OPEC (Organization of Petroleum Exporting Countries) was the primary determiner of gas prices. Now it’s more an influence of NACS (National Association of Convenience Stores). They set prices in blocks to maximize profits while remaining fairly competitive in a region.
OPEC (Organization of Petroleum Exporting Countries) was the primary determiner of gas prices. Now it’s more an influence of NACS (National Association of Convenience Stores). They set prices in blocks to maximize profits while remaining fairly competitive in a region.