So they are selling gas that you could have bought technical an hour before, for cheaper. So how is this not price gouging.
2006-07-23 14:41:55 · 13 answers · asked by sunflowerlizard 6 in Cars & Transportation ➔ Other - Cars & Transportation
Yep , i think that WOULD be gouging. Ya know what i do to price gougers? When i go into the restroom and have to "drain my Lizard", i make an effort not to hit the target , if you know what i mean....
2006-07-23 14:48:07 · answer #1 · answered by Anonymous · 2⤊ 2⤋
Prices fluctuate due to supply and demand. The price a station charges is directly related to the wholesale cost of gas today, because they will have to pay that price to replace the gas in the ground.
It also is based on what nearby stations are charging (competition).
It is not price gouging to raise the price. If you bought your home 2 years ago for $150,000, and your next door neighbor's identical house just sold for $300,000, would you be "price gouging"to sell yours for over $150,000?
When you are selling something the cost that you paid is not always the value today!
2006-07-23 21:59:25 · answer #2 · answered by fire4511 7 · 0⤊ 0⤋
They are pricing to replace the gallon of gas they sell today.
If they have to buy fuel tomorrow for $3.50/gal they will price the fuel in the ground to make a small profit even if they only paid $3.00 for that gallon.
Gas stations wouldn't be in business tomorrow if they can't buy more gas. It isn't gouging because people can choose which stations they buy from and whether to buy/use gasoline. In the same town the price of gas will vary by more than $0.05/gal. Called Zone Pricing retailers price according to willingness of customers to pay. If customers bought at ONLY the cheapest station prices would fall to match that low price.
2006-07-23 22:35:45 · answer #3 · answered by Anthony M 6 · 0⤊ 0⤋
When you hear or read something new about gas prices just remember that our president is an oil man himself and is more thank likely becoming very rich of the high prices of gas, therefore the little guys at the gas station feel that they are justified in raising rates.
2006-07-23 21:45:29 · answer #4 · answered by bebe1028 2 · 0⤊ 0⤋
I was a manager for a gas company and they get the prices everyday on what their cost is and if it goes up they called and told me to go up and if it went down I had to go down. They only make around 5 to 7 cents a gal. your state puts on around .75 cents on each gal., then you have the federal tax too which is higher yet. so it's the government making the money not the gas station they only have it to bring you in to buy in the store.
2006-07-23 21:52:20 · answer #5 · answered by rich_below 4 · 0⤊ 0⤋
Because they can! But of course it is price gouging. They didn't pay the higher price for it. They can get away with it so they do it. Last time I looked they got away with it so why wouldn't they do it!
2006-07-23 21:45:36 · answer #6 · answered by sibelover 3 · 0⤊ 0⤋
Gas stations raise the price of fuel for only one reason, Because They can! And there is not one darn thing any of us can do about it.
2006-07-23 21:49:19 · answer #7 · answered by Nc Jay 5 · 0⤊ 0⤋
each day they call there supplier ,and ask the price,,and if it,s going up tomorrow,,they raise the price today,,so they will make up he difference in what they will have to pay tomorrow,,i used to work at one,,i hope this help,s.
2006-07-23 21:46:57 · answer #8 · answered by dodge man 7 · 0⤊ 0⤋
the gov. controls the prices not the stations
2006-07-23 22:34:05 · answer #9 · answered by axe2521 1 · 0⤊ 0⤋
it is price gouging
2006-07-23 21:44:32 · answer #10 · answered by Anonymous · 0⤊ 0⤋