Gas prices fluctuate due to consumer search behavior, impacting market competition.
The article looks at why gas prices can vary so much. By studying data from gas stations in the U.S., the researchers found that prices change a lot over time, but stay more consistent at stations on the same street. They also found that when there are more gas stations in an area, prices can be more different, and prices go up when it's harder for consumers to find the best deal.