The hidden costs behind gas prices
July 12, 2008 – 12:44 am
By The Associated Press
You think you feel helpless at the gas pump?
Even the people who sell the gasoline have little control over what it costs.
How exactly are gas prices set? What determines the hair-pulling figure you see displayed in large electronic or plastic numbers? Why is a gallon of gas, say, $4.11, and not $4.10 or $4.12? Why is the price different across the street?
It all starts with oil….(read more)
