Around here, doesn't matter if a new tanker arrives or not.
None of the gas stations own the gas.
They ALL sell it on consignment.
The prices are set by distributors who own it. They're the ones who call the station and tell them what price to sell it for today.
The store contracts give them a fixed cents-per-gallon commission that's designed to cover the variable cost of sales (such as credit card fees) and leave them about 8 to 10 cents a gallon in gross profit (from which rent, overhead, employees, income and property taxes, etc had to come out of.)
The first run up in gas prices was hurting a lot of them because there commission are based on fixed cents per gallon, but higher gas prices meant the credit card fees which are assessed proportional to the amount of the sale doubled...cutting deep into that 10 cent profit they were aiming for. So for awhile their commission contracts and their variable expenses were out of alignment.
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Today's Featured Article - A Lifetime of David Brown Tractors - by Samuel Kennedy. I was born in 1950 and reared on my family�s 100 acre farm. It was a fairly typical Northern Ireland farm where the main enterprise was dairying but some pigs, poultry and sheep were also kept. Potatoes were grown for sale and oats were grown to be used for cattle and horse feeding. Up to about 1958 the dairy cows were fed hay with some turnips and after that grass silage was the main winter feed. That same year was the last in which flax was grown on the farm. Flax provided the fibre which w
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