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Vik David
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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 county, and the product being sold is considered a commodity. I know the simple answer is "what the market with bear," but what specific factors account for this price variance?

Vik David
  • 627
  • 2
  • 7
  • 11