Thread: Diesel prices
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Old 03-13-2008, 06:39 AM   #206
skypilot
Montana Master
 
Join Date: Jul 2004
Location: Manhattan
Posts: 1,144
M.O.C. #1846
Years (and years and years) ago I worked for Phillips 66 and then Texaco in Albuquerque. At that point we used to get the fuel dumped and then would pay the jobber (dealer) for the gas sold that past week. So, in hind-sight, we were charging for what we had in the ground. As mentioned several times, a coworker's husband is the local BP (now CENEX) station owner and brother-in-law is the 'jobber' as I recall their terminology. Regardless, BIL comes in with a load of fuel from the bulk plant and gets paid for the load before it gets put into the ground tanks. Price at the pump has already been raised to cover the cost of what is being brought in. So, in this model at least, we have gone from a pay for what we got in the past to a pay for what we have to replace it with costing. With computers that price changes hourly and the academic community has seen discussions wondering how long it will be before we start seeing the same at the consumer level....
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