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Holiday Gas Prices

Posted: Saturday, December 11th, 2010 at 6:22 am
Author: KCII News - Bill Gatchel

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With holiday travel plans in the near future, many of us are wondering how to budget for the cost of gasoline. George Moore of Moore’s BP in Washington says there is no way to predict how much we will be paying for a gallon of gas in advance. Moore says when they order gasoline from the refinery, whatever the price is at the time of the order determines how much we will be paying at the pump. He adds another factor in the price determination is how much other gas stations in the area are charging. Moore shares that if one station is charging less, it is not good business to be charging more, so he will lower the price to stay competitive. Moore says the station does make a profit off of gas sales, but it is minimal when compared to items sold inside the store.