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Author Topic: The psychology of gas prices Back to Topics
Saab93turbo

Champion Author
Washington

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Joined:Dec 2012
Message Posted: Feb 27, 2013 5:56:03 PM

Gas is really going up fast. It was a shock to see prices rise every 2-4 days. However, now I am resigned to the fact that prices are going up. I am prepared to pay $4.60 for regular by summer, about 70 cents more than the current price. In Vancouver, B.C., they pay well above $5 per gallon. Of course, they are grumbling that it is getting close to or past $6 per gallon ($1.50/litre)

Also, there are a few stations where the rise in premium gas is less when prices are rapidly increasing. I think this is the case because there is a drop in demand when gas prices shoot up rapidly.

[Edited by: Saab93turbo at 2/27/2013 5:56:56 PM EST]
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PithyOpiner
Champion Author Stockton

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Message Posted: May 2, 2013 2:32:02 PM

How strange. You'd think that a country that has more oil than they can use would have cheap gas. Go figure.
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zardoz74
Veteran Author Houston

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Joined:Apr 2013
Message Posted: Apr 30, 2013 9:47:10 PM

The Law of Supply & Demand.
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PithyOpiner
Champion Author Stockton

Posts:18,549
Points:2,046,355
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Message Posted: Mar 13, 2013 7:25:59 PM

Well, get prepared for them to go down all this month. You heard it here, first.
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MertieMan
Champion Author Lexington

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Points:3,497,785
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Message Posted: Mar 9, 2013 9:39:18 AM

I can't for the life of me understand why people in your area are paying up to 25% more for gas than we are. You are indeed being ripped completely off like the rest of us.
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BartandLisa
Champion Author Newfoundland

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Message Posted: Mar 8, 2013 5:00:50 PM

Glad I am not in Vancouver
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wbacon
Champion Author Philadelphia

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Joined:Jun 2004
Message Posted: Mar 5, 2013 1:54:12 PM

yeah who would of thought tha I would think $3.25/gal would be cheap?? When I startewd driving, I paid exactly 1/10 for gas..............
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traffic cop
Champion Author Boston

Posts:3,029
Points:1,083,625
Joined:Oct 2004
Message Posted: Mar 5, 2013 1:06:13 PM

Prices go up by nickles and dimes.
Prices go down by pennies and nickles.

Rinse and repeat.

Prices go up by nickles and dimes.
Prices go down by pennies and nickles.

Rinse and repeat.

Prices go up....
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1OILMAN
Champion Author Alabama

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Message Posted: Mar 4, 2013 4:44:07 PM

Supposedly odd number pricing appears more favorable than even.
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PithyOpiner
Champion Author Stockton

Posts:18,549
Points:2,046,355
Joined:Jun 2008
Message Posted: Mar 4, 2013 2:41:42 PM

It's outrageous what you people up there have to pay for gas. I feel you. I don't know why you don't all band together and riot, or something. Don't just sit there and take it Get mad!
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Saab93turbo
Champion Author Washington

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Message Posted: Feb 27, 2013 8:52:19 PM

Sorry, bad title. Maybe I was thinking "Consumers' perception of gas prices" and mention that if there is a slow but constant rise, people might accept it better.
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HeavyDuty_cache
Champion Author Omaha

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Message Posted: Feb 27, 2013 7:54:04 PM

Perhaps retaking the Psychology class would help.
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EvPv
Champion Author Maine

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Message Posted: Feb 27, 2013 7:24:26 PM

gas prices are based on a VERY competitive retail business. Gas 'wars' happen to create an area much lower than 10 miles away in each direction. The 'losers' usually close their doors for getting carried away for an extended period of time.
The psychology is simply the competitive spirit.
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Gas_Buddy
Champion Author Maryland

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Message Posted: Feb 27, 2013 6:31:54 PM


And the original post has "what" to do with "The psychology of gas prices"?

And why, based on the history of gas prices over the past half dozen or more years, is it a shock to see prices rise every 2-4 days? Prices rise; prices lower. That's happened for a long time. Nothing to do with "psychology".
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