Wednesday, June 25, 2008
Okay, so I play this game....sort of.
I like to track the cost of gas at gas stations I pass by everyday. I think it gives me a true idea of how bad it is.
There are two stations by my house on the corners of Campbell and Prince: One is a Chevron, the other is a Catalina Market.
They are usually evenly matched pricewise. One day, Chevron is 2 cents lower and another day, the market is.
Well, last week, in the morning, Chevron was at $3.95. Catalina at about $3.87. By that afternoon, chevron had risen to $3.99! The other stayed the same. That was a 12 cent difference!
But then out of the blue, Chevron dropped back to the same $3.87.
Was that price gouging?
Also a question: How can gas sell for $3.79 on the far Northeast side and $3.87 by my house?
Is that price gouging?