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re: This feels like a race to the ceiling re:gas prices.
Posted on 3/5/22 at 4:01 pm to TutHillTiger
Posted on 3/5/22 at 4:01 pm to TutHillTiger
quote:
This is pure arse price gouging. I remember 30 years ago he econ professor explained it like this.
As soon as gas station owners find out that gas is going to be more expensive they raise the prices on the pumps even though the gas and their storage tanks has not increased in price one fricking penny. When gas prices have sudden decreases, they don’t do the same thing.
I said many a time that the average Joe screaming to expect hikes causes a percentage of the swing and pushes up the timeline
The second they have cover of expectations they eat up that profit
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