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I'm reading (Cambridge Collocation in use) and find this sentence and I don't fully understand it.

There was good news for motorists today as pump prices were lowered by the major oil companies.

So pump here motor or what?

closed as off-topic by user3169, Varun Nair, ColleenV Jan 30 '18 at 21:28

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    pump prices is idiomatic shorthand for prices charged for what comes out of the pumps at filling stations (i.e. - the price of petrol/diesel at garage forecourts, as opposed to the price of fuel oil on the international spot market). – FumbleFingers Jan 28 '18 at 16:59
  • These are "pumps". google.com/… – Tᴚoɯɐuo Jan 28 '18 at 18:39
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In the context of prices to motorists and oil companies, "pump prices" means the prices of gasoline or petrol or similar liquid fuel sold in a retail station serving automobiles. The stations typically have multiple free-standing machines that pump the fuel from an underground tank into a hose having a nozzle that inserts into a vehicle's fuel tank fill pipe. Such machines are often called "pumps," and typically have the price of the product per unit volume (gallon, liter) on them in a display window.

So "pump prices" means the prices of automobile fuel per unit volume.

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