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Gasoline prices – The daily blog of behavioral and cognitive economics

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Gasoline prices – The daily blog of behavioral and cognitive economics

When Tradeoffs Don’t Matter

Yesterday, New Jersey proclaimed that it was lifting the ban on self-service gasoline stations. Then, continuing, “We encourage New Jerseyans to familiarize themselves with gas pumps as this change is in effect immediately, April 1, 2026.” April Fools!! At first panicking and then realizing it was an April Fools prank, I was relieved. Like many of my neighbors, we like pulling up to a gas tank and just asking the attendant to fill it up. Full Service Gasoline Stations. Shaded red, New Jersey is the only full service state for dispensing gasoline. ….[READ]

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