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Author
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Topic: I don’t understand
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Jarcat
Player
Member # 95
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posted 08-01-2018 11:28 AM
Yesterday gas was $2.65. Today it’s $2.95. What has happened over night to cause this jump?
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The truth is out there
Posts: 3014 | From: Lexington, KY | Registered: Sep 1999
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Tiptree
Administrator
Member # 844
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posted 08-01-2018 01:39 PM
It went from $2.65 to $3.15 here. I am told that gas stations charge based upon their projected cost of gas in the next tanker-full that they will buy. So, the pricing is based upon the near-term futures market... which can be volatile.
It seems like 30-50 cent upward moves are common, but downward moves are far more 'gentle'. Go figure...
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Tiptree
“If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and never will be.” Thomas Jefferson
Posts: 13672 | From: Terre Haute, IN | Registered: Sep 2000
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boomdaddy
Player
Member # 2644
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posted 10-05-2018 01:38 PM
I firmly believe they spike the price, whenever they think it will be a heavy travel weekend.
I have noticed that prices spike on different days for different towns.
If a certain town spikes it on a certain day, the consumers will get used to buying their gas a day or two before that day. Then, they will switch the "spike" day to catch people witgh empty gas tanks and collect the higher price.
Posts: 8791 | From: paris, ky | Registered: Mar 2006
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