Posts Tagged ‘references prices’

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    Why Do Gas Prices Rise Quickly and Fall Slowly?

    Jun 23, 12 • 113 Views • Behavioral Economics, Businesses, Demand, Supply, and Markets, Thinking Economically, UncategorizedNo Comments

    At your local gas station, you might be seeing some sticky prices. Although barrels of West Texas Intermediate (WTI) and Brent Crude have steadily gotten cheaper, the price at the pump has had a less steep downward trajectory. One economic study observed...