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thanks Taz. I had read something last year about this limitation being in effect somewhere - it may have been a contractual thing with the gas stations on the NJ Turnpike or elsewhere - was just wondering ...
no problem! they passed this law last year because stations were changing thier prices up to 3 times a day when they only get in one truck of gas a week. thankfully the government stepped up against this.
I get gas at the next town, passing by 4 gas stations on the way. They are consistently cheaper, and it's a name-brand Sunoco I can trust. I suggest you do the same.
I wasn't flipped out about the gas station, I was asking if the practice was legal
To be honest, i think the law sucks....from a business stand point. Why is it illegal for a privatley owned gas station to raise its prices any time they want for any amount they wish to raise it? So long as there isnt a monopoly involved?
This is america, businesses have the right to charge what ever they want, when ever they want for the products they sell. Youm as a consumer have the right to purchase said products where ever you want, when ever you want.....and to pay the prices for said items that you feel is best for your wallet. Thats why the consumer has the right to choose where they buy.....plain and simple.
Would it be illegal for a gas station to lower its prices twice a day, every single day for a month straight? Something tells me nobody would be asking if that was illegal....
then again, with the people on this board, ya' never know, lol
To be honest, i think the law sucks....from a business stand point. Why is it illegal for a privatley owned gas station to raise its prices any time they want for any amount they wish to raise it? So long as there isnt a monopoly involved?
This is america, businesses have the right to charge what ever they want, when ever they want for the products they sell. Youm as a consumer have the right to purchase said products where ever you want, when ever you want.....and to pay the prices for said items that you feel is best for your wallet. Thats why the consumer has the right to choose where they buy.....plain and simple.
Would it be illegal for a gas station to lower its prices twice a day, every single day for a month straight? Something tells me nobody would be asking if that was illegal....
then again, with the people on this board, ya' never know, lol
you are correct, but we do not see this volatility with Cheerios, Twinkies, bags of dog food and apple pies. Usually once something is on the shelf the price does not change.. and we are pretty much limited on shopping for price on gasoline when all the retailers are doing the same thing.
Oddly enough I drove by the station - and the price changed again - this time DOWN to $3.71 .
'Nuff said, I'll find a life
you are correct, but we do not see this volatility with Cheerios, Twinkies, bags of dog food and apple pies. Usually once something is on the shelf the price does not change.. and we are pretty much limited on shopping for price on gasoline when all the retailers are doing the same thing.
Oddly enough I drove by the station - and the price changed again - this time DOWN to $3.71 .
'Nuff said, I'll find a life
Nah, the part about "people on this board, ya' never know" comment wasnt directed at you, its a valid gripe about an item that we so badly depend on. I do feel though that a business should be allowed to raise or lower its prices as it sees fit. If they do it too much or incorrectly ( based on market trends or demands ), the station will lose business and either go out of business or be forced to correct its prices to help spur demand. Pretty much what is meant by our "free market system".......until the gov't steps in that is.....
The wholesale price of gasoline closed yesterday (Friday, February 3) at $2.91-44/100 a gallon.
Retail gasoline prices tend to be at a $0.75 to $1.25/gallon premium to the wholesale gasoline price as traded on the New York Mercantile Exchange, which would mean that a wholesale price of $2.91/gallon would indicate a retail price of $3.66 to $4.16/gallon, depending on where in the U.S. the retail pump might be located.
You can monitor the wholesale price of gasoline and other energy products by going to Wholesale Energy Prices
The wholesale price of gasoline closed yesterday (Friday, February 3) at $2.91-44/100 a gallon.
Retail gasoline prices tend to be at a $0.75 to $1.25/gallon premium to the wholesale gasoline price as traded on the New York Mercantile Exchange, which would mean that a wholesale price of $2.91/gallon would indicate a retail price of $3.66 to $4.16/gallon, depending on where in the U.S. the retail pump might be located.
You can monitor the wholesale price of gasoline and other energy products by going to Wholesale Energy Prices
Gas prices will continue to rise especially with the warmer weather coming up in addition to the menu of excuses why they raise it, then around election time the magical gas genie will appear and prices will fall dramatically.
Stopped at BJ's last night because I was nearby and running on fumes - their prices were great!
regular $3.65
and for me, premium at $3.79
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