Big Oil's greed by the numbers

[Mr.Bill]

20. I'm no expert here,

but I've known several people who owned gas stations going back to the 70s.

Regarding the prices going up rapidly at individual gas stations, there are two ways they decide on what price to charge. They can charge a price that reflects what they paid for the gas in their underground tanks, or some charge a price that reflects what they anticipate they will be paying for their next delivery.

You can almost watch the price at any individual gas station and tell which way they are setting their prices. Of course, they can change how they are deciding on price anytime they want. And of course what their competitors are charging comes into play also.