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Quick question about gas prices…..

tef54

Retired Number
Gold Member
Nov 13, 2006
5,096
4,965
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Baton Rouge
….too lazy to look it up and I’m sure someone here knows the answer off the top of their head. We’ve seen a steady raise in the price per gallon over the last several weeks. Who or what group sets the daily price and are retailers required to go with the “new” price? Also, why does that affect the price of gas that‘s already in the ground? I assume that when a tanker drops a load at your local Exxon station, that price should be fixed until the next load. Let’s say a retailer pays (for the sake of argument) $4/gallon for a load and charges his customers $4.50. Shouldn’t that entire load be sold at $4.50 instead of going up to $4.75 the next day? Inquiring minds want to know……
 
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