Yuma, Arizona (NAPSI) - Are you one of the millions of Americans who will load up their car this summer and head out for a weekend getaway? If you are, you might be paying the price at the gas pump.
Across the U.S., consumers paid the highest average price for gas on the Fourth of July since 2008. Like many, you may question why gas prices peak in the summer. What goes into the price of gas? To understand why, you need to consider the whole story.
Futures Fundamentals (www.futuresfundamentals.com), the new online resource brought to you by CME Group-the world’s leading derivatives exchange—now provides visitors with an easy-to-follow road map of just how and where the decisions are made that determine the price of fuel.
Futures Fundamentals’ latest tutorial, “Story of Oil,” takes learners on a journey from the ground to the pump through an engaging video and infographic. From extraction to price discovery at the exchange, and finally to the gas station, the journey of gasoline broadens visitors’ understanding of how the world around us works.
The “Story of Oil” is just one of the concepts made simple on the site, which also tackles complex topics like food prices and mortgage rates. “Futures Fundamentals is a relatively new site, but we’re already hearing from teachers that it’s helping their students understand complicated issues. We’re going to continue developing this type of useful content that helps people understand the economics of the world around them,” said Anita Liskey, CME Group Managing Director, Corporate Marketing & Communications.
Visit Futures Fundamentals today to uncover the story behind oil and start learning how the marketplace impacts the world around you.