Introduction to How Gas Prices Work

Posted on December 13, 2007 by ffisuccess.
Categories: Fuel Economy basics.


A gas can with a dollar sign on it

Gasoline is the that keeps America moving. Our alone guzzle 140 billion gallons of and each year, up 3.2 percent from a year ago.

Tracking can feel like a roller coaster ride. They’re down a little one month, up the next, before shooting up more than 50 percent in a year. Plus, they’re different depending on where you look. Other countries, and even other states and cities, can have very different gas prices from your local Gas-N-Go. To the , it probably seems as though there’s little or reason to how are determined. In this article, we will look at the forces that impact the price of gas at the pump, and we’ll find out where your actually goes.

Americans have an for , and with sport-utility vehicles (SUVs) continually growing in we are only getting thirstier. Just look at the roads and and you’ll see that a severe would practically cripple the country. Americans drive more than 2.5 miles per year in , and SUVs, according to a MEMA report. That’s equal to 14,000 round trips to the sun. Today, we drive almost twice as much as we did in 1980 (1.5 miles).

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