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GasBuddy News Article

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Why do gasoline prices rise so quickly and fall slowly?

Asbury Park Press -- Gasoline seemingly goes through a maze to get from the oil field to your car, with the price adjusted multiple times along the way. But there’s a simple explanation as to why gasoline station owners raise prices faster than they lower them: because they can.

It could be called a dirty little secret, but it’s not even a secret. In fact, there’s a phrase for it – up like a rocket, down like a feather. And to motorists, it’s awfully irritating.

“It seems like you’ll read in the paper that the price for a barrel of oil has fallen, and then you’ll have to wait forever” before it hits your pocketbook, said Joan Freyer, a Deposit, N.Y., resident who was visiting the Shore on vacation last week.

After declining nine consecutive weeks, gasoline prices are on the rise again, cutting into


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Submitted Jul 23, 2012 By: MidNJ
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Why do gasoline prices rise so quickly and fall slowly? Back to Topics
REPLIES (newest first) Post a Reply
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tomok
Champion Author Portland

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Message Posted: Jul 27, 2012 2:53:13 AM

Fuel at the pump does go up like a rocket and down like a feather, so very true. Fuel retailers and suppliers try to get the most money for their product. If volume sold goes down, drop the price a little. When volume sold goes up, raise the price slightly. There is No supply and demand, Big Oil will charge what they want because they can. If you don't like the price of fuel at the pump, try the other fueled vehicles (such as EV's or Inbreds) that may cost less to fuel the vehicle for the miles driven.
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost.
The price of fuel at the pump is too high!
12/22/2012
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1006
Champion Author Birmingham

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Message Posted: Jul 26, 2012 7:57:01 PM

who likes to lower prices when you are on that side?
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honda0105
Champion Author Tallahassee

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Message Posted: Jul 25, 2012 6:18:03 AM

PCW: nah... answer: Pig Oil greed.
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PCWHIZ
All-Star Author Denver

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Message Posted: Jul 23, 2012 10:37:44 PM

Why do gas prices rise so quickly & fall slowly? That's the million dollar question.
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bston
Champion Author Oklahoma City

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Message Posted: Jul 23, 2012 10:23:52 PM

Seems like a gamble & we can't win.
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A2J
Champion Author Richmond

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Message Posted: Jul 23, 2012 9:34:21 PM

Oil Politics
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PDQBlues
Champion Author San Diego

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Message Posted: Jul 23, 2012 9:32:45 PM

FuelishGuy: Capitalism 101: Thou shall make a profit ...the more the better ...the faster, even better!

And what we lack then is competition. Capitalism works for the consumer ONLY when competition is strong. But the oil corporations collude, and as such, there is no competition.
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FuelishGuy
All-Star Author Edmonton

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Message Posted: Jul 23, 2012 7:37:11 PM

Capitalism 101: Thou shall make a profit ...the more the better ...the faster, even better!

If you can't beat em, join em. Buy the oil companies before the Chinese scoop them all up. Limited time offer; batteries not included.
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bwatchingu
Champion Author Arkansas

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Message Posted: Jul 23, 2012 5:25:36 PM

I have to the word-greed.About 4 years ago the Murphy USA(at Walmart)all of a sudden raised their price $.15 the same day as gas and oil was still going lower.Called the home office and asked them for an answer-they couldn't give me one,and said someone would call me back(didn't)and before I ended my call I told them that I posted their price on GasBuddy and that their price was the highest in the state of Arkansas.They dropped their price back down within one hour.Another raised their price later but only briefly only because they thought they could make extra money.They admitted such to me.GREED
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PurplepassionNC
All-Star Author North Carolina

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Message Posted: Jul 23, 2012 4:52:08 PM

Called greedyness....
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dcone2
Champion Author Los Angeles

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Message Posted: Jul 23, 2012 2:25:33 PM

We're getting ripped off again!!
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leemun
Champion Author Utah

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Message Posted: Jul 23, 2012 2:20:24 PM

On greed:

"The public may curtail my profits any time it wishes – by refusing to buy my product. . . . Any other method of curtailing profits is the method of looters – and I recognize it as such.”
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Fitwit
Champion Author Stockton

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Message Posted: Jul 23, 2012 12:09:57 PM

There seems to be a greed consensus.
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Soglaos
Champion Author Virginia Beach

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Message Posted: Jul 23, 2012 11:57:01 AM

greed
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Bigtex09
Champion Author Dallas

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Message Posted: Jul 23, 2012 11:50:43 AM

greed
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zoomer20
Veteran Author Indiana

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Message Posted: Jul 23, 2012 11:39:04 AM

Big oil and stock market greed. Just because oil goes down doesn't mean that my saved cash is "disposable income"...no such thing in my book. Just means I have the money to pay another utility bill on time, do to the screwed up economy. The only thing that was disposable was my job of 20 years that was eliminated due to corporate greed over the past 10 years or better.
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jcdakota
Champion Author Baltimore

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Message Posted: Jul 23, 2012 11:05:16 AM

This was a very informative article -- any ideas how to get it to operate at the same speed up or down?
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TXryder
Champion Author Texas

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Message Posted: Jul 23, 2012 10:57:31 AM

quite obvious out here.... G R E E D !
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ampinoy13
Champion Author Oregon

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Message Posted: Jul 23, 2012 10:55:45 AM

Speculators and oil company GREED!
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bobsalwaysmt
Champion Author Long Island

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Message Posted: Jul 23, 2012 10:54:06 AM

Manipulation!
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ARCO
Champion Author Pittsburgh

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Message Posted: Jul 23, 2012 10:52:43 AM

ALL ABOUT THE $$$$
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sciotosix
Champion Author Dayton

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Message Posted: Jul 23, 2012 10:43:19 AM

Because they can.
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zaq001
Champion Author Atlanta

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Message Posted: Jul 23, 2012 10:42:37 AM

ok
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tes283
All-Star Author Tampa

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Message Posted: Jul 23, 2012 10:40:58 AM

If we'll pay, why not charge more?
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AJeepLife
All-Star Author Ottawa

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Message Posted: Jul 23, 2012 10:40:15 AM

the FREE MARKET economy is the plus and the minus to most prices in North America- but the fact remains that BANK INTEREST- at 15-27.99% and oil/gas prices -exaggerated and inflated- are designed to manipulate the economy and to make it FREE- only to those that control it- not to US the actual economic participants.

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viperahul
Champion Author Oakland

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Message Posted: Jul 23, 2012 10:39:41 AM

Greed.
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SUPERQUACK
Champion Author Sacramento

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Message Posted: Jul 23, 2012 10:39:37 AM

YES ..... GREED !!!!!!!!!
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TWS658
Champion Author Portland

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Message Posted: Jul 23, 2012 10:38:07 AM

Greed!!!!
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zeeflyers
All-Star Author Pittsburgh

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Message Posted: Jul 23, 2012 10:37:13 AM

so big oil makes more money. DUH!
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Homito
All-Star Author San Antonio

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Message Posted: Jul 23, 2012 10:37:02 AM

who will help us? who will free us?
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Homito
All-Star Author San Antonio

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Message Posted: Jul 23, 2012 10:36:44 AM

hostages in a carbon-based empire.
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CPayZombie
Champion Author Phoenix

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Message Posted: Jul 23, 2012 10:36:19 AM

When one's back hurts, one tends to move quickly in the direction of the least pain. As things improve, one move slowly into another position.
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ROSYMI
Champion Author Michigan

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Message Posted: Jul 23, 2012 10:31:52 AM

they are just making their money who cares what we say
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bullfrog69
Champion Author Texas

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Message Posted: Jul 23, 2012 10:31:47 AM

Don't buy and watch it fall like a lead ballon!
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regasaz
Champion Author Phoenix

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Message Posted: Jul 23, 2012 10:31:09 AM

Retailers jump prices immediatly to increase their profit magins. When you see prices jump 12 cents and no deliveries made in the past 24 hours, there is no other excuse.
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fervid
Rookie Author St. Louis

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Message Posted: Jul 23, 2012 10:29:10 AM

They just need a law/requirement as to how many times or how much the price can change per day. Something like 1 change per day up or down a max $.03 change. You choose up when everyone else goes down then you get to deal with lost profits/customers for the day.
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Car54BC08
Champion Author British Columbia

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Message Posted: Jul 23, 2012 10:28:47 AM

Oil dropped today and see if we ever see it at the pumps. I doubt it.
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lonewolfhead
Champion Author Texas

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Message Posted: Jul 23, 2012 10:28:42 AM

There are resellers that are in the middle that also jack up the price that the stations pass along to the pump
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schatzila
Champion Author Los Angeles

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Message Posted: Jul 23, 2012 10:28:39 AM

No one really knows.
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DeeMamma88
Veteran Author San Bernardino

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Message Posted: Jul 23, 2012 10:27:27 AM

Gouge the consumers!
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deaconjones
Champion Author Cleveland

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Message Posted: Jul 23, 2012 10:26:30 AM

IT IS CALLED GREED......
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Stevedog
Champion Author Michigan

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Message Posted: Jul 23, 2012 10:25:56 AM

it's called collusion and every time there is an investigation dirty politicians can't seem to find anything wrong
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toxigas
Champion Author Oakland

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Message Posted: Jul 23, 2012 10:25:53 AM

"up like a rocket, down like a feather"

Sounds about right.
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VernonOR
Champion Author Oregon

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Message Posted: Jul 23, 2012 10:25:43 AM

Greedy oil companies, refineries, and speculators have a lot to do with the price at the pump.
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91Explorer
All-Star Author Dallas

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Message Posted: Jul 23, 2012 10:24:44 AM

yup that seems correct!
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flatrock14
Champion Author Michigan

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Message Posted: Jul 23, 2012 10:23:49 AM

someone is playing a game on us
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bicycler
Champion Author Ontario

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Message Posted: Jul 23, 2012 10:23:12 AM

Gee that`s funny all the station owners and those who lease say that it is the 'oilbarons' who set the price! Perhaps the situation in Canada is different?
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ShineRunner
Champion Author North Carolina

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Message Posted: Jul 23, 2012 10:22:34 AM

We need government policies that will stabilize the prices. Not with this administraion will we get that.
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MightyDude
Champion Author Minnesota

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Message Posted: Jul 23, 2012 10:22:32 AM

its called GREED
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unicornpmb
Champion Author Buffalo

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Message Posted: Jul 23, 2012 10:22:29 AM

How to make money 101.
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