5 ms·

There's a Lukoil station near where I live. The price they are charging doesn't differ much from say Exxon/Mobil. Is that because they are colluding?

• m000 4y ago
  Of course they are. It is more profitable to hike prices to match your less-efficient competitors and maintain a facade of competition, rather than crushing them to become a monopoly and risk a heavy-handed government intervention.