is price gouging allowed?
- Thread starter jtk
- Start date
OhioBobcatFan06
Well-known member
I think gas stations do it quite a bit. It needs to be pretty blatant for them to get in trouble.
I have gotten pretty good about timing my gas purchases. I only fill up to keep my tank around 1/3 or 2/5 full until I see a price I like. This is less of an option if you drive a ton. My car gets pretty good mileage and I don't drive a ton of miles so I can stretch it out awhile.
I have gotten pretty good about timing my gas purchases. I only fill up to keep my tank around 1/3 or 2/5 full until I see a price I like. This is less of an option if you drive a ton. My car gets pretty good mileage and I don't drive a ton of miles so I can stretch it out awhile.
Auggie
Well-known member
Retail margins on gas are very slim, price goes up because gas futures go up. Also location dictates price, a location in a nice 'burb or in the hood is the highest; those in a blue colar area are the lowest.
BTW there is a reason why the corner gas station now looks more like the local 7/11, this is now where the local owner makes his profit. In the old days it was a mechanic's garage.
BTW there is a reason why the corner gas station now looks more like the local 7/11, this is now where the local owner makes his profit. In the old days it was a mechanic's garage.
OhioBobcatFan06
Well-known member
I have found some pretty good prices in the hood. Just gotta be careful they aren't lacing it with h2o
Auggie, I think that a more accurate statement would be that TYPICAL retail margins are pretty slim.
The fact is that many deliveries of gas arrive at the station at a low wholesale price, and the pump price jumps with the market easily 10 - 12% while much of that delivery is still in the holding tank. When the market falls, pump prices fall more slowly in most cases.
The fact is that many deliveries of gas arrive at the station at a low wholesale price, and the pump price jumps with the market easily 10 - 12% while much of that delivery is still in the holding tank. When the market falls, pump prices fall more slowly in most cases.