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Petrol prices

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dilligaf | 11:46 Thu 13th Apr 2006 | Motoring
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It seems that our local petrol stations increase their prices during bank holiday seasons. I was wondering if it was to cover the extra wages for staff working during the bank holiday period.

If so are they the only retailers to do this? High Street shops normally have sales on to attract customers during bank holidays.

Or is it just a coincidence?
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I doubt it is cover higher wages but more likely to be extra profit taking. Bank holiday means more motoring and more petrol sold, so they can get away with it. It could be worse, I am told by a friend that it is common practice in the U.S. to put up the pump price on a Friday and drop the price on Monday any weekend and even more at holiday times.
I was recently in Norway (very very expensive country) and they have monday - friday prices then they are slashed over the weekend.

I'd have thought with petrol stations it would be supply and demand. There is only a finate amount of petrol available to a garage to sell over a specific period of time. Over holidays there are more people travelling, so more people wanting petrol, hence the price rises to ensure only people who really need it buy it.


If prices don't reduce after Monday, I'd suspect there would be an eliment of profitering by the garages as demand would have fallen to normal levels.

This has been on here a few times before but is still worth posting, if you are fed up with petrol prices you can get a small advantage by joining this............


http://www.pipelinecard.org/

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