gasoline

Gasoline is a predominately an inelastic resource because most people, especially in the United States, are willing to pay whatever it takes for gas in order to maintain the comfortable lifestyle and commute which they are used to. I know that for my family, this applies to us. 

My dad drives over 30 minutes to work every day, my mom only drives 10 minutes, and I drive 25 minutes to school every day. The interesting part of this is the kind of "fuel efficient" cars we all drive. My mom drives a 2007 Chrysler Sebring which gets an average 32 mpg on the highway. However she doesn't drive very far so she doesn't have to refill the tank often.  

My dad drives a new Kia Optima which gets an average 36 mpg on the highway; this is a good thing since is drive to work is mostly on the highway. The great thing about this car, is that it also has an eco button which provides for better usage of gasoline; this make the best use of gasoline for my dads commute. 

However, I drive a 2001 Dodge Durango. This car gets an average 12 mpg on the highway. I probably drive the farthest overall on an average weekday in comparison to both my parents and yet I drive the least fuel efficient car with the largest gas tank. With today's gasoline prices, it takes about $80.00 to fill up the tank approximately every 12 days. Yet, the price and frequency wont alter which car I drive nor the need for it as means of transportation.