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This left an imbalance for both consumers and sellers. Sellers paid higher prices for their supplier, which in turn left them no choice but to charge higher prices for their gas. Consumers more likely than not willingly paid higher prices for gas. This is because that modern society has developed a dependency on gasoline...
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A lack of gas would hinder the lives of everyone, so, people would be more willing to pay a higher price for such a necessary item.
People will pay for what they need, in most cases regardless of the price, up to what they can afford that is. However, people want to pay as less as possible, because of a panic, most people probably expected the price of gas to increase, and rushed to buy as much gas as they could while the price was set lower, that it would be, as projected by the consumers...
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