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Originally Posted by THGL
Here's my question. Why are gas stations allowed to raise their prices to current levels when the gas that's in their underground tanks was purchased at a much lower price?
Here's some hypotheticals: Let's say their last delivery was 3 days ago and they paid $2.25/gallon. Their mark-up is .25/gal. so the price to the consumer is $2.50. Why are they allowed to bump up the price 50 cents overnight (current price here in Louisville is $3.19)?
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Also you have to remember that not all stations have gas in the ground for three days. The last time I checked the Sheetz up the road was getting two trucks
every day to refil the in-ground tanks(very large Sheetz, pretty populated area). Also I'm sure plenty of other stations get at least one truck per day. So if the gas is purchased on a day to day basis it makes sense for the prices to change on a day to day basis.