2min chapter

Planet Money cover image

Breaking down the price of gasoline

Planet Money

CHAPTER

Oil Buyers and Sellers and Brokers Are a Gigantic Bunch

Sarah and Nick's broker starts calling up basically every oil company, every seller in the world. There are these like professional gossips whose job it is to call around and poll people. They turn around and they sell that pricing information to brokers. And there have been issues of false reporting, although they claim they're very good at checking.

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