WTI Oil at $109/$110 a barrel--Sun Evening

116,114 Views | 982 Replies | Last: 13 hrs ago by No Spin Ag
Kansas Kid
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No doubt they aren't colluding. If they were, prices would never go down. As others stated, gasoline is a low margin business and can even be a loss leader to get inside store sales.

I was trying to highlight gas price jumps of $0.15-$.0.25 aren't unusual but I should have added it was to try to avoid losses on gas sales and it is usually after a period where they were absorbing wholesale increases.
AgFan1974
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Deerdude said:

Sure and there's two angles I guess they use. You can try to be a little lower to generate sales, or be forced to keep as low as the other guy to retain some sales.
I'm a fuel price shopper. I have 130 gallon capacity in my truck including 70 gallon aux tank in bed. I use fuel from reserves where it's expensive and fill up where cheap. Headed thru Laredo today. It's $.20 cheaper there. I'll top off .

I fill up at a spot I know I will not have to go inside for my receipt. The extra $2/tank is a bargain put up against navigating through the sea of crap that is Concur and HR.
flown-the-coop
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AG
Just want to point out that the gas price apps sort of render direct collusion irrelevant. Why break the law when you have all the data you need and can use software to respond to price adjustments of competitors automatically, realtime and the magic sign at the street updates accordingly, feeding back into apps as a new data point for others.
No Spin Ag
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aggiehawg said:

Deerdude said:

I'd argue that while they may not collude face to face, they make sure that prices are comparable to the guy down the street.

Very competitive market those gas stations are in.


Someone channeled their inner Yoda it seems.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
 
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