POSTED BY CNBNEWS Thursday, August 07, 2008
By Rich Luongo
There\’s really a lot more to the high price of gas than we\’ve been told. The price is based on speculation, on corporate profit margins, and so on, we\’re led to believe. But have you noticed how prices fluctuate from station-to-station and not by different brands, either? Check out the same brands in different locations and you can see a price difference of about 15 cents a gallon.
For instance I saw a station down the White Horse Pike with regular selling for $3.61 a gallon but that same brand of gas at another station closer to this area was $3.77. What gives? It\’s the same company, same gas, same distributor, same formula but there was a 16 cents difference in price. Why?
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