1. Table 1. My experiences with the cost of gasoline. Instance Date Place Cost Exchange Rate 1972 Harrisburg, PA 1987 Dayton, OH 1999 Baltimore, MD 2000 Chicago, IL 2000 Newfoundland, CA 1 $0.399 US /gallon $1.199 US /gallon $0.799 US/gallon $2.079 US /gallon $0.899 CA / Liter NA* NA NA 4 NA $1 US = $1.45 Ca $1 US = 90 Kroner $1 US = $1.52 Ca $1 US = 380 Colones 100.0 Kroner / Liter $1 US = 70 Kroner 6. 2001 Iceland 95.9 Kroner / Liter $0.949 CA / Liter 410 Colones/ Liter 2002 Newfoundland, CA Costa Rica Iceland 8. 2003 9. 2004 * Not Applicable Observing your world, you will see wide fluctuations in the price of gasoline over time and from place to place. I have recorded many of the fluctuations that I have seen. In December 1998, gasoline became as cheap as it ever was in inflation-adjusted dollars. Asia was in the throws of financial chaos and petroleum demand had slumped. On spring break of '99, I paid $0.799 a gallon for gas returning from the Baltimore aquarium. In August of 2014, unleaded gas rose to a local high of $4.19 in Slippery Rock. This week, I see it rising to $3.55 locally. Why do you think prices vary? Calculate the price in $ US /gallon for: (show your work) Instance # Iceland date: 2004 , location: What factors do you think contribute to this price volatility?
1. Table 1. My experiences with the cost of gasoline. Instance Date Place Cost Exchange Rate 1972 Harrisburg, PA 1987 Dayton, OH 1999 Baltimore, MD 2000 Chicago, IL 2000 Newfoundland, CA 1 $0.399 US /gallon $1.199 US /gallon $0.799 US/gallon $2.079 US /gallon $0.899 CA / Liter NA* NA NA 4 NA $1 US = $1.45 Ca $1 US = 90 Kroner $1 US = $1.52 Ca $1 US = 380 Colones 100.0 Kroner / Liter $1 US = 70 Kroner 6. 2001 Iceland 95.9 Kroner / Liter $0.949 CA / Liter 410 Colones/ Liter 2002 Newfoundland, CA Costa Rica Iceland 8. 2003 9. 2004 * Not Applicable Observing your world, you will see wide fluctuations in the price of gasoline over time and from place to place. I have recorded many of the fluctuations that I have seen. In December 1998, gasoline became as cheap as it ever was in inflation-adjusted dollars. Asia was in the throws of financial chaos and petroleum demand had slumped. On spring break of '99, I paid $0.799 a gallon for gas returning from the Baltimore aquarium. In August of 2014, unleaded gas rose to a local high of $4.19 in Slippery Rock. This week, I see it rising to $3.55 locally. Why do you think prices vary? Calculate the price in $ US /gallon for: (show your work) Instance # Iceland date: 2004 , location: What factors do you think contribute to this price volatility?
Algebra and Trigonometry (6th Edition)
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ISBN:9780134463216
Author:Robert F. Blitzer
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ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Transcribed Image Text:1. Table 1. My experiences with the cost of gasoline.
Instance Date
Place
Cost
Exchange Rate
NA*
1972 Harrisburg, PA
1987 Dayton, OH
1999 | Baltimore, MD
2000 Chicago, IL
2000 Newfoundland, CA
1
$0.399 US / gallon
$1.199 US / gallon
$0.799 US / gallon
$2.079 US / gallon
$0.899 CA / Liter
2
NA
3
NA
4
NA
$1 US = $1.45 Ca
$1 US = 90 Kroner
$1 US = $1.52 Ca
$1 US = 380 Colones
100.0 Kroner / Liter $1 US = 70 Kroner
6.
2001
Iceland
95.9 Kroner / Liter
$0.949 CA / Liter
410 Colones / Liter
2002 Newfoundland, CA
8.
2003
Costa Rica
9.
2004 Iceland
* Not Applicable
Observing your world, you will see wide fluctuations in the price of gasoline over time and from
place to place. I have recorded many of the fluctuations that I have seen. In December 1998,
gasoline became as cheap as it ever was in inflation-adjusted dollars. Asia was in the throws of
financial chaos and petroleum demand had slumped. On spring break of '99, I paid $0.799 a gallon
for gas returning from the Baltimore aquarium. In August of 2014, unleaded gas rose to a local
high of $4.19 in Slippery Rock. This week, I see it rising to $3.55 locally. Why do you think prices
vary?
Calculate the price in $ US / gallon for: (show your work)
Instance #
Iceland
date: 2004
location:
What factors do you think contribute to this price volatility?
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