Question

The price of gasoline was $3.59 a gallon in June. In July, the price rose by $0.33, and in August it dropped by $0.14. What was the price of gasoline after the drop in August?

Answer 1

After the price of gasoline rose by $0.33 in July from $3.59 a gallon and then dropped by $0.14 in August, the new price was $3.78 per gallon.

Step-by-step explanation:

To find the price of gasoline after the drop in August, we start with the initial price provided for June, which is $3.59 a gallon.

According to the question, the price then increases by $0.33 in July and subsequently drops by $0.14 in August. To calculate the price following these changes, we simply perform the following mathematical operations:

• Add the increase of $0.33 to the June price: $3.59 + $0.33 = $3.92
• Subtract the decrease of $0.14 from the July price: $3.92 - $0.14 = $3.78
• Therefore, after the drop in August, the price of gasoline was $3.78 per gallon.

Discussions on gasoline prices often take into consideration factors such as supply and demand, seasonal changes in consumer behavior, and economic factors that influence how much buyers are willing to pay and sellers are willing to accept.

These aspects are central to understanding the fluctuations in gas prices year-round.