Re: OT- Gas jumped .29¢ here, how about yours?

Sandi wrote:

The price they paid for gas last week is irrelevant considering the increased risk that they won't have gas next week to replace what they sell. Ignoring that reality would certainly benefit you, but it could be very costly for them. They have to pay to replace the gas being sold...you're assuming they have a large cash reserve to do that with or that the gas is consigned to them. Plus, when there are large fluctuations like this, there is a greater risk for them to get stuck with overpriced inventory. Their competitor might get a delivery at a lower price and then they'd have to eat the difference in order to stay competitive.

I don't like it any more than the next person, but there are many reasons for station owners to raise the price immediately.

That makes no sense whatsoever. They are overpricing their inventory THEMSELVES. They paid x for the gas, were charging y for the gas, heard that gas may go up, and raised the price to z without ever paying q for it.

Yes it does when you consider they get gas deliveries at least once a day, if not two or three times.

My husband's store goes through 1-2 tanker trucks of gas per day and what he charges is totally dependent on two or more significant price fluctuations. It really DOES move that fast--you'd think it was a freakin' trading floor the way it moves.
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