I have never, ever understood this. Gas is for the most part is a simple commodity. Sure, some prefer a premium brand (like Shell) to a cheaper one (like ARCO), but I can’t for the life of me figure out why there is such a wide variance even within a single mile or two of a city (and amongst the same brand!) I would think that supply and demand would reign supreme here. It’s the same stuff.
You get that one gas station that charges $0.10 less than all the others in the area and the lines are out to the street.
So where are supply and demand?
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Because prices are detached from supply and demand when you are in a “free market”
The prices are made up and raised to a point what the market could bear and the people are willing to pay for it… Since it is kind of a base necessity nowadays and people are going to buy it….
Just look at the Ukraine Russia war with those sweet sweet “sanctions”… It is a good justification to raise the prices and blame it to russia, while the cost of crude oil did not change that much and it would take months for the cost to trickle trouth the refinery systems and companies
Price of freedom… You didn’t want regulations, limitations, oversight or checks and balances, becuse those are “communist”
Now corporations are free to exploit employee and customer any time
They spend inordinate amount of money on “market research” to find out the maximum prices they can charge for their product
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