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signwatcher Rookie Author British Columbia Posts:1 Points:1,020 Joined:Oct 2012	Message Posted: Oct 27, 2012 7:21:47 PM Ignore signwatcher Report Abuse My local Gas station displayed a price yesterday of 137.9 and is still showing on the list of highest prices in the province of BC for the last 48 hours. This morning they reset the price to 121.9, a full 16 cents a liter drop overnight. Put into terms of price per gallon that would be a 72 cent per gallon drop. Good news? Well only if you discount that this price was about 12% too high anyway! Outrageous, but designed to condition us to accept the higher price later this winter, and still buy gas as often. They increase prices to a breaking point where they see sales slow down substantially then reduce it to a level the public will accept and then slowly raise it back and the public has a preconditioned acceptance of the higher price. The up and down cycle is just a marketing ploy that we unfortunately learn to live with.

signwatcher

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British Columbia

Posts:1
Points:1,020
Joined:Oct 2012

Message Posted: Oct 27, 2012 7:21:47 PM

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My local Gas station displayed a price yesterday of 137.9 and is still showing on the list of highest prices in the province of BC for the last 48 hours. This morning they reset the price to 121.9, a full 16 cents a liter drop overnight. Put into terms of price per gallon that would be a 72 cent per gallon drop. Good news? Well only if you discount that this price was about 12% too high anyway! Outrageous, but designed to condition us to accept the higher price later this winter, and still buy gas as often. They increase prices to a breaking point where they see sales slow down substantially then reduce it to a level the public will accept and then slowly raise it back and the public has a preconditioned acceptance of the higher price. The up and down cycle is just a marketing ploy that we unfortunately learn to live with.

REPLIES (newest first)Ignore Short Messages

OceanArcher Champion Author Mississippi Posts:5,708 Points:1,328,375 Joined:May 2004	Message Posted: Feb 23, 2013 7:59:00 AM Ignore OceanArcher Report Abuse Shucks - I'm still looking for the 64 to 72 cent drop. Ain't found it yet
cv Champion Author Raleigh Posts:15,206 Points:3,266,580 Joined:Oct 2003	Message Posted: Feb 23, 2013 4:14:10 AM Ignore cv Report Abuse No drop in my area.
djp071158 All-Star Author Detroit Posts:668 Points:293,000 Joined:May 2012	Message Posted: Feb 23, 2013 4:09:21 AM Ignore djp071158 Report Abuse I've seen prices jump up 20 cents or more per gallon overnight or during a day, but never coming DOWN more than a nickel or couple cents.
eyegotgas2 Champion Author British Columbia Posts:1,101 Points:256,430 Joined:Sep 2011	Message Posted: Feb 23, 2013 3:45:39 AM Ignore eyegotgas2 Report Abuse I have seen it take long jumps and slowly work itself down but have never seen massive drops overnight with the exception of a good ole gas pricing war. Come to think of it I can't remember the last time I saw one of those.
FocusFree Veteran Author Ottawa Posts:451 Points:983,590 Joined:Dec 2009	Message Posted: Feb 22, 2013 11:24:04 PM Ignore FocusFree Report Abuse Wow, and I thought Ottawa price fluctuations were bizarre! Generally 133.0 this morning, 126 this evening...its a big game
alphanyr Champion Author Connecticut Posts:4,830 Points:675,750 Joined:Apr 2011	Message Posted: Feb 22, 2013 4:27:59 PM Ignore alphanyr Report Abuse yea right
alphanyr Champion Author Connecticut Posts:4,830 Points:675,750 Joined:Apr 2011	Message Posted: Feb 22, 2013 4:27:57 PM Ignore alphanyr Report Abuse yea right
alphanyr Champion Author Connecticut Posts:4,830 Points:675,750 Joined:Apr 2011	Message Posted: Feb 22, 2013 4:27:57 PM Ignore alphanyr Report Abuse yea right
LeeLavergne All-Star Author Texas Posts:551 Points:122,800 Joined:Jan 2013	Message Posted: Feb 22, 2013 2:42:49 PM Ignore LeeLavergne Report Abuse yes its sickening
PithyOpiner Champion Author Stockton Posts:16,200 Points:1,596,570 Joined:Jun 2008	Message Posted: Feb 22, 2013 1:53:51 PM Ignore PithyOpiner Report Abuse Yes, signwatcher, they play us like a fiddle. We are being molested and no one will come to our rescue. I don't know what is worse: Catholic Priests or the Oil Industry.
valby Champion Author Massachusetts Posts:2,911 Points:427,165 Joined:Jan 2005	Message Posted: Feb 17, 2013 9:19:59 AM Ignore valby Report Abuse Old post, but going up here.
MIT05 Champion Author Massachusetts Posts:4,167 Points:1,391,325 Joined:Aug 2008	Message Posted: Feb 17, 2013 9:13:21 AM Ignore MIT05 Report Abuse Up here.
thirty8paces Champion Author Baltimore Posts:4,521 Points:1,106,655 Joined:Sep 2008	Message Posted: Feb 17, 2013 8:50:14 AM Ignore thirty8paces Report Abuse Going the opposite way here.
MertieMan Champion Author Lexington Posts:14,788 Points:2,895,610 Joined:May 2005	Message Posted: Feb 17, 2013 8:48:58 AM Ignore MertieMan Report Abuse How would you like a .60 plus cents per gallon hike in less than a week? It has just happened in this area.
2Tall Champion Author Maryland Posts:12,777 Points:2,941,380 Joined:Jun 2004	Message Posted: Feb 17, 2013 8:46:21 AM Ignore 2Tall Report Abuse bring your liter hose down this way for a surprise.
OceanArcher Champion Author Mississippi Posts:5,708 Points:1,328,375 Joined:May 2004	Message Posted: Oct 27, 2012 9:08:16 PM Ignore OceanArcher Report Abuse I personally would just LOVE to see a 64 to 72 cent a gallon decrease here in Mississippi
Gas_Buddy Champion Author Maryland Posts:25,967 Points:3,033,215 Joined:Aug 2004	Message Posted: Oct 27, 2012 8:34:54 PM Ignore Gas_Buddy Report Abuse The price was about 12 percent too high? Not 13 or 14 percent too high? Not 8 or 9 percent too high? Can you explain how you reached the figure of 12 percent too high? I'm probably missing something, as is maxstar (in his post below), but you're getting a 16 cent per litre drop in prices (what you're saing is about a 72 cent per gallon drop in prices) and you're complaining? Perhaps you can explain how pricing should be developed and how, given any specific wholesale price, how much mark-up individual gas stations should apply, and the reasoning for that application.
TrixieNY Champion Author Buffalo Posts:2,702 Points:656,180 Joined:Apr 2008	Message Posted: Oct 27, 2012 8:33:53 PM Ignore TrixieNY Report Abuse LOL Canada!
maxstar Champion Author Chicago Posts:18,484 Points:809,545 Joined:Feb 2011	Message Posted: Oct 27, 2012 8:21:53 PM Ignore maxstar Report Abuse A 16 cent drop and you still find something to complain about. On what basis do you claim that prices were 12% too high?