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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.