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Old 08-30-2005, 01:42 PM  
Skip Towne Skip Towne is offline
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Gas Prices

A Tulsa radio station reported today that the retail price rose by 13 cents yesterday while the wholesale price declined 3 cents. I'd like to hear an explanation of that.
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Old 08-30-2005, 01:46 PM   #2
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My General Manager was told today that tomarrow gas will go up .24 here. Of course this station is a bit high, but I doubt they raise it more than everyone else. That would make regular unleaded $2.70
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Old 08-30-2005, 01:48 PM   #3
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Retail is suggested by distributor (or so I've been told)

wholesale is what they distributor pays.
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Old 08-30-2005, 01:49 PM   #4
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Donger will be here to explain why we aren't getting screwed.
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Old 08-30-2005, 01:50 PM   #5
Dr. Facebook Fever Dr. Facebook Fever is offline
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We heard here yesterday that gas was going over $3 by the end of the week.
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Old 08-30-2005, 01:52 PM   #6
gblowfish gblowfish is offline
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Regular unleaded went from $2.51 on Sunday to $2.79 at the Quik Trip down the block from me today. That's .28 in 48 hours. I can't believe they've burned through their in-station stock in 48 hours to justify such an increase. Premium Unleaded was $2.99.

Can you say Halliburton?
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Old 08-30-2005, 01:53 PM   #7
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Quote:
Originally Posted by Saulwhippedguy
Donger will be here to explain why we aren't getting screwed.
Heh.

It's pretty simple really. All of the retailers buy at pretty much the same price, and determine their own retail pricing. Whether or not they drop their price after the wholesale price drops is more or less up to them, generally caused by competition from other stations near them.

As to not getting screwed, we are. We've screwed ourselves.
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Old 08-30-2005, 01:53 PM   #8
Skip Towne Skip Towne is offline
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If the natural gas sellers raised prices like this they would get slapped down by the FCC. Gasoline is just as necessary to people as natural gas so why isn't it regulated?
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Old 08-30-2005, 01:54 PM   #9
Dr. Facebook Fever Dr. Facebook Fever is offline
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Quote:
Originally Posted by gblowfish

Can you say Halliburton?
That can't be it. The administration in Washington would never do anything that wasn't in America's very, very, very best interests.
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Old 08-30-2005, 01:54 PM   #10
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Quote:
Originally Posted by gblowfish
Can you say Halliburton?
Sure. What do they have to do with the retail price of gasoline?
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Old 08-30-2005, 01:55 PM   #11
Dr. Facebook Fever Dr. Facebook Fever is offline
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Quote:
Originally Posted by Saulwhippedguy
Donger will be here to explain why we aren't getting screwed.
nice call...
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Old 08-30-2005, 01:56 PM   #12
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Old 08-30-2005, 01:56 PM   #13
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Quote:
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nice call...
All I can do is try.
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Old 08-30-2005, 01:59 PM   #14
Donger Donger is offline
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Quote:
Originally Posted by Skip Towne
If the natural gas sellers raised prices like this they would get slapped down by the FCC. Gasoline is just as necessary to people as natural gas so why isn't it regulated?
Here's a good read for you: http://csmonitor.com/2005/0829/p01s01-usec.html
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Old 08-30-2005, 02:00 PM   #15
Saulbadguy Saulbadguy is online now
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Quote:
Originally Posted by Donger
Heh.

It's pretty simple really. All of the retailers buy at pretty much the same price, and determine their own retail pricing. Whether or not they drop their price after the wholesale price drops is more or less up to them, generally caused by competition from other stations near them.

As to not getting screwed, we are. We've screwed ourselves.
What about the gas already in their tanks? They bought that at a lower wholesale price, yet they raise the price of it.
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