Steve, maybe you can help me. What’s the retail margin at the pump? Generally speaking?
I’m having trouble believing that retail profits are pushing the price around too much. The bulk of the cost as I see it, that gets passed onto customers, is the price of the commodity itself, which is traded like any other commodity. A gas station may move a few cents above what they have to buy for, but that’s not the driver of price.
So I’m just trying to wrap my head around where you think the manipulation is coming from then. Not trying to be argumentative.
I know the price discovery mechanism for gasoline itself, but it sounds like you are saying the retail side is in cahoots?
Wow. Seems so simple. If only people enjoyed reading as much as YouTube and Dirty Birds.
That’s a very interesting article Saxe Point.
That’s a very interesting article Saxe Point.
T2
The picture you see when you first open the page was good indicator which way the writer was going to lean.
The picture you see when you first open the page was good indicator which way the writer was going to lean.
This article is full of half truths and economic ignorance.
but it will be fun to see!!
Sure doesn't explain why in the U.S. you can find a price difference of 50 cents a gallon or more at two stations within a block.I think a lot of modern producers are integrated. They own from well head to pump. They have to deliver a certain return, if they can’t make their returns on the raw barrel they’ll make it at the pump. The number of people needed to keep their mouths shut on a fixing conspiracy without thinking about a greedy rogue station owner or politician make that scenario an unlikely one to buy into.