hj wrote:
I don't call jumping gas from $2.39 to $2.59 over night being competitive and they all seem to do it at the exact same time within hours of one another. Yes, dropping price would be trying to remain competitive.
But though you don't believe it..that's exactly what it is.
I worked at one. The managers check out the changes and respond accordingly.
Interesting.
The same situation prevails in New Zealand. We have all the 'majors' (BP, Caltex, Mobil etc) selling petrol here and the price hovers around NZ$9.00 per US Gallon. (we are on the metric system and pay per litre).
They all price their petrol down to the decimal of a cent per litre and usually all are almost or exactly the same.
Then we have a couple of private importers selling it, usually via self serve 'gas' stations. They can be as much as 10c/litre cheaper. Thats .40c per US gallon cheaper.
BUT, most of the majors offer loyalty discounts and usually this brings the price down to almost the sme as the little guys.
On top of that we have anti price fixing laws. If thats not price fixing hard to define what is.
The Government here are always threatening to have an inquiry in to petrol company profiteering but we never seem to get the result.
Soul Dr.
Loc: Beautiful Shenandoah Valley
TonyP wrote:
On top of that we have anti price fixing laws. If thats not price fixing hard to define what is.
The Government here are always threatening to have an inquiry in to petrol company profiteering but we never seem to get the result.
And as long as palms are getting greased, it ain't going to happen.
G Brown
Loc: Sunny Bognor Regis West Sussex UK
It happens in the UK too but our price is £1.29 per LITRE (5 to the gallon) we get to pay fuel tax and then 20% VAT on top of the taxed price....locally the prices range +/- 2 pence either way at any time. It has got to be a fix.....Monopolies commission anyone?
Hal81
Loc: Bucks County, Pa.
My son is retired now but he used to work in NJ. He always filled his car before coming home to Pa. It was the tax there was much lower in NJ.
One would think that when the station ordered their next shipment and the price differed from the last shipment that the prices would change then to reflect the change in price. Not for what another station charged of because it is a holiday weekend. The profit per gallon should remain unchanged unless their costs increase or decrease. With the exceptions for there yearly increase or a gov't tax increase.Perhaps i'm a dreamer?
I won’t buy Citgo or Lukoil, Venezualian and Russian.
In NJ, prices are ranging from 2.39-2.59.
Thanks to the Democrats our low taxes are a thing of the last. And with this new screwball of a Governor we have now, Phil Murphy, anything is possible as his list of giveaways to the bums and illegals grows everyday. I’m getting out in a few years as most people are. Property taxes are on average 8,000.00 for a modest home.
How’s PA looking ?
Many years ago, I knew a guy who worked for a gas company. He told me that he and others would conference call and set the prices. He also said that he would deny it if asked.
hj wrote:
Can someone in the petroleum industry (not guesses by everyone else) explain how gas stations all change their prices, up or down, at the same time? Seems like collusion to me.... and they use any excuse to jack the price including rumors on the world stage not facts.
In Orlando by the airport in St Rd 436 two stations are charge over $2.00 higher then all the other gas stations taking advantage of rental car returns. Bastard.
hj wrote:
Can someone in the petroleum industry (not guesses by everyone else) explain how gas stations all change their prices, up or down, at the same time? Seems like collusion to me.... and they use any excuse to jack the price including rumors on the world stage not facts.
can you say, "in cahoots"?
I was talking about this the other day with the guy who owns the station down the street. His profit on a gallon is about 3 cents. Our fuel is controlled by Chicago, I can drive an hour or so south and the gas is controlled by Louisville KY and on average 15 to 20 cents cheaper. Add on to that, Indiana added 10 cents per gallon "for the roads". Yeah right.
hj wrote:
Can someone in the petroleum industry (not guesses by everyone else) explain how gas stations all change their prices, up or down, at the same time? Seems like collusion to me.... and they use any excuse to jack the price including rumors on the world stage not facts.
They ride around to see what their competitors are doing on prices and the brave ones do not increase but sometimes, not often, actually reduce their prices to attract more business.
If you want to reply, then
register here. Registration is free and your account is created instantly, so you can post right away.