What causes gas prices to fluctuate Assignment Example | Topics and Well Written Essays - 500 words

What causes gas prices to fluctuate - Assignment Example f gas in many industries, there are a myriad of reasons that could be attributed to the constant changes in the price of gas, and the lack of price stability on the commodity (Diewert, Greenlees & Hulten, 2010). This research will seek to explore the fundamental reasons that drive the fluctuation of gas prices. The research will be a descriptive study that will be seeking to provide answers to various questions raised in relation to the problem of fluctuating gas prices. The study will involve collection of information concerning the current state of the problem in seeking to determine the factors that have driven the observed phenomenon of price fluctuation (Creswell, 2009). Although the research might not be able to provide conclusive answers, it will be able to present some of the key elements that could be associated with causing the price fluctuations. The study will be able to yield rich data that can be relied on by policy makers in establishing solutions to the problem. The sources of data will include economic journals and other academic materials providing explanations to causes of price changes. A survey of the industry will also provide information about the operational factors within the industry that could be causing price fluctuations. The collected data will be analyzed using STATA, which is a software that facilitates replicable analysis. Qualitative data analysis approaches will be employed to initially analyze the data collected from the various sources (Tracy, 2013). Logical analysis through inductive reasoning will be utilized in seeking to stratify the data before it can be analyzed using the STATA software. The initial analysis will be able to group the collected data into different categories in order to determine the factors that have been identified from the data collection. The stratification will be used to initially identify the factors that have caused the fluctuations in prices of gas. The factors will further be classified