Ever wonder why gas prices vary from town to nearby town?
For example, today the price of regular gas in Marengo was $2.779/gal. This was at the Road Ranger station on U.S. 20 on the east end of town.
Back in Woodstock? $2.859, $2.899 and $2.939 per gallon.
Ever visit www.gasbuddy.com/? There you can not only check on local gas prices, you can enter them yourself (and help others).
Is it just "market" or free trade that governs gas prices? You'd like to think so. But, then, why are the gas prices of all stations in a town within a few pennies of one another?
4 comments:
Remember this -
Supply and demand is really nothing more than manipulation and greed.
Does anyone recall a while back after a big storm in the South and oil rig was damaged and all of the sudden gas went up in price. Reason given was that damage was cutting into production.
Now gas is going down in price but wait there is an oil rig that disappeared of the face of the horizon and oil is gushing into the gulf from a leaking well.
What say now??
I know in Harvard, the city has an added tax to gas.
Taxes, every town/city has a different rate.
If the difference in price between nearby towns is taxes, then why will gas price often be the same in all surrounding communities but, at another time, vary widely.
Manipulation and greed are probably the reasons.
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