Originally posted by Rusty Bumper
She told me the reason for that was because they will not drop the price of their product until it's all sold out for the price that they paid for it.
She told me the reason for that was because they will not drop the price of their product until it's all sold out for the price that they paid for it.
One of the stations that I pass frequently were raising their prices every few hours after the initial jump. I stopped and asked why they were doing that. The answer was that they wanted to be able to afford their next shipment, and they didn't know how expensive it would be.
So regardless of how much the gas in already in their tanks cost them, they were selling for a greatly inflated price. BUT, it took ages for them to lower the price.
I firmly believe that when prices fluctuate, most gas stations end up coming out ahead because they always leave the prices up for longer than it takes them to recoup.
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