Which of the following would be a likely cause for the increases in gasoline prices in the late-2000s?
A)Decreases in gasoline demand
B)Reductions in U.S.refinery capacity
C)Lower production costs for gasoline
D)A recession in the early 2000s
E)Increases in oil supply from the Middle East

Question

Quizplus · Accepted Answer

Reductions in U.S. refinery capacity would limit the supply of gasoline, which would cause an increase in gasoline prices.

Which of the Following Would Be a Likely Cause for the Increases