As the key component in gasoline production,an increase in the price of crude oil would cause

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An increase in the price of crude oil, as the key component in gasoline production, will lead to a decrease in the supply of gasoline. This is because higher input costs for production will make it less profitable for refineries to produce as much gasoline. Therefore, the limited supply of gasoline will result in a higher price for consumers.

As the Key Component in Gasoline Production,an Increase in the Price