Forum Discussion
80 Replies
noe-place wrote:
Here in our town the local stations are all controlled by a mysterious cabal that keeps every station in town at the same price.
When I started reading this reply I was thinking of Radio/Television/Newspaper which seems to have the same thing, They all have their "Topic of the week" it seems, All the above (And in the case of TV both National and local) cover the same "Scandal of the week" IE: Fast Food.. Every one of them, Talk shows (What is the formar Regis show called) GMA, Today, Local news, Local talk shows, Radio and newspaper.
However: when it comes to gas stations... Unless it is like a two station town that suggests illegal monolopy-ism you should perhaps send a letter or two to the Attorney General (State and US) and see if perhaps they can find the puppet masters.- Not correct at all. Oil is traded on the world commodity market, which determines pricing. OPEC has influence, based on how they manage output, but their power to influence prices is now significantly compromised by the large increase in drilling/fracking in the rest of the world.
NYCgrrl wrote:
The cost of crude is controlled by organisations like OPEC which the USA is not a member of. Now if one of the members decides to set it's own prices, drop production, etc. for internal reasons, it can and does. captnjack wrote:
wannavolunteerFT wrote:
Gas here went from 2.58 at 0730 of election day to 2.75 by 1700. that's 18 cents during one day. I has gone back down a bit to 2.70 since then, not back to where it was just a week ago. When the price increases 18 cents in less time than the polls are open, I can't help but think that politics has some play in pricing, somehow. I understand supply and demand but can't link these price changes to supply and demand.. at least the way it was taught to me in business school.
How could politics possibly have something to do with an 18 cent increase in less than one business day? The only entity that could affect prices that quickly is the station owner.
It doesn't but then it's not the station owner either. The station owner can decide to raise profits by a penny or two and that's about it. The cost of crude is controlled by organisations like OPEC which the USA is not a member of. Now if one of the members decides to set it's own prices, drop production, etc. for internal reasons, it can and does.- Here in our town the local stations are all controlled by a mysterious cabal that keeps every station in town at the same price. No one knows who they are but every weekend prices jump exactly the same amount all over the city then they all drop back down the first of the week. Currently they are at $2.84 regular and about $3.04 premium 93. Projections for 2015 are currently saying regular will run about $2.94 regular on average. Should per barrel prices stay about $83 there will be a lot of rv'ers taking much longer trips. Here's hoping.
DutchmenSport wrote:
camerforlife .. Pendelton, Rickers.
That makes sense, I knew it had to be a loyalty program of some sort to get it down to $2.32. Walmart & Kroger have been fighting it out here & went down to $2.69 tonight.- IMO, oil and gas pricing is a bit more complex than some of the single-cause ideas expressed in this thread. No one has even touched on the difference in quality between different sources of crude. Also, when the majors are trading North Slope crude for Red Sea vouchers, it becomes ever more tricky to define dependence, import strategy, and such. I'm thinking that the quality of the Bakken oil is having a pretty big effect on refining and strategy in oil marketing.
wannavolunteerFT wrote:
Gas here went from 2.58 at 0730 of election day to 2.75 by 1700. that's 18 cents during one day. I has gone back down a bit to 2.70 since then, not back to where it was just a week ago. When the price increases 18 cents in less time than the polls are open, I can't help but think that politics has some play in pricing, somehow. I understand supply and demand but can't link these price changes to supply and demand.. at least the way it was taught to me in business school.
How could politics possibly have something to do with an 18 cent increase in less than one business day? The only entity that could affect prices that quickly is the station owner.- camerforlife .. Pendelton, Rickers.
DutchmenSport wrote:
I hate to drum up an old idea that seemed to get a lot of folks agitated, but I just filled up the car with Regular gas. It was $2.99 today. One week ago it was $2.32, same gas station.... yup ... the elections are over all right!
$2.32???? Dutch where on earth was this? You are only 40 miles from me and we have had the cheapest gas in most of Indiana @ $2.70 as Kroger and Walmart battle it out. I would guess your price jump was on a Thursday since Marathon/Speedway jumps every Thursday by $0.25 to grab everyone's paychecks and then drops again on Sunday.- Gas here went from 2.58 at 0730 of election day to 2.75 by 1700. that's 18 cents during one day. I has gone back down a bit to 2.70 since then, not back to where it was just a week ago. When the price increases 18 cents in less time than the polls are open, I can't help but think that politics has some play in pricing, somehow. I understand supply and demand but can't link these price changes to supply and demand.. at least the way it was taught to me in business school.
