price collusion is free speech, just ask the petrol stations
That’s not how that works. They aren’t working together so when they look out the window and see the price they match or go lower. When the rental corporations are working together they agree on higher prices.
Gas stations actually make very little profit on the gas itself. It’s the attached mini mart that brings in the cash.
They aren’t working together so when they look out the window and see the price they match or go lower.
The stories my wife tells me about her gas station job say this is wrong. Her boss has binoculars readily available so they can see if the station across the street changes their prices, and they’d follow suit.
Yes. But people are also extremely sensitive to the price of gas. So if he wants to draw more people he drops it. It’s chained, but not a cartel.