Reply #6: I was taking to my mechanic a week ago... [View All]

[KansDem]

He manages a Sinclair station that is situated across the street from a Conoco station. He told me one day recently he saw them change the price for gasoline three times in one day (all increases). When they do, he tries to keep his at the same price for a couple of hours, till the owner calls him and tells him to raise his price (the owner lives nearby and will drive around to compare prices. When she sees the other stations raise their prices, she does the same).

Incidentally, he told me he makes about 3 cents for every gallon of gas he sells. I guess the rest, excluding taxes, goes to the oil companies and all the middlemen.