Gas Prices

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Title: Gas Prices

Essay Details:

Subject: Business

Author:

Date: August 12, 2013

Level: University

Grade: A

Length: 2 / 514

Essay text:

One of the conceptions that many people have is that gas stations are gouging gas prices. In our capitalist economy, the market determines the gas prices. Most often, gas stations are updating their prices on a daily basis, based on what they had to pay for it the night before to fill their underground tanks. Jon Birger from Fortune Magazine explains that gas stations receive low to no marginal profits from their sale of gasoline. Many stations rely on the food products that they sell in their convenience stores. The sale of coffee and snack cakes provide the profits they need to continue to sell gasoline...

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