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Hly2004 Posted 20 years ago
Vocabulary
warmer-weather blend
"There is tight supply worldwide, and we have got increasing demand from countries like India and China, which means that, any disruption in supply, or perceived disruption of supply, is going to cause the price of crude to go up, and that affects the price of gasoline," he said.
The president says prices are also up on increasing domestic demand, as Americans are driving more, now that the cold winter weather is ending, and because states are switching their fuel-mix to a warmer-weather blend.
"The combination of these creates higher gasoline prices, and I am concerned about higher gasoline prices. I am concerned about what it means for working families and small business, and I am also mindful that the government has the responsibility to make sure that we watch very carefully, and investigate possible price-gouging, and we will do just that," added President Bush.
My understanding of the red sentence is :
(1)The cold winter weather is ending, as a result, Americans are driving more.
(2)Becasue states are switching their fuel-mix to a warmer-weather blend, Americans are driving more.
(3)Because of (1) and (2), there's an increasing domestic demand, which makes prices go up.
Do I get it right?
My another question is why is (2) true?
The president says prices are also up on increasing domestic demand, as Americans are driving more, now that the cold winter weather is ending, and because states are switching their fuel-mix to a warmer-weather blend.
"The combination of these creates higher gasoline prices, and I am concerned about higher gasoline prices. I am concerned about what it means for working families and small business, and I am also mindful that the government has the responsibility to make sure that we watch very carefully, and investigate possible price-gouging, and we will do just that," added President Bush.
My understanding of the red sentence is :
(1)The cold winter weather is ending, as a result, Americans are driving more.
(2)Becasue states are switching their fuel-mix to a warmer-weather blend, Americans are driving more.
(3)Because of (1) and (2), there's an increasing domestic demand, which makes prices go up.
Do I get it right?
My another question is why is (2) true?
Top answer
The president says prices are also up on increasing domestic demand, as Americans are driving more, now that the cold winter weather is ending, and because states are switching their fuel-mix to a warmer-weather blend. My understanding of the red sentence is : (1)The cold winter weather is ending, as a result, Americans are driving more. => partially correct According to the President, there are two reasons for the increase in the price of gasoline.
- The president says prices are also up on increasing domestic demand, as Americans are driving more, now that the cold winter weather is ending, and because states are switching their fuel-mix to a warmer-weather blend.
- My understanding of the red sentence is : (1)The cold winter weather is ending, as a result, Americans are driving more.
- => partially correct According to the President, there are two reasons for the increase in the price of gasoline.
- 1- There is higher demand on gas consumption brought about by more Americans driving after the end of winter 2- The cost of gasoline production goes up because oil companies must retool their refineries to produce a warmer-weather blend of gasoline fuel.
- More Americans driving after the end of winter will lead to more demand on oil => price will go up as there is an imbalance in supply and demand at a lower price.
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2 Answers
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The president says prices are also up on increasing domestic demand, as Americans are driving more, now that the cold winter weather is ending, and because states are switching their fuel-mix to a warmer-weather blend.
My understanding of the red sentence is :
(1)The cold winter weather is ending, as
My understanding of the red sentence is :
(1)The cold winter weather is ending, as
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