Why does the price of gas change daily?

Question

The gas stations few a huge tank every so often and then charge all different rates for it. Why can't they just figure out a price they can make a profit at until they have to buy more gas to refill?

Answer 1

when the price of gas comes in they have to adjust for what the NEXT shipment will cost.  The price of oil changes all day- it might start the day at 125 a barrel drop down to 123 at some point but end the day at 126 or 127.  I'm not saying they aren't making a profit but they have a certain profit they "need" to make so they adjust for that. That's how it was explained to me anyway....    

Answer 2

the price of oil is going up i believe because of the war. the more expensive oil is the more expensive gas is. thats what ive heard

Answer 3

what goes on in the world and what the mind set of the owner is.  

Answer 4

the gas stations few a huge tank.....?

while most stores and restaurants CAN change their prices

hourly or daily, their suppliers keep their prices

rather constant; with speculators, fuel prices are often "bought or sold"

months or days or weeks into the future; that is called

commodity speculation. I just wish those same speculators would

become victims in restaurants or elsewhere; by the time they have

gotten a waiter, their food prices should be increased.

When suppliers change prices daily, the retailers choose

to change their's daily.

Answer 5

The high price for gas sucks. I got a gift card of $1000 (!!) for gas. Just needed to complete a few simple steps.