The Tampa Bay Times article on gas prices below highlights an increase during Spring Break. Why do you think there is an increase in gas prices before holidays? Think about supply and demand. When there is more demand, prices often increase. There is a lot of online data about vehicles; however, often times people don't know how to use the data. Check out the graph above from GasBuddy, which tracks the price of gasoline over an 18 month period. What trends do you notice? How might higher prices in gasoline impact vehicle purchasing decisions? Conduct some research on Tampa Bay Times Cars and other online sources to discover the gas mileage of your top five favorite vehicles. Which vehicle gets the best gas mileage and how does this impact your decisions?
SS.8.FL.2.2 Analyze a source’s incentives in providing information about a good or service, and how a consumer can better assess the quality and usefulness of the information.
SS.912.FL.2.3: Discuss that when buying a good, consumers may consider various aspects of the product including the product’s features. Explain why for goods that last for a longer period of time, the consumer should consider the product’s durability and maintenance costs.
Created by Deborah Kozdras and Brittany Sampson