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In Chicago, some pumps are charging nearly $4.50 a gallon, while in Texas, residents are getting a relative bargain, paying a wee $3.53 at some stations. The Takeaway asks what are the forces behind these regional variations. Economist Robert Pindyck thinks he has the answer.
In Chicago, some pumps are charging nearly $4.50 a gallon, while in Texas, residents are getting a relative bargain, paying a wee $3.53 at some stations. The Takeaway asks what are the forces behind these regional variations. Economist Robert Pindyck thinks he has the answer.