What you’ll learn to do: Find rates of change of a function and identify behaviors of various graphs
Gasoline costs have experienced some wild fluctuations over the last several decades. The table below lists the average cost, in dollars, of a gallon of gasoline for the years 2005–2012. The cost of gasoline can be considered as a function of year.
If we were interested only in how the gasoline prices changed between 2005 and 2012, we could compute that the cost per gallon had increased from $2.31 to $3.68, an increase of $1.37. While this is interesting, it might be more useful to look at how much the price changed per year. In this section, we will investigate changes such as these.
- http://www.eia.gov/totalenergy/data/annual/showtext.cfm?t=ptb0524. Accessed 3/5/2014. ↵