How is 'average' price of gas calculated?
If I fill my tank, 30gal at $3.50 and the grandkids in Arkansas buys 10gal at $2.90 is the "average":
I ((30*3.50) + (10*3.40))/50=3.35 or is it
II (3.50 + 3.40)/2 = 3.45?
The "average" reported by the media seems rediculiously low to some of us Western US peple. Like they averaged an Arkansas price and a California price without taking into account that the California driver buys 3 times as much.