Tuesday, 5 March 2019

Location and competition

(University of California - Santa Barbara) Those of us who drive regularly are keenly aware of gas prices and their daily fluctuations. Many of the factors that influence the price per gallon -- the cost of crude oil, regional taxes and processing and transportation charges -- affect all pumps in a given area. Why then do some stations charge more for fuel than others in the same general geographic location?

from EurekAlert! - Social and Behavioral Science https://ift.tt/2tQVRDZ

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