Quote:
Originally Posted by aklim
While a price raise means more money, how would they actually convince the buyer to do that? I'm just curious. Can they simply slap on a higher price or does it get traded in some other fashion?
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there always has to be a 'crisis'. the Gulf War in 1991 created an 'oil shortage', thus the oil companies raised gas prices. my job was preparing reports that were sent to the government that backed up the oil companies claim that there really was a shortage and thus, the need to raise prices.
also, in case you haven't noticed, every gasoline outlet's prices in a particular area is within a nickel or two of each other. gasoline is a highly controlled market and nobody is allowed to substantially lower (fifty cents or more) under anyone else.