Understanding the Ups and Downs of Gas Prices - Going Beyond the Pump

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Jul 21, 2014, 10:00 ET

CHICAGO, July 21, 2014 /PRNewswire/ -- Do you ever wonder why the price at your nearest gas station changes from day to day? With summer season in full swing, people across the U.S. are packing up their cars and taking off for vacations, contending with fluctuating fuel prices at gas pumps along the way. In fact, U.S. travelers just paid the highest Fourth of July weekend gas prices since 2008. But what goes into determining the price of gasoline? Who makes those decisions, and when do they get passed on to you, the driver? To understand, you need to consider the whole story.

Infographic: The Story of Oil at a Glance (PRNewsFoto/CME Group)

Photo - http://photos.prnewswire.com/prnh/20140718/128704
Logo - http://photos.prnewswire.com/prnh/20140123/AQ51408LOGO

Futures Fundamentals (www.futuresfundamentals.com), the new online resource aimed at helping educators, students, and the general public understand how markets and commodities impact everyday life, now provides an easy-to-follow road map of how crude oil gets from under the ground to into your tank, and the costs incurred along the way.

Brought to you by CME Group, the world's leading derivatives exchange, the video and interactive infographic on Futures Fundamentals details the Story of Oil from extraction, through transportation and storage, to the global oil marketplace, and eventually into the gas pump at your local station.

Futures Fundamentals, launched earlier this year, also tackles complex topics like mortgage rates and food prices, all in a style that will work for an economics teacher or a novice. Visit Futures Fundamentals today to better understand the market forces in the world around you.

About CME Group
As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex^® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.

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SOURCE CME Group