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PRESIDENT'S MESSAGE
Gasoline, diesel, jet fuel, and other refined petroleum product prices have jumped in response to conflict in the Middle East. Businesses and residential customers are all paying more, yet no one is picketing outside gas stations or airports. Why? Because they understand there is a significant difference between “price makers” and “price takers.”
Intuitively, the public understands that their local filling station has little control over the price it can charge to fill up a car or truck. Your local gas station is a price taker. It has no say over the price of a barrel of oil, the cost of refining petroleum products, the expense of transporting fuel to the station, the highway tax charged per gallon, or countless other factors. Read more >
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