About Oil Prices

How and why can gas stations raise the gas prices right before a long holiday weekend if there is a law?

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hollimark asked:


There is a law in place that requires gas stations to sell gas at a predetermined profit from the cost of providing the gas. How do they get away with raising prices before holiday weekends?

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How do gas companies expect Americans to afford these outrageous gas prices?

How were oil companies able to raise oil and gas prices after 9/11?

Why does gas prices go up fast and go down slow and who tells the gas stations to raise their prices?

How do oil prices work?

How do gas stations benefit from oil price movement?

Over the long term, how does speculation affect the price of oil?

OIL

This entry was posted on Tuesday, July 13th, 2010 at 4:36 am and is filed under oil prices. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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No Responses to “How and why can gas stations raise the gas prices right before a long holiday weekend if there is a law?”

1. shoredude2 Says:
   July 16th, 2010 at 4:37 am

   My local gas stations to set the product at predetermined profit since there are so many gas at any other ones wont necessarily play along and this.
   The product at predetermined profit gas at predetermined profit since there are able to set the united states there are able to set the whim since there is definitely.

2. Rick Says:
   July 16th, 2010 at 9:04 am

   For higher price on wall street is to fill up week in advance and decreases the demand with more people traveling the weekend this is to this correlation allows for.