Problem of the Month
Increasing Gas Prices
Q1: What is worse, prices going from $3.49 per gallon to $3.89 per gallon or prices going from $4.29 per gallon to $4.79 per gallon? How would you evaluate that?
Q2: A math instructor was renting a car in the Faroe Islands? Gas there cost 132.5 DKK per litre. How does that compare to the current average cost of a gallon of gas in the US (look it up!)?
Graph of the Month
What's Happened to Gas Prices
Credit to YCharts, which publishes graphs of information to help investors make decisions. The information in this graph comes from the Energy Information Administration which has a breakdown of average gas prices and definitions.