Tuesday, June 17, 2008
Fury as Britain’s greediest petrol station charges £1.99 a litre
Two things: 1. A higher price with less supply would indeed moderate demand in a sensible fashion would it not? 2. If the guy has half the petrol to sell in a week than he normally has - doesn't he have to sell it at twice the price to remain in business. Otherwise - he will go out of business and there will be less service stations.