One Phoenix resident explains it: "I think it's a farce."
Explaining why crude oil prices are down and gasoline prices are up is tough to do while people are filling up.
With the average price state wide now resting at $4.07/gal - that's better than previous weeks but still a dollar more than Arizonans paid this same time last year.
Experts say hoping that the ten dollar drop in crude oil will make a difference is wishful thinking.
"When oil prices go down,we need to determine, is this a trend of just one day? We could see oil prices spike again."
So gas stations are slow to react.
"Gasolline in many instance is a loss leader for most stations."
Retailers make about 4 cents a gallon. Some weeks they say they are actually losing money.
Even offering a cash incentive - an 8 cent saving per gallon - just to save on credit card transaction fees.
"They come in, pay cash, and we make money in the store."
The mini mart helping some gas stations survive tough times.
"Customer happy, we're happy everyone is happy. But right now no one is happy."
But we'll all be happy when prices drop - that is... If they drop.
Thursday, July 17, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment