Market Forces at work...LOL

Messages
43,656
Location
'Stralia
There's a petrol price cycle at work downunder. Price drops till about lunchtime wednesday, then rises before the weekend. Described as market forces at work, trying to get people to buy fuel at the start of the week, and not buy close to the weekend when they travel. Today, price in Sydney was down to $1.10 per litre in the morning, in the arvo, it rose to $1.25...purely market driven. BTW, we've got a long weekend coming up, and more Aussies travel then ever on a three day weekend. Further, LPG (propane) is doing strange stuff. Fed Govt, worried about fuel prices and interest rates gave us a $2000 cheque for converting to LPG. Since then, it's risen by nearly 10c/litre....that's market forces, particularly on a fuel that is a byproduct. Diesel...rose with crude, never bothered to drop, and never rose today either. Airlines introduced additional fees with rising crude prices. Crude prices dropped, but airlines need to wait and see what's going on before dropping them. But bread, milk, and butter are the same price for an entire week, regardless that people have more BBQs on the weekends (oops forgot to mention beer, whose consumption skyrockets Thurs, Fri, and Sat), and that bread's not baked every day.
 
Messages
7,077
Location
Ontario, Canada
Toronto gas prices used to be lowest on certain days of the week, staying the same all day, but in the last couple of years, the "market forces" suddenly changed, and now we have high prices during the day, and low prices at night, every day of the week.
 
Messages
7,077
Location
Ontario, Canada
...and every evening, around 11:30 pm, BAM! suddenly the "market forces" cause the price all across town to rise by 10%, to the price set for the next morning.
 
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