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To fully understand this is to know the term Supply and demand ... Supply and demand is when you have a lot of one thing and there's not a lot around like oil, gold or sliver etc ... the more people want the oil compounded by that lack of it will raise the price of it ...
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoThey typically base their pricing on what is called the rack price which changes every 6 hours.
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Why does the price of gas go up the day after a rise in crude oil price?
The gas companies see that there is an increase coming in their next purchases of crude oil and they are building capital in advance to make those purchases. In the United States, gas stations can change their prices only once a day. (On interstates, it's just once a week.) Stations would probably change their prices even sooner than the next day if they were allowed to legally.
Why would the gasoline service stations convince the City Council to ban signs displaying gasoline prices?
To limit long-term competition and blind-side consumers with their individual gas prices. These service stations will only benefit from consumers that are not adamant about how much they pay for gas, the rest will be wise enough to research gas prices on the internet.
What are Costco gas prices?
According to COSTCO, they monitor the nearby gas stations and attempt to keep their prices lower than those in a 3-5 mile radius. I have been told that they may change their prices several times per day depending on the fluctuation of other prices in their area.
What are the gas prices in Denver?
As of May 15,2008 gas prices are around $3.63-3.69,but prices keep rising and are bound to change,usually vary now by the day...
Are Costco gas prices available online daily?
Please see the 'Related Links' as the prices change daily.
What is a chain gas station?
A string of gas stations that have monopolized an area to control the gas prices.
Why are gas prices all the same at stations in our city?
competition
Why do gas stations put up the cash only price?
Cash prices are less than card prices, so gas stations post both to encourage customers to pay with cash.
What gas stations have the best prices?
I usually always get my gas at Arco because of their cheap prices. Sometimes I get my gas at the Vons gas stations because they offer 3 cents off per gallon. there are many more available option at all different local level. shell and lukeoil and even cidko are the gas station which offer the best prices.
Why does the price of gas go up the day after a rise in crude oil price?
The gas companies see that there is an increase coming in their next purchases of crude oil and they are building capital in advance to make those purchases. In the United States, gas stations can change their prices only once a day. (On interstates, it's just once a week.) Stations would probably change their prices even sooner than the next day if they were allowed to legally.
Why would the gasoline service stations convince the City Council to ban signs displaying gasoline prices?
To limit long-term competition and blind-side consumers with their individual gas prices. These service stations will only benefit from consumers that are not adamant about how much they pay for gas, the rest will be wise enough to research gas prices on the internet.
What gas stations should be avoided?
Most areas have a gas station that the locals try to avoid. This is either due to their high prices or more typically watered down gas and extremely low prices.
Is the president going to change the gas prices?
Since when did the president control the gas prices? The President can't control the gas prices. The only way the gas prices will go down is when gas companies can buy the gas for less.
What is the amount of dollars per liter at petro Canada?
This is going to depend on the location, the time of day, and even the price of oil. Gas prices can change several times in a day, so it's best to either find an app that can give you the prices at local stations which is updated by other users, or to check the stations yourself
Do presidents change gas and tax prices?
No
What are Costco gas prices?
According to COSTCO, they monitor the nearby gas stations and attempt to keep their prices lower than those in a 3-5 mile radius. I have been told that they may change their prices several times per day depending on the fluctuation of other prices in their area.
What would you like to change about the US?
gas prices
