Where I live, it is a law that a gas station has to be within 10 cents of all the other gas stations in the area. So prices move up or down in lockstep with the surrounding prices. They get like 2 days to comply.
Is it useful? It does even prices out. And most gas stations do not make much profit off of the fuels they sell. Only a nickel a gallon at most around here. The gas just gets you to stop and walk into their convenience store. It’s the soda pop, pizza, sandwiches, chips and other crap they sell that is the real profit makers.
Where I live, it is a law that a gas station has to be within 10 cents of all the other gas stations in the area. So prices move up or down in lockstep with the surrounding prices. They get like 2 days to comply.
Is it useful? It does even prices out. And most gas stations do not make much profit off of the fuels they sell. Only a nickel a gallon at most around here. The gas just gets you to stop and walk into their convenience store. It’s the soda pop, pizza, sandwiches, chips and other crap they sell that is the real profit makers.