"PUMP PRICES","PRICE HIKE" and "STATE-RUN PETROLEUM COMPANIES".What do they mean?...

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songnhi

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...Explain for me, please.? please explain for me their meanings (because i have to finish the report in English. I don't understand clearly the meanings of those words).
THANKS A LOT!^^
 
Pump Prices are the prices charged for gas at the gas station. $2.49/gal here, today.

Price hike = price increase.

State run means that they company is owned by the government. We don't have those in the US. Yet.
 
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