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The Real Reasons Some States Pay More at the Pump [Yahoo! Finance]
Last chevron corporation earnings: 5/1 06:45 am
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US:NYSE Investor Relations: chevron.com/investors
On one side of the street, the Chevron station is currently advertising $6.29 per gallon, while across the street, Great Gas (a North Carolina-based company) advertises $5.49. Both prices are too high for comfort, but an $0.80 difference between them seems huge to me. Not only that, but if you drive 400 miles north to Oregon, the average price for gas (as of this post's publication) is only $5.00. And if you go east, the price is even less. In fact, the national average price for gas as of this writing, according to AAA, is only $4.16, which means that people in some places are paying less than $4.00 per gallon. What's up with these price variations? Let's take a look. What Determines the Price of Gas? People love to blame the President when gas prices spike, but as NPR's Business Desk explains, the President has very little control over gas prices (although government policies can and do have a limited effect). The U.S. Energy Information Administration (EIA) states that the
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