Wednesday, June 25, 2008

Gas Wars

Posted By on Wed, Jun 25, 2008 at 2:36 PM

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?  

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