{"id":11833,"date":"2014-12-14T09:00:35","date_gmt":"2014-12-14T14:00:35","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=11833"},"modified":"2014-12-14T11:06:09","modified_gmt":"2014-12-14T16:06:09","slug":"petrol-pumps-love-low-oil-prices-too","status":"publish","type":"post","link":"https:\/\/www.Centives.net\/S\/2014\/petrol-pumps-love-low-oil-prices-too\/","title":{"rendered":"Petrol Pumps Love Low Oil Prices Too"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2014\/12\/121414_1603_PetrolPumps11.jpg\" alt=\"\" width=\"639\" height=\"360\" \/><\/p>\n<p>Oil prices are at remarkable lows and while this is creating a <a href=\"http:\/\/www.economist.com\/news\/leaders\/21635472-economics-oil-have-changed-some-businesses-will-go-bust-market-will-be\">host of problems<\/a> for oil producing countries, the companies that sell oil are rejoicing just as much as consumers are wrote Jonathan Fahey:<\/p>\n<ul>\n<li>Petrol pumps have to buy oil on international markets, therefore the low oil prices are causing their costs to go down.<\/li>\n<li>Since prices are lower customers are less price sensitive and are less likely to look for the cheapest pump. This allows petrol pumps to have a greater spread between the price they buy and sell at.<\/li>\n<li>Usually this spread is about 17.1 cents per gallon in the US. These days the spread is about 21.7 cents per gallon.<\/li>\n<li>And since prices are lower consumers are buying more, further boosting profits.<\/li>\n<li>After filling up drivers may even have some spare change which they could use to buy the truly profitable items \u2013 the drinks and snacks.<\/li>\n<li>Low prices also make for nicer customers to the relief of attendants across the world.<\/li>\n<\/ul>\n<p>Read about why buyers shouldn&#8217;t be too upset about petrol pump profits rising, other reasons why petrol pumps are happy, and more over <a href=\"http:\/\/www.washingtonpost.com\/national\/like-low-gas-prices-so-does-the-station-owner\/2014\/12\/12\/e81d86da-8221-11e4-b936-f3afab0155a7_story.html\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.washingtonpost.com\/national\/like-low-gas-prices-so-does-the-station-owner\/2014\/12\/12\/e81d86da-8221-11e4-b936-f3afab0155a7_story.html\">The Washington Post<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices are at remarkable lows and while this is creating a host of problems for oil producing countries, the companies that sell oil are rejoicing just as much as consumers are wrote Jonathan Fahey: Petrol pumps have to buy oil on international markets, therefore the low oil prices are causing their costs to go [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"https:\/\/www.Centives.net\/S\/wp-content\/uploads\/2014\/12\/121414_1603_PetrolPumps11.jpg","_links":{"self":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/11833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=11833"}],"version-history":[{"count":3,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/11833\/revisions"}],"predecessor-version":[{"id":11837,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/11833\/revisions\/11837"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/11835"}],"wp:attachment":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=11833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=11833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=11833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}