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3 key questions about gas prices and price-gouging?

Unfortunately, when tragedies like Hurricane Katrina happens, some people try to profit at the expense of all others. Some cases of gasoline price-gouging always seem natural disasters like Hurricane Katrina, followed by "too. Here are some important questions about the price of gas and what you are, if you think you have to do a victim of price-gouging.

1 – How are gas prices determined?

Gas prices are composed of 4 components
Crude Oil Prices
Gas costs
Taxes
Retail markup

) Of the above 4 components of gas volumes in the retail markup (the profit from the gas station owners are often the smallest. Crude oil (the oil straight from the ground), and refining costs (turning the crude into usable products like gasoline and heating oil) is a large majority of the costs and profits. Also, the State taxes are often higher than the retailMarkup.

2 – Why are gas prices so much state to state?

The main reason, especially in the case of neighboring states like New York and New Jersey and Illinois and Missouri have state taxes. Golf COST states (Mississippi, Alabama, Louisiana, Texas) have lower gas prices then the rest of the country because they closet and the Gulf of Mexico, which produces about 1 / 2 of gas.

3 – What should you do if you suspectPrice-gouging?

Price-gouging is a very sensitive issue. Just because a gas station is charging 10%, 20% or even 30% more than others in the same area, does not mean it is price-gouging? Before you report price-gouging check with sites like Gasbuddies.com determine the national average price and your own price. Of course, if you paid 2 or 3 times the local price that you were cut out. If you pay 50% or more above the average price they determine, perhaps more difficult toPrice-gouging. If you think you were paying considerably more for gas then you save the receipt you receive from your state and Attorney General.

The Department of Energy) has a website (gaswatch.energy.gov where suspected price-gouging consumers can

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December 23rd, 2009Natural Gas Prices ArticlesRead More >No Comments


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