leave space how far do you drive in a week? (or, how far do your parents drive you) what kind of gas...
TRANSCRIPT
OPECOIL IMPARGO
• Leave space
• How far do you drive in a week? (or, how far do your parents drive you)
• What kind of gas mileage does your car (your parents car) get?
• What is the average cost of a gallon of gas?
• Take a look at these numbers and figure out how much money you (your parents) spend on gas in a week and in a month.
• Miles driven / MPG = gallons per week (month)
• Gallons per week (month) * price = cost per week/month
What does is all mean?
Old house
Miles to work 29.72 one way 5 times per week
rounded to 60 miles per day
300 miles a week 1200 a month
Taking the girls to swim practice 3 nights a week
22 miles one way
Round it to 40 miles round trip
120 miles a week 480 a month
Other Driving
100 miles a week
400 miles month
Mr. Kroiss’s consumption
Total miles
300+120+100=520 miles a week
520 * 4 = 2080 miles per month
Mr. Kroiss drives a F-150 12-14 mpg (rounded 13 mpg)
Gas prices have been all over so lets just use a nice round $4 per gallon
520/13=40 gallons per week
40*$4 = $160 per week
$160*4=$640 per month
Moral of the story, I am glad I moved closer
Mr. Kroiss’s consumption
Go to page 718-19
Define
OPEC
Embargo
Then—go over “The Energy Crisis”p.719
Answer the questions
also answer—look at the graph on p.719
How much did the price of gas rise between 1978 and 1979? Figure the % as well as the dollar amount in 1978 and 1979.
OIL AND OPEC
Go back to your figures from the first slides
• How much money were you (your parents spending on gas in a week and a month
• Now—adjust your costs up by the same amount as seen in the years 1978-79
• In 1978 the price starts at about $1.40 and goes to about $2.15 at the peak in 1979
• $.75 more or about 35 % increase over 1 year
• Take your totals and * .35 + to the old total
Lets relate that to today
520 miles per week = 40 gallons a week
2080 miles per month = 160 gallons per month
Costs
Old price
$160 per week
$64o per month
New Price
$160 * .35= $56 + $160 = $216 per week
$640 * .35 = $224 + $640 = $864 per month
Mr. Kroiss is getting a Moped
What impacts would this have on your life?
What impacts would this have on the economy?
What might be a few long term outcomes of this event?
Critical Thinking