Here's something I don't understand: the hullabaloo about gas prices. As we know, I have some trouble with understanding some of the aspects of how gas prices work.
However, I don't get this graph. I know that some local price fixing goes on (you can't have gas two cents higher than the guy across the street) but why are gas prices so split by state? State taxes?
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The price of gas is actually cheaper in Montana than in Oklahoma, so I'm not sure about transportation.
Another thing I just thought of was ethanol subsidies. When gas is over about 2.someting in Iowa, the Iowa ethanol subsidy makes ethanol blends cheaper than gas. I bet that ethanol-subsidized price is what they are reporting.
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