http://www.lebanondailyrecord.com/news/local/article_68319692-c513-11e0-9de2-0019bb30f31a.html
A tad bit of backfill:
The local Eagle stops are owned by one man, who is also a local distributor. The Johnson stations (conoco's) are all owned by another man, also a local distributor.
Both own fuel stations/convenience stores across the street from one another in two separate locations in town (all along I-44), one grouping is at my interstate exit (127 exit).
Both will start the day at a "reasonable" value ($3.29/gal today) and then one will lower their price two cents. Then the other will lower theirs 4 cents.. Etc, etc... As soon as the one store closes (7 pm) the other store goes right back to that "reasonable" value that they started with. Sunset, sunrise, back at it again.
I gotta say myself (and my dealership) have been raking in the savings!!
Then I read the article above today.. Now, I may not be in the gas business, but I am in the retail business and I can't seem to wrap my head around these stipulations that gas stations are under... For instance (from the article):
That ain't how it works in any other retail business! I am allowed to make whatever profit or loss I would like!
So, forum lawyers, explain this to me in terms I can understand?