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Author Topic: 16 cent a liter overnight drop Back to Topics
signwatcher
Rookie Author
British Columbia

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Points:1,020
Joined:Oct 2012
Message Posted: Oct 27, 2012 7:21:47 PM

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.
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OceanArcher
Champion Author Mississippi

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Message Posted: Feb 23, 2013 7:59:00 AM

Shucks - I'm still looking for the 64 to 72 cent drop. Ain't found it yet
cv
Champion Author Raleigh

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Message Posted: Feb 23, 2013 4:14:10 AM

No drop in my area.
djp071158
Champion Author Detroit

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Message Posted: Feb 23, 2013 4:09:21 AM

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

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Message Posted: Feb 23, 2013 3:45:39 AM

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
Champion Author Ottawa

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Message Posted: Feb 22, 2013 11:24:04 PM

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

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Message Posted: Feb 22, 2013 4:27:59 PM

yea right
alphanyr
Champion Author Connecticut

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Message Posted: Feb 22, 2013 4:27:57 PM

yea right
alphanyr
Champion Author Connecticut

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Message Posted: Feb 22, 2013 4:27:57 PM

yea right
LeeLavergne
Champion Author Texas

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Message Posted: Feb 22, 2013 2:42:49 PM

yes its sickening
PithyOpiner
Champion Author Stockton

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Message Posted: Feb 22, 2013 1:53:51 PM

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

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Message Posted: Feb 17, 2013 9:19:59 AM

Old post, but going up here.
MIT05
Champion Author Massachusetts

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Message Posted: Feb 17, 2013 9:13:21 AM

Up here.
thirty8paces
Champion Author Baltimore

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Message Posted: Feb 17, 2013 8:50:14 AM

Going the opposite way here.
MertieMan
Champion Author Lexington

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Message Posted: Feb 17, 2013 8:48:58 AM

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

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Message Posted: Feb 17, 2013 8:46:21 AM

bring your liter hose down this way for a surprise.
OceanArcher
Champion Author Mississippi

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Message Posted: Oct 27, 2012 9:08:16 PM

I personally would just LOVE to see a 64 to 72 cent a gallon decrease here in Mississippi
Gas_Buddy
Champion Author Maryland

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Message Posted: Oct 27, 2012 8:34:54 PM

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

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Message Posted: Oct 27, 2012 8:33:53 PM

LOL Canada!
maxstar
Champion Author Chicago

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Message Posted: Oct 27, 2012 8:21:53 PM

A 16 cent drop and you still find something to complain about. On what basis do you claim that prices were 12% too high?
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