With gas prices steadily increasing, several states report that people are finding extreme ways to steal fuel from gas stations and each other.
A man in Phoenix is losing hundreds of dollars each day after shaving nearly 50 cents off per gallon at his gas station to help customers weather skyrocketing fuel prices. Jaswiendre Singh, who runs the business at the corner of Osborn Road and 20th Street, showed Arizona’s Family on Wednesday that he buys gas from a supplier for $5.66 per gallon but sells it for just $5.19 per gallon. Singh started offering discounts as early as March, decreasing the gas station’s purchase price by 10 cents.
Oil prices are based on trading in global commodity markets. Thus, global consumption, not just U.S. consumption, is the major driver. So what does the future look like?
Oil prices are based on trading in global commodity markets. Thus, global consumption, not just U.S. consumption, is the major driver. So what does the future look like?