29
votes
8answers
10k views

Why do gas stations charge different amounts in the same local area?

I've noticed there can be a 5%-10% difference in the price of gas where I live. For example right now the cheapest premium price is $3.85 and the most expensive is $4.17. It's the same state and ...
4
votes
5answers
809 views

Why are the prices of some commodities (e.g. oil) more volatile than others?

Why are the prices of some commodities (e.g. oil) more volatile than others?
3
votes
1answer
166 views

Why are gasoline prices so hugely different between America and Europe?

I noticed in several cases it's triple or more.