
How to run a petrol station
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The Price Reporting Agencies
Price reporting agencies are generally regarded as having integrity. The very fact that it's a highly competitive market means that if you'v got a a reputationfor for nudging a price up or down, alongside what some market participants like want, you wouldn't last. You would lose your subscribers. And this has been te the volativity that has caused so many difficulties in the industry. Within within two days, the price had gone up over fivepence. Can we get to this thing that when the price changes, it goes up like a rocket, and when they come down, they come down much more slowly, like a feather? Now is that true, david?
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