Gas Prices Explained

…by way of a neighborhood barbecue.

MarxFoods.com/Flickr

As a summer pastime, griping about rising gas prices ranks right up there with backyard grilling.  Summer 2012 was slated to be a nonstop kvetching session: In spring, experts were predicting we’d pay $4 a gallon by season’s end.

Instead, in a repeat of a now common summer experience, prices dropped. Americans were left to grouse about a jump to a national average of just $3.42 for the month of July.

Why do we get this so wrong so often? To answer that, you have to learn how gas prices really work.

To keep reading, click here.

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The Climate Desk is a journalistic collaboration dedicated to exploring the impact—human, environmental, economic, political—of a changing climate. The partners are The Atlantic, Center for Investigative Reporting, Grist, The Guardian, Mother Jones, Slate, Wired, and PBS's Need To Know.