ELI5-How does an individual fuel station in the US decide how much to charge at the pump?

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There are obviously state taxes and supply/demand within urban centers to contend with—but is there a basic formula or sorts that gets you to the dollar amount you see per gallon?

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Anonymous 0 Comments

Friend of mine was the assistant manager for a gas station/convince store. I’ve been with them multiple times while they walk outside, look at the station down the street to check the price, then call the manager who checks the Gas Buddy price for the nearby QuickTrip, and then the manager decides to either match the place down the street, or go a penny higher or lower.

This is a daily occurrence. The owner of the place owns something like 20 gas stations in the area.

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