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	Name:	MartiniMan -
	Subject:	Pricing Gasoline
	Date:	10/21/2008 5:46:10 PM

GF, I don't get this quote. I was talking to the folks at Siggers and here is how they price their product. When a delivery is made they pay a price per gallon, lets say $2.80 for what goes in the tank. They then price it at the pump according to what they paid for it. I guess they can take it in the shorts when the residual left in the tanks was more expensive than what they replace it with but the reverse is true when the price goes up. Maybe when there is a longer term downward trend then it hits them harder.

Fact is I don't think any of them make any money selling gas. That is why I never understood the pay at the pumps concept as it must cost them big time in lost revenue from sale of food, drinks, etc.

Other messages in this thread:

View Entire Thread

OPEC - MrHodja - 10/21/2008 2:50:03 PM

We can't drill - water_watcher - 10/21/2008 3:02:57 PM

Maybe Price Controls - MrHodja - 10/21/2008 3:10:06 PM

Iran is quite a place - MartiniMan - 10/21/2008 4:25:15 PM

We can't drill - muddauber - 10/21/2008 4:46:31 PM

Pricing Gasoline - GoneFishin - 10/21/2008 5:08:57 PM

Pricing Gasoline - MartiniMan - 10/21/2008 5:46:10 PM

Pricing Gasoline - water_watcher - 10/22/2008 7:27:25 AM

Pricing Gasoline - TBird - 10/21/2008 5:59:26 PM

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