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Why does bottled water cost more than gasoline?

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This question can be answered using Diamond-Water Paradox: DIAMOND-WATER PARADOX: > The apparently conflicting and perplexing observation that water, which is more useful than diamonds, has a lower price than diamonds. read more

People buy more litres of gasoline at one go whereas they often buy lesser quantities of bottled water. Hence they don't feel that pinch when they buy overpriced water because the quantity is less. E.g. it's easy to spend $5 over 20 days than spending $100 at once. read more

Gas station in more than half of U.S. states now sell gas for less than $2 a gallon, a welcome relief to drivers and a boost to businesses that spend huge amounts on fuel. But consumers be even more thankful as gasoline (even at higher prices) is still cheaper than buying a gallon of sparkling water. read more

Think about how expensive it is to drill for oil, to bring it over from the Middle East and to refine it. read more

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