A Layman’s Guide to Understanding Gasoline Prices
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These days it may be easier to predict with accuracy the weather for the next morning than the price of gasoline at the pumps. Indeed, if the price at the pump drops evens a penny it’s newsworthy, as gasoline prices hover around $3 per gallon in many places across the country.
As lawmakers clamor to address rising gas prices, the average American wants help understanding how those prices are determined.
Recently Tom Tanton, Senior Fellow with the Institute for Energy Research, joined CFIF Corporate Counsel & Senior Vice President Renee Giachino to discuss gasoline prices. What follows are excerpts from part one of the two-part interview conducted on “Your Turn ? Meeting Nonsense with Common Sense” that airs on WEBY 1330 AM, Northwest Florida’s Talk Radio.