Quote:
Originally posted by ltl/fb
The 20 or so companies selling refined gasoline. I don't think they have meetings where they plot to act as a single entity, but I think they do have a tendency to follow one another.
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Except that they don't post prices where they can see what everyone is charging. They find it out because wholesalers don't purchase as much and they adjust.
BTW, federal excise tax I've learned is usually paid upon distribution at a terminal. State taxes are paid at the pump by the retailer.
