Changes in the Demand and Supply of Cooking Gas in the U.S Research Paper

Changes in the Demand and Supply of cookery Gas in the U.S - Research Paper ExampleThis paper describes current state of American commercialise for readiness petrol in terms of the volumes of demand and supply at a time of the innovation of innovative technology of gas production. There is also a grafical illustration of these changes in the diagram in the paper.Cooking gas is one of the basic items whose demand and supply has been very unsteady over the old age 2011-2013 . These situation led to changes in the prices for cooking gas in the U.S.The new engineering tools have resulted into hell dust in the supply of immanent gas products, hence a change in the consumption sit for cooking gases. Natural gas has become a preferred energy source in the U.S. and has served as the replacement of the old and popular coal-fired generations and nuclear gas in some circumstances.The U.S. has faced a new challenge in meeting the growing demand for natural gas products, particularly co oking gas, as the supply of natural gas products with the the introduction of new technology significally rised. The report by the EIA revealed that the demand for natural gas has been fueled by the fast increasing industrial energy demand. The industries are preferring natural gas over other sources of energy given its economics value such as reduced cast out externalities such as pollution and affordabilityThese changes in the prices of natural gas have given rise to tough demand for natural gas in the U.S. Given the price elasticity of demand for natural and cooking gases in U.S., any little change in the demand for these products results into a significant change in prices.