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gas gouging being good economics

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HK

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First recorded activity by BoatBanter: May 2007

Posts: 13,347

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gas gouging being good economics

wrote:
Last night I saw gas for $6.00/gallon but I thought it was a good
thing for the station owner. The station was a quickie type market
where they do not make much profit on gas sales and mostly rely on gas
sales to bring in customers to the store. If he sold all his gas at a
reasonable price, he would have no more customers for his store.
Dissuading people from buying a lot makes his supply last longer and
so he will have customers for his store. I think he is being
reasonable.

It figures you would. So long as the public bends over and someone else
is making a profit from it, well, that's just fine, eh?

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