- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Do gas stations set new pump prices every hour when oil prices are on the rise?
Posted on 10/12/22 at 5:49 pm to CouldCareLess
Posted on 10/12/22 at 5:49 pm to CouldCareLess
Start pedaling. Time to liquidate your 70K GMC baw. Truck nuts on the back of your KIA
0
Posted on 10/12/22 at 6:00 pm to troyt37
quote:
You can't be selling gas at $2.79 per gallon when your replacement cost is $2.79, you won't be in business long.
You also won’t be in business long if your ability to pay for tomorrows wholesale gas depends on your ability to sell todays retail gas.
Also it would be helpful to know what tomorrows wholesale price will be
Posted on 10/12/22 at 6:02 pm to GumboPot
quote:
They price it at whatever price then can sell it.
This is the only honest answer in the thread.
Posted on 10/12/22 at 6:03 pm to weagle99
[quote]The new gas coming in could be more expensive than what is in the tank.[/quote
Or it could be less.
Or it could be less.
Posted on 10/12/22 at 6:05 pm to CouldCareLess
The reality is this.
They sell the gas for as much as they think they can sell it for.
Has nothing to do with the expected price on the next delivery. If it did… prices would move downward just as erratically as they move upward.
Further, many gas stations are buying their supply via a long term contract that’s not at the spot rate.
They sell the gas for as much as they think they can sell it for.
Has nothing to do with the expected price on the next delivery. If it did… prices would move downward just as erratically as they move upward.
Further, many gas stations are buying their supply via a long term contract that’s not at the spot rate.
This post was edited on 10/12/22 at 6:06 pm
Posted on 10/12/22 at 7:04 pm to CouldCareLess
Costco actually seems to wait until the previous tank is empty and refilled before raising or lowering prices.
Posted on 10/12/22 at 7:10 pm to CouldCareLess
And you’ll pay it so quit complaining
Posted on 10/12/22 at 7:12 pm to CouldCareLess
quote:
I pass one everyday next to work that was $3.27 this morning and $3.39 on my way home
Wait until after the midterms. The current fraudulently installed administration is doing everything they possibly can right now just to keep the fuel cost dam from bursting wide open.
It's going to massively flood us all come mid-November on through the holidays and we'll into 2023. Prepare thy anus for seeing $6.25/gal on your way to work and then $6.97 on your way home.
It's coming. I seriously hope everyone understands this. And since we're all suffering, I take great pleasure in knowing that the 60,000,000 dumb shits who voted for this shite are feeling the pain too.
Posted on 10/12/22 at 7:46 pm to LSUFanHouston
quote:
Further, many gas stations are buying their supply via a long term contract that’s not at the spot rate.
You think the gas companies that supply the stations are going to lock themselves into a contract that means they sell gas at a loss when prices spike? Really?
Posted on 10/12/22 at 8:09 pm to CouldCareLess
The real profit margin for gas stations, especially those like Buccee’s, is all the other stuff you buy if you venture into the store itself.
Posted on 10/12/22 at 8:13 pm to CouldCareLess
The oil companies do not set the prices at the pump.
Posted on 10/12/22 at 8:29 pm to CouldCareLess
We had places outside the city loop at 3.09 and several a mile away inside the loop at 3.39.
Makes no goddamn sense
Makes no goddamn sense
Posted on 10/12/22 at 8:40 pm to CouldCareLess
Most places change whenever they get a new delivery.
But I’m sure other places employ a different pricing strategy.
But I’m sure other places employ a different pricing strategy.
Posted on 10/12/22 at 9:07 pm to CouldCareLess
Depends on the flag/brand of the station and how fast prices are moving.
Posted on 10/12/22 at 9:21 pm to CouldCareLess
A lot stations don’t make money on fuel.
The major gas stations like Walmart(Murphy), Casey’s, BP, Phillips 66, Conoco, Citgo, etc… can make a profit, because they use their own trucks. Smaller stations usually just match the price of the bigger stations.
My friends station gets his fuel from the same place as Casey’s and Phillip 66, but pays more because of the delivery cost. He changes his price whenever they do.
Walmart gas is always the cheapest. If you use the app to pay you get 10 cents off a gallon. Today Walmart gas is 11 cents cheaper than Casey’s and when I used the app I saved 21 cents a gallon
The major gas stations like Walmart(Murphy), Casey’s, BP, Phillips 66, Conoco, Citgo, etc… can make a profit, because they use their own trucks. Smaller stations usually just match the price of the bigger stations.
My friends station gets his fuel from the same place as Casey’s and Phillip 66, but pays more because of the delivery cost. He changes his price whenever they do.
Walmart gas is always the cheapest. If you use the app to pay you get 10 cents off a gallon. Today Walmart gas is 11 cents cheaper than Casey’s and when I used the app I saved 21 cents a gallon
This post was edited on 10/12/22 at 9:25 pm
Posted on 10/12/22 at 9:24 pm to CouldCareLess
quote:
$3.27 this morning and $3.39
Go frick yourself, we are at double that.
No exaggeration, honestly double.
LINK
This post was edited on 10/12/22 at 9:26 pm
Posted on 10/12/22 at 9:34 pm to DMAN1968
quote:
Costco actually seems to wait until the previous tank is empty and refilled before raising or lowering prices.
Costco, et al, have a lot more reserve capital than Amir who owns the corner store. Costco can guess wrong and absorb a loss every now and then because they have a huge cushion. And then they’ll make up for that loss in another sector of their business. The individual station owner doesn’t have that luxury.
Posted on 10/13/22 at 12:03 am to CouldCareLess
Imagine living in Europe, where gas is sold by the liter. Nearly 4 liters per gallon. Then overnight it goes up 19 cents per liter. I own my own driving business here and if my diesel powered car didn't get 60 mpg I would be working for free.
Posted on 10/13/22 at 12:07 am to CouldCareLess
4.289 for me. Be happy you have a shitty car.
Posted on 10/13/22 at 9:16 am to MizzouBS
quote:This.
A lot stations don’t make money on fuel.
As far as I’ve know, there’s only like a 5-10 cent profit per gallon of gas.
You wanna who makes the most profit on gasoline? The oil companies, refineries or the gas stations? No. The government. Local, state and federal governments.
Page 2 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News