Quote:
Originally Posted by Dan02
on a related note. I heard through the grapevine(friend of a friend of a.... E1) that gas may be jumping to 1.42$ Monday so you might wanna consider filling up tonight. No idea if it'll actually happen but might as well not risk it.
As for why the gas prices at various gas stations are all the same. Well the refinerys all get their crude for roughly the same price, the refining costs are pretty similar, transportation costs probably quite similar, small profit margins quite similar. Therefore it seems to me their pump prices are gonna be quite similar.
Some of you seem to have it in your heads that the retailer boosts prices and others see that as a reason to boost theirs and increase profit margin, in reality the boost is probably due to increased costs of fuel that all fuel retailers have to pay and prices are raised relatively uniformly to maintain the existing profit margins.
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That's actually not quite true. Refineries run different grades. This is an extreme ( but illustrative example) if you ran light sweet late last year you paid $50US/bbl more for AB crude than a refinery that runs heavy sour.