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 Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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