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Hanky-panky at the pump
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Published: June 18, 2009
Most of my working years were spent in big-box retail stores. If the stores' cost of replenishing basic items went up, the increase was not reflected in the cost to the customer until new merchandise arrived at the store. This is standard procedure in any retail establishment.
How can anyone defend the practices of the retail gas stations in their pricing of gas? As the future price of oil has been going up daily, they have been increasing the price of gas. They do this even though they have not received any new shipments of gasoline.
No historical mark is being maintained at your local station. Instead, your local station is increasing their markup daily.
If this is not gouging, what is it? And don't tell me that is everyday economics.
STEPHEN KAYE
Lutz
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