Problem is, when gas is at ablow price, everyone wants tongill up their tanks thus increasing the demand. And obviously gas stations and gas companies are greedy people, so they won‘t lower the prices again until it starts hurting their turnover.
Personally I don’t believe that’s the case. Most people fill up when they need to fill up not because it reached a magic price. It’s not like most people have a choice and can say they aren’t going to drive to work this week because gas needs to drop a few more cents before they go fill up.
It was the cheapest I had seen since 2021 last week for like 36 hours and then overnight jumped up 12%.
It always goes down slowly over a three week period and then hits a low for 1 day and then goes up 10% or more overnight.
Problem is, when gas is at ablow price, everyone wants tongill up their tanks thus increasing the demand. And obviously gas stations and gas companies are greedy people, so they won‘t lower the prices again until it starts hurting their turnover.
Personally I don’t believe that’s the case. Most people fill up when they need to fill up not because it reached a magic price. It’s not like most people have a choice and can say they aren’t going to drive to work this week because gas needs to drop a few more cents before they go fill up.