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How Does Crude Oil Price Affect The Price Of Gas

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The laws of demand states that as prices go up the demand is less and as prices go down the demand is more. Oil and gas complements each other what happen with one affects the other. Therefore if the oil price goes up it will affect the price of gas and if the gas price goes up it will affect the oil. In the graphs we see a clear picture of the economic condition for the crude oil determining what the price of gas would be. From the graphs we saw a steady increase and for the most part it was consistent with each other. What was happening with the oil price in Oklahoma was affecting the price at the pump in New York.
Supply and demand affects these prices globally. If the demand for crude oils is great the cost for suppling it will be more
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