Collusion has always occurred in the oil business, and always will. Back in the '60's, my grandmother was a bookkeeper for a gasolin wholesaler/"jobber" in the area. I once overheard her telling someone that her boss had called the other "jobbers" in the area, because one station in town had dropped his price drastically. The "jobbers" then got together and went to see this station owner's "jobber" to tell him that his retailer needed to "get in line" with everyone else.
Now, my grandmother is a good, honest woman...usually. But when I later asked her about it, she then said that no such thing had ever occurred, and that she had never said anything of the sort. But I know what I heard, and I know that before the day was out, the renegade station owner had "gotten in line" and raised his price to match the other retailers in town.
The reason that collusion isn't ever prosecuted is because, in most cases it comes down to a "he said/she said" situation, and there's no smoking gun like a tape recording of actual conversations. And nothing EVER goes into written form!
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Today's Featured Article - What Price Enthusiasm? - by Anthony West. Quite frankly, for some time now restorers like myself have become more and more concerned about the rapid increase in the prices of old farm machines here in England. There is now a growing market for "As found" machines. Which as machines get rarer, has found the birth of a new industry....one of the "procurement agent". These agents appropriate as much old machinery as possible then inflate prices at auctions. So at what price enthiusiasm? We are now seeing poor machines which 3 years ago ma
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