RS, I need to resign myself to the fact that I can't educate you.
Cheers
Before you attempt to "educate" someone, you should first ensure you have a clue what you're talking about.
Let's take a look at some facts, shall we? These are the mid-grade and premium gasoline sales volumes for the last six reported months, as tracked by the Energy Information Administration and released on the 22nd...
Prime Supplier Sales Volumes
All figures in 1,000 gallon units, per day
-------------
Mid-grade ----
Premium ---
Nov '08 ---- 16,491.1 ----- 31,416.7 --- Sales of Premium
1.905 times that of Mid-grade
Dec '08 ---- 17,190.1 ----- 33,378.5 --- Sales of Premium
1.941 times that of Mid-grade
Jan '09 ---- 16,088.8 ----- 30,831.9 --- Sales of Premium
1.916 times that of Mid-grade
Feb '09 ---- 16,748.0 ----- 31,771.0 --- Sales of Premium
1.897 times that of Mid-grade
Mar '09 ---- 16,583.3 ----- 32,765.1 --- Sales of Premium
1.975 times that of Mid-grade
Apr '09 ---- 17,336.6 ----- 33,676.2 --- Sales of Premium
1.942 times that of Mid-grade
To save a bunch of bull about those figures not really addressing your statement,
"...as soon as the price of gas hits a certain high point, the premium sales drop like a rock. NOBODY BUYS IT. Are you getting that?", I'll also cover the three months with the highest recorded average monthly prices for premium, ever. Those would be June, July and August of 2008, with average prices per gallon of 428.4, 429.8 and 402.2, respectively...
Prime Supplier Sales Volumes
All figures in 1,000 gallon units, per day
-------------
Mid-grade ----
Premium ---
Jun '08 ---- 18,282.1 ----- 28,532.9 --- Sales of Premium
1.560 times that of Mid-grade
Jul '08 ----- 18,191.0 ----- 29,144.2 --- Sales of Premium
1.602 times that of Mid-grade
Aug '08 ---- 17,701.8 ----- 30,559.3 --- Sales of Premium
1.726 times that of Mid-grade
These figures show that
even at the highest prices in US history, premium still far outsold mid-grade gasoline. All of which flies in the face of your supposition that premium gasoline doesn't sell when prices rise, and that it isn't selling now. It seems that your "NOBODY" buys an awful lot of the stuff,
premium gasoline sold to the tune of more than 29 million gallons a day at the highest average price in history!
Are you getting this?
If you question my figures, feel free to disprove them. I'll even point you in the direction to do so...
EIA - Petroleum Data, Reports, Analysis, Surveys
Go ahead, dazzle us all with this knowledge you proclaim to have...
