With gas prices up nearly a dollar a gallon since the U.S. and Israel attacks on Iran began, Americans are asking questions about fuel prices.
You want to know:
– Why do gas prices vary from state to state?
– How does the barrel price of oil affect prices at the pump.
– Why do price changes happen so fast?
– Doesn’t the U.S. have vast oil reserves? How vast are they?
– Why doesn’t the U.S. distribute those reserves when global prices increase?
– Is it cheaper to own an electric car?
I live in Washington state and have traveled to Florida, Minnesota and Arizona over the past few months. The differences in gas prices in just those four states are pretty dramatic.
Washington is one of the top five most expensive places to buy gasoline. The other four are California, Hawaii, Oregon and Nevada.
