Originally Posted by
Bluedriver
Sad but true. Rocket up, down like a feather. There really isn't a mechanism that causes that, simply that station managers when oil prices are rising take the opportunity to raise prices rapidly, possibly even getting ahead of oil price increases, and on the way down they drag their feet reluctantly to lower them. Great for consumers.
You realize in most states gas stations make very little profit off their gas? They are actually mandated to price it too make at least x amount of profit off every gallon. Gas stations make a large majority of their profits off all the junk food and gizmos they sell in their stores.
https://thehustle.co/why-most-gas-stations-dont-make-money-from-selling-gas/