GAS Prices Should be!!For A site you can join in the Gas fight Click here
For A site you can join in the Gas price publication Click here
Question: Why is it that Gasoline Prices seem to rise so quickly, but fall so slowly?
Answer: When you see the price of Crude Oil sell for $46, that barrel of Oil won’t make it to your car as gasoline for as long as 3-6 months. Recall in May, the price of oil pulled back into the hi $30s — thats why gas dropped in price by more than a few cents in July.
There’s actually a good reason for the phenomena of retail gasoline prices rising quickly, but falling so much more gradually. Its strictly a function of competition in the marketplace.
When crude prices rise, all the gas stations raise their prices accordingly — they have no choice, otherwise they would be losing money on each sale. They all pay (more or less) the same prices for refined gas, and make a relatively small mark up on the fuel they sell. As wholesale prices rise, they pass along the increase.
When the price of Crude eases, however, what forces gasoline prices back down is simply competition. One station lowers prices a few cents, and pulls in more traffic; That forces others to do the same — until prices gradually work their way back down to the earlier prices (assuming crude returns to its prior price). While the retailers may make a greater profit for a few days, competition eventually forces them back to their original margins.
You may be surprised to learn that gas stations make the bulk of their profits on the quickie mart / convenience store, or on automobile repairs — and not on fuel. They are greatly incentivized to keep the prices low enough to draw you in as a customer, where they can make their profits on, well everything else beyond petroleum . .
But to all those watching these two prices lately can see for over two weeks now the price has stayed far too high, wow we got it to 83.0 once! when will that happen again? They are stealing 20 some odd cents from you and you voluntarily give it! That’s every Liter you place in your car!! Personally I need that $12.80 that is stolen! Come on Canadians and people of the world “SPEAK UP!”
FuelTribe launches Canada’s first and
only gasoline buyers group, enabling consumers to join forces to battle unfair
www.FuelTribe.ca is the product of ordinary working people, who grew
frustrated by their lack of buying power with fuel vendors. They realized that
as long as they are treated individually by fuel vendors, they have little or
no influence over the price of gasoline.
They believe that, if they were to approach a gasoline vendor as a group,
their influence could not be ignored. “FuelTribe.ca allows consumers to use
their collective buying power to negotiate a price reduction in their gasoline
purchase” said Morgan Archer, FuelTribe’s Membership Director.
Using annual buying power as leverage, FuelTribe will represent members
interests by negotiating a reasonable discount at the pump.
ABOUT FUELTRIBE INC.
FuelTribe.ca is Canada’s first and only online gasoline buyers group
formed by people frustrated by the volatility and unreasonableness of fuel
prices. It is not affiliated with any gasoline vendors.
For further information: Penny Archer, Media Relations,
firstname.lastname@example.org email,(905) 817-9871 phone
The Price of the Barrel of Oil should DIRECTLY reflect the price you pay per Liter So if the Barrel price is 48.00 then you should pay 48 cents per Liter.
Now see how they are Ripping your hard earning Money from your pocket? Sure the financial troubles of the world caused the barrel to drop but this let them widen the difference of the price you pay for Gas.