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KMitch200
I have not yet begun
to procrastinate
posted Hide Post
quote:
Oil goes up, prices at the pump immediately go up based on “estimated replacement” cost.
Of course when prices go down, they seem much slower to respond and keep prices elevated based on what the wholsaie price was for what is currently in the tank.

This is the “rocket/feather” effect.
Possible gas increase in price and the rocket took off like a bat out of hell…they only come down at a floating feather rate.

A news station in Phx wanted to see what gas prices vs profit was. When gas prices went up, of course the profits were just marginal.
When the price of fuel went down however, the **VERY** slow decent of price at the pump was where they made a killing.
(They failed to mention that!)


--------
After the game, the King and the pawn go into the same box.
 
Posts: 4439 | Location: Central AZ | Registered: October 26, 2006Reply With QuoteReport This Post
roarindan
32nd degree
Picture of roarindan
posted Hide Post
I remember the little family run store/ gas station in my town, back when gas was $1.29 and rising Yvonne would call her supplier before she opened for business and adjust the price. up quickly...down not so much.


___________________



"the world doesn't end til yer dead, 'til then there's more beatin's in store, stand it like a man, and give some back"
Al Swearengen
 
Posts: 4674 | Location: East Overshoe, second buckle from the top. | Registered: January 20, 2007Reply With QuoteReport This Post
jljones
Sigforum K9 handler
Picture of jljones
posted Hide Post
quote:
Originally posted by KMitch200:
quote:
Oil goes up, prices at the pump immediately go up based on “estimated replacement” cost.
Of course when prices go down, they seem much slower to respond and keep prices elevated based on what the wholsaie price was for what is currently in the tank.

This is the “rocket/feather” effect.
Possible gas increase in price and the rocket took off like a bat out of hell…they only come down at a floating feather rate.

A news station in Phx wanted to see what gas prices vs profit was. When gas prices went up, of course the profits were just marginal.
When the price of fuel went down however, the **VERY** slow decent of price at the pump was where they made a killing.
(They failed to mention that!)


Why are you so angry and you won’t listen to the oil companies “facts”? Big Grin

They’re a bunch of swell guys who make pennies off of this. Just ask them.


________________
People hate you. Train like it.



 
Posts: 38486 | Location: Logical | Registered: September 12, 2004Reply With QuoteReport This Post
KMitch200
I have not yet begun
to procrastinate
posted Hide Post
quote:
They’re a bunch of swell guys who make pennies off of this. Just ask them.

Now that’s funny! Big Grin


--------
After the game, the King and the pawn go into the same box.
 
Posts: 4439 | Location: Central AZ | Registered: October 26, 2006Reply With QuoteReport This Post
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