Cart 0 $0.00
IRE favicon

Shop

Resource ID: #23011
Subject: Energy
Source: Star (Kansas City, Mo.)
Affiliation: 
Date: 2006-12-29

$0.00

Description

While fuel expands when it gets hot, retail pumps are not making a price adjustment to compensate for the energy lost by using hotter fuel. A century ago, the oil industry set a standard of 60 degrees for fuel temperature, and the Star found that gas in the United States is on average five degrees higher than this. At every level of distribution, a price adjustment is made to compensate for the expanding fuel, but not at the consumer pump itself. "The cost to consumers, by not equipping retail pumps to adjust for temperature, is $2.3 billion per year while state and federal governments lose hundreds of millions of dollars annually in fuel taxes."

109 Lee Hills Hall, Missouri School of Journalism   |   221 S. Eighth St., Columbia, MO 65201   |   573-882-2042   |   info@ire.org   |   Privacy Policy
apartmentpenciluserscalendar-fullcrossmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram
My cart
Your cart is empty.

Looks like you haven't made a choice yet.