On 05/04/2010 03:04 PM, HeyBub wrote:
Larry Jaques wrote:

Why do you think they don't try to reduce prices on oil? They make a
percentage, so the higher that is, the more money they rake in.

Who makes a percentage? Certainly not the gas station owner. He makes a few
cents per gallon irrespective of the price. In fact, the more the price
increases, the lesser percentage he makes.

Huh? Around here the prices across the city increase within half an
hour of each other. Decreases are less uniform.

If a station owner filled his tanks at price X and then raises his
prices a few percent when everyone else does, he's making that much more
profit.

Prices at the pump go up whenever there is the slightest hint of an
upcoming increase in the price of crude, and don't come down until crude
has been down for ages already.

Chris