heres something that got me thinking last night after me and my buddy had a conversation.
How can gas prices raise on a daily basis? most gas stations, depending on their volume, get gas once a week or so (for arguments sake) so the gas they have in their tank was bought when say gas was $1.90 per gallon.
one day after their tank is filled at $1.90 a gallon gas, prices jump $.04 to $1.94, yet the 10,000 gallons they have was bought at the $1.90.
shouldnt they wait until they get a new shipment of gas to charge the higher price?
Joined: Sun Oct 17, 2004 7:19 pm Posts: 39068 Location: Chapel Hill, NC, USA Gender: Male
Peeps wrote:
heres something that got me thinking last night after me and my buddy had a conversation.
How can gas prices raise on a daily basis? most gas stations, depending on their volume, get gas once a week or so (for arguments sake) so the gas they have in their tank was bought when say gas was $1.90 per gallon.
one day after their tank is filled at $1.90 a gallon gas, prices jump $.04 to $1.94, yet the 10,000 gallons they have was bought at the $1.90.
shouldnt they wait until they get a new shipment of gas to charge the higher price?
It's pretty much supply and demand. Of course, don't gas prices always follow a weekly cycle. Lowest on Wednesday morning, start to climb on Thursday, highest on Sat, Sun, & Mon, and then start to drop again on Tuesday?
That being said, I found two BP Cash Cards that VISA had sent me this morning in my glovebox that I had forgotten about. Talk about awesome timing!!!
_________________ "Though some may think there should be a separation between art/music and politics, it should be reinforced that art can be a form of nonviolent protest." - e.v.
Joined: Sun Oct 17, 2004 7:19 pm Posts: 39068 Location: Chapel Hill, NC, USA Gender: Male
Green Habit wrote:
tommymctom wrote:
Green Habit wrote:
I haven't bought gas in almost two weeks, but I've never had to pay over $2 for it in Idaho yet, thanks to competition.
wow, the gas stations where you are actually compete
Only a couple of them (Albertsons and Maverik), and it's not THAT much cheaper.
Yeah, I gotta start hitting Sam's Club more often.
_________________ "Though some may think there should be a separation between art/music and politics, it should be reinforced that art can be a form of nonviolent protest." - e.v.
im not complaining so much about the price of gas, just how they charge for it.
for example. today, gas here is $2.04 per gallon. for arguments sake, they just got all their tanks filled up to capacity. so that gas was purchased when gas was at $2.04 per gallon. tomorrow they decide that gas prices should be raised to $2.10 per gallon. but the gas is already in their tanks. no new gas was purchased at this price, so what has made the gas go up in price, if the gas was already produced before the raising of the prices
Joined: Sun Oct 17, 2004 12:25 pm Posts: 3567 Location: Swingin from the Gallows Pole
Peeps wrote:
heres something that got me thinking last night after me and my buddy had a conversation.
How can gas prices raise on a daily basis? most gas stations, depending on their volume, get gas once a week or so (for arguments sake) so the gas they have in their tank was bought when say gas was $1.90 per gallon.
one day after their tank is filled at $1.90 a gallon gas, prices jump $.04 to $1.94, yet the 10,000 gallons they have was bought at the $1.90.
shouldnt they wait until they get a new shipment of gas to charge the higher price?
Sweet crude oil is traded everyday in the commodities market. The price of oil is directly tied to the supply and demand of the commodities market. Crude oil may be $52 a barrell on Monday and $53 a barrell on Tuesday. It is a futures contract though.
End of thread.
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Sweet crude oil is traded everyday in the commodities market. The price of oil is directly tied to the supply and demand of the commodities market. Crude oil may be $52 a barrell on Monday and $53 a barrell on Tuesday. It is a futures contract though.
End of thread.
you just blew my mind
i guess i just cant comprehend how something is made and shipped out and bought at one price, and then before that supply runs out, the price is raised, even though its already been made, processed and ready to be consumed
Joined: Sun Oct 17, 2004 12:25 pm Posts: 3567 Location: Swingin from the Gallows Pole
Peeps wrote:
Zutballs wrote:
Sweet crude oil is traded everyday in the commodities market. The price of oil is directly tied to the supply and demand of the commodities market. Crude oil may be $52 a barrell on Monday and $53 a barrell on Tuesday. It is a futures contract though.
End of thread.
you just blew my mind
i guess i just cant comprehend how something is made and shipped out and bought at one price, and then before that supply runs out, the price is raised, even though its already been made, processed and ready to be consumed
Billy Squire sang it the best, "Everybody wants you."
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Joined: Sun Oct 17, 2004 7:19 pm Posts: 39068 Location: Chapel Hill, NC, USA Gender: Male
Peeps wrote:
you guys are sorta missing the point.
im not complaining so much about the price of gas, just how they charge for it.
for example. today, gas here is $2.04 per gallon. for arguments sake, they just got all their tanks filled up to capacity. so that gas was purchased when gas was at $2.04 per gallon. tomorrow they decide that gas prices should be raised to $2.10 per gallon. but the gas is already in their tanks. no new gas was purchased at this price, so what has made the gas go up in price, if the gas was already produced before the raising of the prices
My guess is that they raise prices in anticipation. If they kick it up by 4 cents in the middle of the week, then they don't have to make a suddent jump by 8 cents when the new shipment comes in.
_________________ "Though some may think there should be a separation between art/music and politics, it should be reinforced that art can be a form of nonviolent protest." - e.v.
Joined: Sun Oct 17, 2004 4:34 am Posts: 12700 Location: ...a town in north Ontario...
I don't know... there's something ironic about the way gas prices rise here.
It'll slowly go down a few cents a week for three or four weeks. Then we'll get to a long weekend when we have our Heritage Festival and thousnads of people come to the city and it'll jump up by as much as ten cents so that it's higher than when it started dropping. It ALWAYS goes up a significant amount before a long weekend, and the companies say it has nothing to do with timing.
_________________ I think we relinquished enough... and it's still dark enough... and it goes on and on and on...
Joined: Sun Oct 17, 2004 1:14 am Posts: 37778 Location: OmaGOD!!! Gender: Male
just_b wrote:
Peeps wrote:
you guys are sorta missing the point.
im not complaining so much about the price of gas, just how they charge for it.
for example. today, gas here is $2.04 per gallon. for arguments sake, they just got all their tanks filled up to capacity. so that gas was purchased when gas was at $2.04 per gallon. tomorrow they decide that gas prices should be raised to $2.10 per gallon. but the gas is already in their tanks. no new gas was purchased at this price, so what has made the gas go up in price, if the gas was already produced before the raising of the prices
My guess is that they raise prices in anticipation. If they kick it up by 4 cents in the middle of the week, then they don't have to make a suddent jump by 8 cents when the new shipment comes in.
That's pretty much correct from what I understand. Also, the prices are not determined by the individual owner, or at least they are given daily suggested prices from the big company based on location, taxes, competition, and of course, actual cost of the fuel.
_________________ Unfortunately, at the Dawning of the Age of Aquarius, the Flower Children jerked off and went back to sleep.
Couldn't you look at it the other way too. Sometimes the price of crude drops. So should the gas stations wait until all their more expensive inventory is gone before they lower the price?
Couldn't you look at it the other way too. Sometimes the price of crude drops. So should the gas stations wait until all their more expensive inventory is gone before they lower the price?
honestly, i wouldnt blame them for doing that. its sorta like kool aid hunting me down saying, that full container you have in your cupboard went up in price, you owe us a $1
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