vision2020
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RE: Gas Prices



Dear Visionaries:

If gas demand is this responsive to a decrease in price, total revenue will increase to gas station owners who lower their price.

The problem of higher gas prices should then be self-correcting.

Steve

 

-----Original Message-----
From: Wayne H Beebe [mailto:whbeebe@turbonet.com]
Sent: Monday, October 04, 1999 11:30 PM
To: Vision 2020
Subject: Gas Prices

 

Previously I mentioned that Jin's Mart had lowered their gas prices to $1.39 per gal for unleaded.  I checked at Jin's this evening.  I was told that by lowering their prices by 5 cents their business has increased by 30%  Moreover, the loss of revenue per gallon has been made up by the increase in the sale of other products.

 

When do you think the other stations will  learn?




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