If I set the CSS margin properties of a div like so:
div { margin-left: auto; margin-right: auto; }
I get a div which is centered horizonta
The short answer is the spec says so.
10.6.2 Inline replaced elements, block-level replaced elements in normal flow, 'inline-block' replaced elements in normal flow and floating replaced elements
If 'margin-top', or 'margin-bottom' are 'auto', their used value is 0.
http://www.w3.org/TR/CSS2/visudet.html#Computing_heights_and_margins