That didn’t last long

[sburns]

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No, many stations are just gouging is all. Don't read too much into it, I guarantee you that joe-gas-gas-station-owner isn't doing any secret squirrel nefarious planning for the future, they're planning for the next few days....and they're in it to make a profit, and charging what the market will bear maximizes profit in their pockets at the end of the day.

Fast food has got stupid expensive now as well, but as long as people keep buying it, fast food places will continue charging what the market will continue to bear.

How can we not read into it, if what you describe is going on then it's not right. Just more of our sht gov, who is benefiting from this with more taxes, does nothing, then we have no choice. And not buying gas isn't a choice, maybe fast food could be or less of it, but reality is there is no choice.

 

[PrivatePilot]

How can we not read into it, if what you describe is going on then it's not right. Just more of our sht gov, who is benefiting from this with more taxes, does nothing, then we have no choice. And not buying gas isn't a choice, maybe fast food could be or less of it, but reality is there is no choice.

It’s capitalism. I know that gas prices are a hot button topic so it angers people specifically, but capitalism works in such a way that there is incentive to maximize profits.

If anybody here owned a gas station and they could make $0.25/L profit instead of $0.05/L profit, they would do the same thing - owning a business isn’t about charity, after all. Anyone who owns a factory would do the same.

If making too much profit is the issue here, then there’s many other companies for which others should also be mad at.

Do you think a large fries at McDonalds should be basically $5, or do you think selling pennies worth of potatoes in a 2¢ cardboard container is a huge easy money profit thing?

There are motorcycle helmets that sell for thousands of dollars. We all know the cost to produce them is much less, typically 1/6th to 1/4 the cost at retail as there are markups at lots of levels, retailers typically being the largest slice. So should we be upset at motorcycle shops for making too much profit there?

 

[nobbie48]

It’s capitalism. I know that gas prices are a hot button topic so it angers people specifically, but capitalism works in such a way that there is incentive to maximize profits.

If anybody here owned a gas station and they could make $0.25/L profit instead of $0.05/L profit, they would do the same thing - owning a business isn’t about charity, after all. Anyone who owns a factory would do the same.

If making too much profit is the issue here, then there’s many other companies for which others should also be mad at.

Do you think a large fries at McDonalds should be basically $5, or do you think selling pennies worth of potatoes in a 2¢ cardboard container is a huge easy money profit thing?

There are motorcycle helmets that sell for thousands of dollars. We all know the cost to produce them is much less, typically 1/6th to 1/4 the cost at retail as there are markups at lots of levels, retailers typically being the largest slice. So should we be upset at motorcycle shops for making too much profit there?

Considering the price difference between factory cost and retail, one would think that the factory price would be lower. It wouldn't.

IKEA sells a shelving unit for $150.00. It might cost IKEA $20.00.

If I was to go up against IKEA my materials costs would be in the in the area of $120 then I would have to add shop overhead. Being a local cash and carry outlet the number of units I would be selling would be so minimal that I wouldn't get bulk discounts on materials.

To get IKEA volumes and pricing would requires untold millions of investments and years of building clientele. The wholesalers, jobbers and retailers all need a cut. Without them IKEA wouldn't be much more than a family business.

Considering the lack of volume and production capacity I would have to charge $300 for the same IKEA unit to eke out a living.

I made a few bucks out of it as a side gig during college, but my client needed custom sizes. I could build a cabinet to fit a 33" opening. Off the rack was cheaper anywhere but sizes were 24" or 36". Space utilization was important to my customer.

If anyone wants to start a custom fabrication business, it's hard to go up against the big guys. The small guy has to develop a name that draws in buyers that can afford custom work.

The numbers mentioned are for BS reference.

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