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$3.69-$3.89 Where/when does it end?


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On 8/7/2022 at 8:04 AM, Erik88 said:

If almost feels like price fixing. Are gas stations choosing not to lower their prices in certain areas

I believe, but am not certain, that the major gasoline companies dictate the prices at the various stations. I believe I read that years ago. In other words, your local Shell station / convenience store doesn't set its own prices. I image that some of the independent stations get to, though. 

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4 hours ago, Darrell said:

I believe, but am not certain, that the major gasoline companies dictate the prices at the various stations. I believe I read that years ago. In other words, your local Shell station / convenience store doesn't set its own prices. I image that some of the independent stations get to, though. 

Gas prices are speculative. Gas stations buy it from the distributor at the price at the time. The variance comes from when the gas station bought the reserves. Some stations buy up front when prices are low on contract and so pump prices stay lower longer. Some have to buy when they can and buy at the price of the moment. It's no different than any other commodity. 

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On 7/22/2022 at 8:45 PM, gregintenn said:

We’re back down to the prices the OP was complaining about, but now we’re happy about it. Perspective is a funny thing.

It's like Stockholm Syndrome. Torture us with crippling prices for ages then back off a bit with the pain pretending compassion. The memory of why this is all happening in the first place and how bad it was is erased by the relief felt. 

Well my memory is strong and I'm not feeling gratitude. 

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On 7/22/2022 at 9:45 PM, gregintenn said:

We’re back down to the prices the OP was complaining about, but now we’re happy about it. Perspective is a funny thing.

Prices aren't down. They're still up $1.30-1.40 since 2020.

Maybe you're happy, me & many others aren't.

Edited by AuEagle
Typo
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It is what it is. This is something we cannot change. The major oil companies held the line and made record profits. As usual some of you are angry at the wrong person.  If you’re really angry, stop buying gas. Capitalism baby!

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