Today I heard rumors of stations running out of gas and the pumps being set fill slowly so people will get frustrated. So on the way home I stopped to check it out. The first station was completely out of gas. The next two only had regular, so I filled up (I'm glad my cars don't require high octane). The funny part was, even though they were running short, the price dropped almost 20 cents from the last time I filled up. My wife had the same experience at Costco earlier this week, they were completely out and went next door to sheets who had only regular. I also got heard similar stories from friends and coworkers in other parts of NC.
The second thing is the margin that's normally claimed is pennies. Well the last spike hit and the state started going after several of the stations that were gouging their prices. One station offered a day of gas at cost - 3.38.... this one normally is 3.79+ That's not tons, but its more than a few pennies.
Since I used to be close to the computer hardware business, this margin isn't so bad for a commodity.
It was real interesting that the local news didn't mention anything about stations running out of gas tonight. I wonder when the real crisis will hit?
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