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A comment on Banks are slow to increase rates on savings accounts, but quick to reduce them. Parent comment

Re:Banks are slow to increase rates on savings accounts, but... by Spooky23 on Saturday July 25, 2020 @09:32AM (#23949043)
The gas station is an agent of the oil company and gets paid commissions. The gas is on consignment, owned by the upstream oil company.

The big oil company uses futures and options to manage risk.

All aspects of that industry have slowly reconsolidated, so the market forces that push prices down are generally weak.

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Re:Banks are slow to increase rates on savings accounts, but... by fennecfoxen on Saturday July 25, 2020 @10:55AM (#23949631)
Also, most gas stations don't make significant profits on gas. They make more profit on the attached convenience store.

There are exceptions (e.g. near airport rental car returns, or in places where drivers aren't paying for their own gas — there used to be a Shell near San Mateo City Hall that always got on the front page of newspapers)

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