Quote:
Originally Posted by redpoint5
Price gouging is a made up, fictitious concept. The price is always as high as the market will bear, and we don't call the prices we're used to "gouging". We only call it gouging when the supply and demand sets a price that we really don't like.
The only way petrol stations could get away with artificially high prices is if they were all colluding.
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The 4am gas station breakfast meetings are well known Around here, now that we have internet it’s thankfully much easier to fix prices in private.
It’s also easier to set prices when an area has only one distributor and punitive state level price protection policies against setting prices below other local stations.
Thankfully I’m a “critical employee “ and can fill up on my way to or from work 20 miles away and cut my fuel bill by a 1/3.
I’m guessing that extra 20 miles justifies the 70 cent price premium right?