FaunaClassifieds - View Single Post - So, when will the gasoline buying panic begin?
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Old 03-07-2022, 03:31 PM   #3
WebSlave
The problem will be snowballing. When I was a kid, during one of the gasoline panics of yesteryear, my dad owned a service station. He lamented that he could not raise the prices per gallon to the customer quick enough to be able to pay for the next tanker truck of gasoline he needed to refill his underground tanks. So he was winding up losing money every day. So the sellers HAVE to increase the price they charge a LOT in order to try to predict what the cost to them will be when their current stock runs out. If they guess wrong, they could be out of business pretty quickly. This is a tough game to play.