OK, guys, it’s time you dropped your prices. Mostly because it will benefit me, the consumer, because I have put off filling up in anticipation of a price drop. Why do I expect that? Because, counter to all the media fearmongering last week in light of BP’s closing its Alaska oil pipeline, I know that the futures price of gasoline has dropped. It’s dropped considerably. It’s down 26 cents per gallon since last Monday, when the BP news was announced. But you, the retailers on my commute (yes, you, on Hwy. 401 S) ? you’re down only two cents since last week.
Now, maybe you’re making up for not raising your prices above $3/gallon a couple of weeks ago when you probably could have. Believe me, I’m grateful. But just two weeks ago, I noticed, when futures priced dropped 10 cents in a week (from $2.31 on July 24 to $2.21 on July 31), well, by Aug. 3 you had dropped 10 cents too (to $2.899). But you have hardly budged since then ? you’re collectively at $2.879 although since last Thursday the futures price has hovered around the $2/gal mark, closing Thursday and yesterday (Monday) barely below $2.
So cut it out. I’m on fumes. I see no need to pay 25 cents per gallon more than I should. That adds up to almost $5 dollars more than necessary.
And don’t worry. I give the state hell about its insane gasoline tax, too. After all, that’s 50 cents more than I should have to pay. But it’s bad enough that, because of taxes, I’m having to tack on an additional $10 per fill-up; let’s not make it $15.
