Thursday, 24 April 2004, CNN Money ran an interesting article called Gouging myth out of gas1 that further explained how the myth that gas stations participate in "price gouging" is unlikely, at best -- and it casts an eye toward the primary culprit through the use of some very interesting facts and figures.
Image created by GreyHawk using Microsoft Excel, based on the percentages provided in the article.2
Note: Excel automatically changed the 72% to 71% because the total of the figures provided added up to 101, not 100.
According to the article, some people assumed that gas station owners get a bigger slice of the approximately $3.50 per gallon than they actually do -- but several suspected something much closer to the truth.
