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So I’ve been reading a lot lately about the pain of independent gas stations and how they’re struggling with falling fuel prices. It seems they haven’t been buying gas often enough to mark down their prices as quickly as their chain competitors.
Funny, but I don’t recall independent gas stations raising their prices more slowly than their chain counterparts. In fact, I remember them following rising prices lockstep.
Seems to me, if independents were buying gas as often then as they are now (i.e,, not as often as their bigger rivals) they would have been stuck with lower-priced gas. Thus, they could have raised their prices more slowly and undercut the competition, albeit at the expense of higher profits.
If you recall that happening, let me know. I could be wrong, as most mom-and-pop gas stations in York County, PA are gone — I can think of only two).
It’s easy to work up sympathy, but the effort shouldn’t cloud logic. If they were smart, independent-station owners have some extra cash left over from the days of skyrocketing prices (credit-card fees notwithstanding).
Or, like Wall Street titans, they thought “up” was the only direction prices could go.
I’ve solved the energy crisis, at least the political one. Republicans want more drilling and refineries and Dems want more conservation and cars with better fuel efficiency. Why not have both?
If cars and SUVs and pickups really do end up traveling more miles per gallon, we won’t need more refineries or more drilling — but at least oil companies will have the option. Everyone gets what they want and gas can fall back to $1.30/gallon (I remember one colleague complaining when it hit that mark nine short years ago),
But, of course, Washington doesn’t work that way, at least for the moment. It’s more fun to yell and scream and block the other side from getting what it wants than it is taking a risk and figuring out how to satisfy everyone. And it is a risk.
But some country singer appearing on Glenn Beck’s show had a good metaphor for why we need more domestic drilling — he compared it to surgery (and no, I don’t think this particular singer had much background in energy policy, but so what?). Sure it might hurt, but you gotta do it.
The analogy worked for me, and then I figured it was worth approaching conservation and fuel efficiency in a similar vein. That’s like the special diet you have to go on after, say, a gastric bypass operation. In many cases, surgery alone won’t cure you. It just postpones the agony.