Re: This winter's fuel prices

Posted by sloroll on June 03, 2005 at 15:40:29 from (69.66.43.59):

In Reply to: This winter's fuel prices posted by Mark - IN. on June 03, 2005 at 15:24:04:

If when selling fuel you follow the prices of crude you will lose money. IF I bought a unit last week at $5.00 sell for $6.00 I MADE A DOLLAR!! YEAH! Now I see, I didn't raise my price of gas as crude rose and I have to buy at $6.50... Ohhh! I didn't make a dollar I lost 50c!! How long can that happen?
That is why the fuel prices rise as fast as crude. Since supply is tight one must speculate at the rate at which fuel will rise for you too. If it looks like crude will spike the gas at the pump may go up slightly faster than the initial crude price. Because of Supply Demand economics when the crude drops the persons with the fastest turn over will drop prices fastest. If you are a slower seller you will be stuck with higher price fuel. You can do one of two things; eat the loss or continue selling your product at a high rate and lose customers. This is simplified but basicly an answer to your issue.

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