21 Mar 06 20:20, mark lewis wrote to Mike Powell:


 >>> Her3e is Sunny Southern California where the Gas Pricesc are about
 >>> the highest i nthe Country we are not paying about US $2.65 per
 >>> Gallon, that is roughly US 0.70 per Ltr.

 MP>> In the part of Kentucky that I live in, the gas folks watch
 MP>> the news, and when high prices like that get mentioned, they
 MP>> raise theirs up to match. We've been paying close to that
 MP>> lately.  I think it is 2.45-2.49 today.

 ml> ya know? the problem i have with all this gas price inflation is that
 ml> they raise the price of the gas and the truck hasn't even been by and
 ml> brought the more costly gas yet! how can they raise the price of the
 ml> gas that is already in their tanks?!?

They go out to the pump, unlock the cover and adjust the price. The pump
calculator takes care of the rest. :o)

Of course, you meant; How could they dare to raise the price of fuel
they've already got in the tank?

It's kinda like when your stock portfolio contains stocks that you paid a
higher price for than the current market price. If the current price is
lower than you paid, you buy more to offset the cost of the higher priced
stocks you presently own. If the current price of your stock is higher,
you sell or maintain your present holdings. Overall, ideally you're
padding your loss by buying at the lower cost or you're selling for
profit. That's how it works in the gas industry too, only in reverse.



Roy
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