying them and they are going to be profiting from you getting gas. And i hope gas prices don't go up!
DeleteI agree too. No matter how much the gas people will still buy out of neccessity and gas stations will always make a profit.
Delete1). I believe that I as the consumer is getting the same amount of worth as the people I am buying the gas from. As long as my $25 of gas really is worth $25, not less. Although $25 is a small amount of gas if you pay attention to mileage of your car(s). At some point it will probably get up to $4.00.
ReplyDelete2). It will definitely rise, between all of troubles in the Middle East and the huge demand. I think some people don't realize how much of a difference a few cents make unless they are actually paying the bill. Just to get to the market costs so much plus how much you buy at said market is outrageous.
I agree that gas prices will definitely go up which is unfortunate. Gas is a necessary evil and it will be a while before we stop depending on it so much. Until then, we have to suck it up and suffer through many more years of high gas prices.
DeleteThe gas station is getting the better deal the way the gas prices are set up the gas station is always going to win.
ReplyDeletei think gas will probably be around 4.50 per gallon
I don't think the gas station is getting the better deal. For you will use the gas in many ways which benefits you in more ways than one other than have the luxury of having a little money in your pocket. I do agree though that the gas price will be high this year.
DeleteI think there are many parties who benefit from this transaction. First off I think the consumer does benefit in this situation. It's not like one can just whip up some gas by their self, and even if they could that takes time; and time is money. The consumer benefits because they are obtaining a good that they need. They are profiting from something they need to get places so they can go to work where they make money. Where as without the gas they could not go to work and attain that money. They are also gaining from the gas that is put in the car for things that don't have monetary value. E.g. driving to see family or friends, driving to new places and seeing new things, having a good time at the places you go, etc. The station is benefiting and gaining from the transaction because the consumer has bought their product. Yes, the station has to pay for oil, the employees that work there, etc. but the mark up is so that the station still benefits from the transaction. The oil company also gains in this situation and so does the whole company. Whole company as in: if you were to buy from a BP station then BP benefits but that specific station also benefits. The consumer loses the $25 dollars that went towards gas but I think that value could be returned on how you use that gas. If you use the gas to get to work and you make money at work, you use the gas to get to school which going to school will get you a better paying job in the future. Then that would be like a return on investment. Depending on how you use the gas, it's a gain or a loss in my eyes for the consumer.
ReplyDeleteI think the highest national average gas price in 2014 will be in the 4.30s
I think that were always getting ripped off from gas prices but they have any right to do it, we want gas, and they all know we want it. So as long as we keep buying gas they can keep there prices up. I also think the prices will hit almost 4$ Because its summer and everyone drives more in the summer.
ReplyDeleteEven though you are paying them for the gas I believe that you would benefit more from the exchange than the gestation. The reason being is that you need the gas to get from place to place in your daily life. You're investing into something that brings a greater outcome depending on if you use it responsibly. For the gas price this year in 2014 I think we could see up to 4.80 a gallon. I give this reason for there are tensions across the sea and rumors of war. With war comes inflation. Russia is a leader in natural resource and do to recent activities and our debt as a nation I believe everything will keep going up.
ReplyDeleteI think you're right on how gas prices will go up because of everything going on across the sea. Good thinking I actually forgot about all of that.
DeleteI think that I would benefit from the $25 spent on gas because I'm using that for my veichle to get me to work to make more money, but the gas stations gain more in the end because I'll have to keep coming back to get more for my car.
ReplyDeleteI think gas prices won't be as high this summer and we can all just enjoy it instead of worrying about gas.
I don't agree because depending on what you drive might not benefit you.
DeleteI don't necessarily fully agree with this, the gas stations use the gas as a lifestyle tool of the trade. This is how they make their income and support themselves however, they can only make so much off of us, If they keep raising the prices people are going to find more ways to try to lessen the usage of gasoline.
DeleteI think nobody lose something in this case. The gas station sells gas and we do there to trade gas by money. Both gas station and costumer happy with trading.
ReplyDeleteI think the gas price will be raised up to $4,25 like last year.
I definitely believe the gas company's are benefiting because they are purchasing the gas at a better rate than us to begin with. But there is no way around it because we all need gas and no matter the price we will still pay for any prices. I'm not sure if the gas prices will go up or stay the same. Lately there seems to be a .50 difference and has benn that way for a while.
ReplyDeleteyeah i guess they are kinda ripping us off...
DeleteI don't really think that either are losing in the situation, if I'm paying for 25$ worth of gas then that's what I'm paying for.. I think that the gas price might rise to 4.00$
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteI believe that both parties are benefitting pretty much equal. However, gasoline being oil based, for trade to occur we must import the oil from other countries. These countries ultimately decide how much they would like the U.S to pay for oil since it is a limited resource. The gas stations must also make a living, so the base pay has to be more than the original amount of the oil they have purchased. When Oil prices rise, so must gas. As Americans yes we complain about gas prices rising, and we must drive to make money to buy gas, but the gas stations are also doing this because it is their living and way of life.All in all I believe it is pretty much equivalent to one another in terms of fair trade.
ReplyDeleteI project gas prices to be around 4 20-430/Gal