In this episode, we dive into the mystery of why gas prices fluctuate so much from day to day. We discuss:The concept of inelastic demand and how it affects gas prices.The impact of global events on crude oil prices and the ripple effect on gasoline prices.How gas stations adjust prices based on market speculation and future costs.The role of competition and strategies like loss leaders in gas pricing.The balancing act gas stations perform between fuel sales and inside store profits.Tune in t...