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2/13/2017

Topic Reading-Vol.1769-2/13/2017

Dear MEL Topic Readers,
The end of the filling station?
Gas stations. No matter how fuel efficient a gasoline-engine car is, it still needs to be pumped gas at some point. There used to be sufficient number of gas stations even in the large cities like New York or London. But quite a few number of them are gone while the number of gasoline fueled vehicles on the road has been increasing. Is that because newer cars are so fuel-efficient that the total gas consumption declined?
Despite the growing concern about the global warming, such technological advancement has yet to be seen. So why are there fewer gas stations in countries where there are more cars on the road?
Enjoy reading the article and learn the economics of gas stations.



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