Slide 5 of 15
- The public is probably more knowledgeable about what they pay for gasoline than about anything else they use regularly. Most Americans are bombarded several times a day with the price of gasoline.
- Many people who phone our office don’t only want to know why prices have risen, but why their prices are different than prices in some other area – the gasoline station two blocks away, the average price quoted on the news, the price their uncle is paying in a different region of the country.
- This chart shows some of the different state averages for a specific month. Besides taxes, these differences are due to factors such as distance from refining sources, and mix of reformulated versus conventional fuels.
- What this snapshot does not show,is that all of these prices can move up and down together – though not in lockstep. The large underlying up and downs are the result of general global and larger regional factors.