What defense could be given to support the phenomenon

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My impression of the gasoline industry is that there is 1) a wholesale price paid to refiners by gas stations who receive large shipments of gasoline in tanker trucks on (roughly) a daily basis, and 2) a retail price for customers set by individual gas stations, which can change multiple times per day. Some people get upset at mid-day changes in the retail price, arguing that all gasoline purchased from a tanker truck early in the morning at a particular wholesale price should be sold at the same retail price throughout the day (i.e., there should be a constant mark-up over the wholesale price). What defense could be given to support the phenomenon of changing retail prices throughout the day, even if the earlier wholesale price has not changed?

Reference no: EM132066665

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