It's mainly because gas stations don't set their current gas and diesel prices based on what they paid for the stock they're currently using, but based on what they predict they'll have to pay for their next shipment.

When oil prices are volatile, like, say, because of a war with Iran, then there's a lot of uncertainty of what their next delivery will cost them, so they leave the prices high to build in a buffer. Just because prices fell yesterday doesn't mean that it's going to stay the same or go lower tomorrow. It might spike back up again tomorrow.

I don't think gas station owners are getting that rich on gasoline and diesel. From what I understand, they're very low margin products.

They typically make most of their money on soft drinks, snacks, and nicotine products.

It's mainly because gas stations don't set their current gas and diesel prices based on what they paid for the stock they're currently using, but based on what they predict they'll have to pay for their next shipment.

When oil prices are volatile, like, say, because of a war with Iran, then there's a lot of uncertainty of what their next delivery will cost them, so they leave the prices high to build in a buffer. Just because prices fell yesterday doesn't mean that it's going to stay the same or go lower tomorrow. It might spike back up again tomorrow.

I don't think gas station owners are getting that rich on gasoline and diesel. From what I understand, they're very low margine products.

They typically make most of their money on soft drinks, snacks, and nicotine products.