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How does that happen I stopped in the morning on the way in to work and filled up my gas tank for 115gallon or roughly 13 a tank and then just ten hours later the same gas station the same grade of gas is 110gallon If I had only waited I could have saved enough money to buy a candy bar or a can of pop for my much-needed afternoon sugar break But of course it has worked the other way in the past There have been plenty of times when I have waited until the afternoon to stop and the price suddenly goes up I just cant win I even started keeping a diary of my fill-ups when I bought my new car last May I track the price per gallon total amount spent and the miles traveled on that tank I was more interested in my miles per gallon but I have noticed that in one three month time span gas prices have ranged from 88 to 122 per gallon at the same station Ive always known that the price of gasoline depended on various factors but have never spent much time pondering why I know that competition with other gas stations in the area has something to do with it as well as the price of the materials labor costs environmental concerns and the on-going battle with Saddam Hussein and the Middle East But what is the ONE reason gas prices change so much in such little timeOPEC an intergovernmental organization dedicated to the stability and prosperity of the petroleum industry supply more than 40 percent of the worlds oil and as an organization is instrumental in determining gas prices After its formation in 1960 with five member countries Iran Iraq Kuwait Saudi Arabia and Venezuela six other countries joined to form todays total of eleven Those countries and the dates they joined are Quatar 1961 Indonesia 1962 SP Libyan AV 1962
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