1145092 _FI_ZonePricing_LKH

So Much For Perfect Competition

LOS ANGELES, CA. DEC. 18, 2012: Gas price difference on the Valero and the 76 stations on Dec. 18, 2012 at the intersection of North Figueroa Ave. and Ave. 26 in Los Angeles where a Chevron, a USA, a Valero and a 76 station occupy the four corners of the intersection. Zone pricing, a phenomenon where stations within a few blocks of each other charge different prices for fuel. (Photo By Lawrence K. Ho / Los Angeles Times)