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How Refining Capacity Affects Gasoline Prices A Classic Story of Supply and Demand

On May 15, 2006, the national average price of regular grade gasoline was .95 per gallon, representing a 3.8% increase over the previous week.

Source: http://www.ftc.gov/rss/text/gascolumn.xml

 


Gasoline or petrol is a petroleum-derived liquid mixture consisting mostly of hydrocarbons and enhanced with benzene or iso-octane to increase octane ratings, used as fuel in internal combustion engines.

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