Eh, the gas retailers (gas stations) are usually running on pretty thin margins when it comes to the fuel.
They make most of their money from selling other overpriced stuff in the attached store.
They do (usually) make some profit on fuel, yes … but comparatively quite little most of the time. Because competition is stiff, and people will absolutely go to a different nearby station if the other one is even 1 cent cheaper.
For most of them, significantly cutting the cost of fuel would mean selling fuel at a loss. Of course, absolutely zero stations are going to do that just because of some vague (and probably toothless) threats from President Pedo.
Yeah, gas stations in competitive areas will even occasionally sell gas at a minor loss, to drive more traffic into the lobby where they make the vast bulk of their profit. Gas station pump prices are almost universally determined by the price they can get their fuel at. And that price isn’t set by the station, it is set by the refineries and distributors, who largely base their prices off of oil futures. And oil futures don’t give a fuck what current oil prices are. If gas prices are high right now, it’s because gas distributors expect the price of oil to go up again.
Broken clock…
Eh, the gas retailers (gas stations) are usually running on pretty thin margins when it comes to the fuel.
They make most of their money from selling other overpriced stuff in the attached store.
They do (usually) make some profit on fuel, yes … but comparatively quite little most of the time. Because competition is stiff, and people will absolutely go to a different nearby station if the other one is even 1 cent cheaper.
For most of them, significantly cutting the cost of fuel would mean selling fuel at a loss. Of course, absolutely zero stations are going to do that just because of some vague (and probably toothless) threats from President Pedo.
Yeah, gas stations in competitive areas will even occasionally sell gas at a minor loss, to drive more traffic into the lobby where they make the vast bulk of their profit. Gas station pump prices are almost universally determined by the price they can get their fuel at. And that price isn’t set by the station, it is set by the refineries and distributors, who largely base their prices off of oil futures. And oil futures don’t give a fuck what current oil prices are. If gas prices are high right now, it’s because gas distributors expect the price of oil to go up again.