this post was submitted on 04 Oct 2024
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[–] [email protected] 6 points 1 month ago (1 children)

Personally I don't believe that's the case. Most people fill up when they need to fill up not because it reached a magic price. It's not like most people have a choice and can say they aren't going to drive to work this week because gas needs to drop a few more cents before they go fill up.

[–] [email protected] 12 points 1 month ago (1 children)

It's not like most people have a choice and can say they aren't going to drive to work this week because gas needs to drop a few more cents before they go fill up.

That's true, however if your tank is half full and you see a damn low price most people will absolutely go and fill it up before it goes up again.

[–] [email protected] 2 points 1 month ago

Eh, maybe it's different for people that only have to fill their tank every 3-4 weeks. I need to refill at least once per week so it's rare I save any significant amount of money filling up 2 days before I regularly would.

I'm also not sure why everyone would have the same price in mind to start immediately filling their tank at the "cheap" price to trigger a 12% increase amongst 8 different chains of gas stations all at the same time.

Many would be waiting for a few cents more or already pulled the trigger a few cents before.

I just don't think gasoline follows most free market supply/demand rules as much as most things.