2min chapter

Animal Spirits Podcast cover image

Volatility Hits Main Street (EP.265)

Animal Spirits Podcast

CHAPTER

Gas Station Owners Getting Blame

Gas station owners tend to raise the price at their pump slowly, so as not to discourage customers from stepping in side their convenience stores. They charge more for pop corn and stuff. That's whre they ae their money ad the pop corn and the soda and all that stuff. The reason is quoted fom an article here, when wholesale prices go down, the owners also tend to lower price more slowly,. because they have to recoup what they have already paid to fill the tanks.

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