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    How Gas Prices Are Determined

    by Jim Patterson May 17, 2022 2 minutes

    Gasoline prices have been dropping for months, reversing the equally dramatic rise they embarked on this spring. From a peak of $5.02 per gallon of regular, the national average is now down to $3.68. Drivers suffering from price whiplash might be asking "Who controls gas prices?" The short answer is: No one person, company or

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