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1. Gas Stations

The Economics of Everyday Things

00:00

Why Don't Gas Station Owners Charge More?

On average, a gas station sells roughly $4,000 of gas every day. At $0.07 per gallon, that's a daily profit of around $300. Station owners tend to insulate their customers from the ups and downs of the oil market. But when prices finally fall, well, they don't pass along the savings right away.

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