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There are many factors that gas stations use to determine the price of gasoline. One of the biggest factors is the supply of crude oil, less supply will equal higher prices. Interruptions in the distribution network has an effect, such as a natural disaster that makes delivery of gasoline more difficult. The value of the U.S. dollar can have an impact on the overall price of gas. The most complex factor in gasoline prices is the oil trading market, depending on how the oil market is doing will factor into how much is paid at the pump.
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∙ 11y ago
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Why do neighboring gas stations have a price difference of 1 cent?
More than likely it is to compete with any nearby stations. 1 cent is 1 cent less than you will pay and then you are more than likely to go to that gas station instead.
Which statement most accurately explains the effect pf competition among local gas stations on the price of gasoline?
The demand for gasoline will decrease. The price of gasoline will decrease. The supply of gasoline will increase. The price of gasoline will increase.
How are business gas prices determined?
There are many factors that help determine the the price of gas. Taxes, refining costs, marketing, redistribution and the crude oil cost, which make up about two-thirds of the price.
Oligopoly in the Philippines?
gas stations
Why does the price of gas go up the day after a rise in crude oil price?
The gas companies see that there is an increase coming in their next purchases of crude oil and they are building capital in advance to make those purchases. In the United States, gas stations can change their prices only once a day. (On interstates, it's just once a week.) Stations would probably change their prices even sooner than the next day if they were allowed to legally.
What most accurately explains the effect of competition among local gas stations on the price of gasoline?
The price of gasoline will decrease
Most accurately explains the effect of competition among local gas stations on the price of gasoline?
The price of gasoline will decrease
Which statement most accurately explains competition among local gas stations on the price of gasoline?
the price of gasoline will decrease
Why do gas stations put up the cash only price?
Cash prices are less than card prices, so gas stations post both to encourage customers to pay with cash.
Can you get takis in Missouri?
You sure can. Most places that have them are Walmart, price chopper, and some gas stations.
Gas price in 1955?
As I recall gas was about 30 cents a gallon in the 50's. I remember there was a gas war between gas stations one year and the price got down to 19 cents for a few weeks.
What statement most accurately explains the effect of competition among local gas stations on the price of gasoline?
The price of gasoline will decrease.
Who supplies sheetz gas?
"Unbranded" gas stations can purchase from any major supplier... Usually whoever has the best price at the time.
What type of mileage could you expect from 1995 Chevy 2500 with natural gas conversation?
I drive a 2000 C2500 with a vortec 5700 bifuel, natural gas and gasonline. On natural gas I get around 14-16 and up to 18 when running Gasonline. This truck has a utility bed by stahl on it that adds considerable weight to the truck. I drive fairly conservatively as well.
Who owns Patriot gas stations?
Patriot Gas Stations
What gas stations are considered cheap gas stations?
Valero
What gas stations sell takis?
Mexican gas stations
