Gasoline prices have been and will continue to be a major issue for the economy. From the start of the Covid-19 pandemic up to the present day, gasoline prices have been in the news.   1. What has happened to the price of gasoline over the past 12 months? Be specific and include actual prices in your answer.   2. Discuss the recent changes in price from a supply and demand standpoint. Have the price changes been due to a change in supply, a change in demand, or both? Explain your answer.   3. What do you think has been the reason(s) for the very large increase in gasoline prices over the past several months?

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