Filled up the tank of the Liberty at the Shell Station in Riner Tuesday at what then seemed like a bargain $2.69.9 a gallon. Gas in Floyd that day was running at $2.74.9.
Turned out to be more of a bargain than originally thought. On Wednesday, the prices in Floyd jumped 15 cents a gallon and then another 10 cents on Thursday.
In Riner Thursday, the price at the Shell station was $2.99.9. As we drove by the Kroger on 460 Business, noticed the price was $2.84.9. Decided to stop there on the way out of town.
Should have filled the tank before we filled our bellies. After dinner, a stop at the pet store and Home Depot, we headed back to the gas pumps at Kroger to find the price had jumped five cents a gallon to $2.89 in just 90 minutes. The BP station down the street offered the same price so we stopped there.
I notice most gas stations respond quickly when the price of gas goes up but slowly when the price goes down.
Economist call this supply and demand. I call it gouging.
I agree with you Doug. It’s gouging.
We are feeling the pinch here in Lynchburg also. Gas at our local Krogers is 2.99 now and about the cheapest price around. Some have said wait a few weeks and the price will start coming down. i’m patient and will severely restrict my driving till then.