|
Tractor Talk Discussion Board |
Re: Questions on Diesel vs Gasoline Prices
[ Expand ] [ View Follow Ups ] [ Post Followup ] [ Return to Forum ]
Posted by Alberta Mike on January 13, 2005 at 06:59:26 from (64.42.242.24):
In Reply to: Re: Questions on Diesel vs Gasoline Prices posted by thejdman01 on January 12, 2005 at 19:39:00:
Service stations are just part of the whole "inventory" within the gasoline market when it comes to pricing. When a price goes up or down, before the change at the pumps, computer or gauge readings are taken at the station to determine how much gas is left (or has been sold) at the previous price. For example, if an operator had 2672 gallons left at yesterdays price and the oil company decided that a price change (up or down) was going to happen, then the "refinancing" of the remaining inventory would be done by the computer system. In other words, what the operator is paying for the gas remaining in his storage tanks can actually change up or down even though it is already in there. You are saying that 2672 gallons of fuel should be sold off first at the old price (which probably makes sense) but it doesn't work that way, even when prices drop. If there is a price increase, the operator owes more for what's left and if the price drops, he pays less.
Follow Ups:
Home
| Forums
Today's Featured Article -
Good As New - by Bill Goodwin. In the summer of 1995, my father, Russ Goodwin, and I acquired the 1945 Farmall B that my grandfather used as an overseer on a farm in Waynesboro, Georgia. After my grandfather’s death in 1955, J.P. Rollins, son of the landowner, used the tractor. In the winter 1985, while in his possession the engine block cracked and was unrepairable. He had told my father
... [Read Article]
Latest Ad:
2022 John Deere 5045E, 4wd, front end loader and 3rd function with grapple. 120 hrs, 55k new, must sell
[More Ads]
Copyright © 1997-2024 Yesterday's Tractor Co.
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V. Yesterday's Tractors - Antique Tractor HeadquartersWebsite Accessibility Policy |
|
