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Actually, that’s not correct about gas stations. Having worked at one, we would check the prices of the two others on the same road once every hour. These numb
by Tehnix 6y ago
Actually, that’s not correct about gas stations.
Having worked at one, we would check the prices of the two others on the same road once every hour. These numbers were reported into HQ, and a price adjustment would be made to be lower.
It’s very competitive and people are willing to drive or wait until a different time of day to get a lower price.
EDIT: Maybe I should have said: that’s at least not the case everywhere.
- Kinrany 6y agoThe question is, would you also adjust the price when the others increased their prices? If a store knows that the other store will raise their price in response, they can collude without an explicit agreement.
- kevin_thibedeau 6y agoThis isn't practical without an electronic sign.
- Tehnix 6y agoIn all the parts of the world I’ve been in, I’ve never seen a gas station without an electronic sign?
- jeffrallen 6y agoYou might enjoy a trip to Aru, in eastern DR Congo. The gas pumps were run off of a gas generator!
- kevin_thibedeau 6y agoYou only have to travel to third world countries like USA.
- boogies 6y agoI don’t have downvote yet and you’re tempting me to flag you. The US is a vast and diverse country with plenty of areas that aren’t homogeneously Liechtenstein rich but it’s far from any widely-established definition of a third world country.
- andybak 6y agoPumps? In Cambodia and parts of India I saw plenty of gas "stations" that consisted of rows of repurposed plastic water bottles.
- khuey 6y agoYou must be pretty young then.
- wnoise 6y agoIt's quite practical. Takes a few minutes at most to change by hand.
- kayfox 6y agoSome states in the United States limit the number of times a week a gas station can change their prices.