Why does gas increase at the same time every week?

Question

Ok, so I know that gas is high everywhere right now. What I don't understand is how they price it. I live near Indianapolis, and every Tuesday or Wednesday gas goes up. It goes up to the same price at every station you can see in the area.

The last month, it goes up exactly 10 cents higher than the high price the week before. So you may see a 15-30 cent increase all at once. Then they lower it 2 or 3 cents at a time. This doesn't seem like supply and demand, it seems like price fixing to me.

Answer 1

Yes they (gas stations) are quick to raise the prices and slow to lower them. Also, they seem to jack the prices when ever the newspapers report an OPEC increase, yet the OPEC increases don't affect us for at least a month! What I hate is when they tell us we're lucky, look what the Europeans are paying!

Answer 2

They hate us.......they just hate us.....

Answer 3

If they raise the price everytime the price of a barrell of oil goes up, why don't they lower it when the price of a barrell of oil goes down.

Answer 4

Lets park them for awhile.

Answer 5

Gas usually raises from Thursday - Saturday. Thats when they pay for the shipping of new barrels coming in. Its crazy I know. Ive had the gas station change the price while I was waiting in line. Check out my source below for some helpful tips to improve MPG. It's all we can do now since we can't change the prices.

Answer 6

yep i hear you. it seem like it soo hard to drop the price and no big deal to raise it and some people don't get it when fuel prices go way up so does everything else

Answer 7

Most of the stations in the city probably get gas from the same wholesaler.  When the refinery changes the price, they all change it.

Answer 8

That happens here in Australia too, though Tues/Wed normally cheaper. I agree it seems like a fix, but the authorities over here seem to ignore it and just refer to it as the "price cycle"

It's an all round pain. Will be interested to see if any of your answerers have the goods for this question

Answer 9

gas is increasing due to us not having enough

we usually buy from places like middle east

but rite now there not selling to us

and thats also another rumor why

we are going to war with iraq.