TheCatsDomain.Com Message Boards: I don’t understand

This is topic I don’t understand in forum General Chat at TheCatsDomain.Com Message Boards.

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Posted by Jarcat (Member # 95) on 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?

Posted by Tiptree (Member # 844) on 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...

Posted by boomdaddy (Member # 2644) on 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.