I’m not an economist, but I’m going
to play one on the internet today. I mean, I have a minor in International
Business, so that has to count for something. Basically, I learned that culture
is important in business. And guns and butter are a thing.
Which brings me to gas prices. They
can differ significantly depending on location and time of year. There are
taxes involved, which impacts the price, as well as supply and demand. For
example, with millions of people traveling for Thanksgiving and more people
needing gas, you can expect prices to increase. There's also microeconomics and macroeconomics. I'm just going to write economic terms!
All of this brings me to a gas
station a few miles from my Northern Virginia home. Last week, I dropped off my
two younger kids at school and got gas for the car. The price was $2.759 per
gallon. Nearly 12 hours later, I returned to the same gas station and the price
was $3.099 per gallon, an increase of 34 cents. Knowing that this would be
pointless, I went inside the store to ask for an explanation. The guy simply
said that they have no control over the pricing as this is done by corporate.
So my next step was contacting
corporate. While I won't say the name of the gas company, the first three letters
are the same as a star closer to Mercury and Venus than Earth. It's also very hot. Anyway, this
company passed me on to their partner, who has free Slurpees on a specific day
in July, since they own and operate this location.
This is the message I received:
Thank you for contacting us with
your question about the change in fuel price at our location in redacted. Although I do not have the specific metrics as to why the price
changed yesterday I do know that our Fuel department felt the need to change
the price throughout all of Northern Virginia. The prices may go up or
down several times a weeks for any number of reasons. I appreciate your
interest in this matter and for being a loyal customer.
Now my turn:
I appreciate your quick response.
While I certainly understand that gas prices may fluctuate regularly, an
increase of 34 cents per gallon on the same day seems extreme. I'm just trying
to figure out an explanation of why there was such a significant increase in
such a short amount of time. Are there any specific reasons?
Naturally, I haven't
heard anything back from my email. There wasn't a natural disaster in Northern Virginia causing disruptions in getting gas to the station. Instead of speculating, let's play a game. Please leave your
guess (real or silly) as to why gas prices at this particular station went up
so much.






