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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1033 |
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Consumers in isolated areas may have to choose between higher local prices and the inconvenience of driving some distance to a lower-priced choice. In addition, competitive differences can be significant between regions with only one, or a few gasoline suppliers versus regions with a large number of competitors in close proximity ("EIA Brochures", 2004)...
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Prices will remain high if the transportation system cannot support the flow of surplus from one region to another ("EIA Brochures", 2004).
California consumes substantial amounts of gasoline ? about 16 billion gallons per year. Crude oil, the primary component of gasoline, comes from within-state oil wells (42%), Alaska (22%), and foreign sources (36%)...
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