That sounds like the station is price gouging now.

Retail gas stations are allowed to raise or lower their prices once a day. Usually they get a directive from the parent company sometime in the mid afternoon based on the closing price of the open market that day.

The scam here is that if the station is charging $2.50 a gallon and the price of gas drops on the open outcry market that day, they will claim that they cannot lower it because they paid a high price for what they already have in the ground. But if the station is charging $2.50 a gallon and the price goes up on the open market that day, you can bet your bottom dollar that they will raise their price that afternoon.


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