3 Key Questions About Gas Prices and Price-gouging?Learn Politics on mps-politics.com. 3 Key Questions About Gas Prices and Price-gouging? article will help answer your questions on Politics.We at mps-politics.com specialize in Politics. Politics at mps-politics.com provides the most up to date news and articles. If you have questions please do not hesitate to contact us.
Unfortunately when Tragedies like Hurricane Katrina happen some people will try and profit at the expense of all others. Some Cases of Gasoline Price-gouging always seem to follow Natural Disasters like Hurricane Katrina. Here are some key questions about gas pricing and what you should do if you feel you were a victim of Price-gouging. 1 - How are Gas Prices Determined ? Gas Prices are made up of 4 Components
Of the above 4 components of gas pricing the retail markup (the profit made by the gas station owner) is often the smallest. Crude Oil Prices (the Oil direct from the ground) and Refinery Costs (Turning the Raw oil into usable product like Gasoline and heating oil) are a large majority of the cost and profit. Even the State Taxes are often higher then the Retail Markup. 2 - Why do gas prices vary so much State to State ? The biggest reason especially in the case of Neighboring states like New York and New Jersey or Illinois and Missouri is state taxes. Gulf Cost States (Mississippi, Alabama, Louisiana, Texas) have lower gas prices then the rest of the country because they are closet to the Gulf of Mexico where about 1/2 of the Gas is Produced. 3 - What Should You do if you suspect price-gouging? Price-gouging is a very sensitive subject. Just because one gas station is charging 10%, 20% or even 30% more then others in the same area doesn't mean it is price-gouging? Before you report price-gouging check with websites like Gasbuddies.com to determine the national average price and your local price. Clearly if you paid 2 or 3 times the local price you were gouged. If you pay 50% or more above the average price it may be harder to determine price-gouging. If you feel you were significantly over charged for gas then save your receipt and contact your State Attorney General. The Department of Energy has a web site (gaswatch.energy.gov) where consumers can report suspected price-gouging BioDiesel Made Easy. - All you need to know about biodiesel, where to buy, how to make it and where to get more information. Witchcraft Exposed! - Powerful Spells about Love, Luck, Wealth, Money, Protection, etc. Guaranteed Results from the European Wizards. Great Affiliate.
You can find results from that and every other caucus and primary here. But as Romney heads into today's caucuses in Colorado and Minnesota, the national media are already reporting that he has already begun to "claim the mantle of presumptive nominee." But with so many primaries remaining - including those on Super Tuesday - can he really make that claim? Or is he, as one blogger says, the "presumptuous presumptive nominee?" Is Romney Really the Presumptive Nominee? Already? originally appeared on About.com US Politics on Tuesday, February 7th, 2012 at 05:48:04. Article Index: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 |
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Former Massachusetts Gov.