Wonder why gas prices vary from station to station? Professor explains what goes into price at the pump

Professor Kishore Kulkarni explains that gas price variations are due to multiple factors, including differences in wholesaler costs and whether the fuel is locally produced. Competition and customer behavior also play a role; stations with fewer competitors or those located on high-traffic routes like I-70 may charge more. Additionally, brand loyalty can influence consumer willingness to pay higher prices at their preferred station.