21 of 30 - Grading Petroleum
Jun. 27th, 2008 05:33 pmWhen Regular was a dollar, I'd have assumed Mid cost 10% more to produce/provide, and Premium 20% more, hence the price. This seems like a logical deduction to me. But by that logic, Premium should presently be $5.54, not $4.82. At the latter price its now only 4% more expensive than Regular.
So whats the deal with the different grades?
Also, who buys the Midgrade (and btw its not called "Midgrade" at the pumps. I can't remember what its actually usually called around here). It would seem to me most people buy the Regular because its cheapest and there's not generally believed to be a worthwhile difference. However, I know some people want the best of everything, so they'll buy the premium for their gold plated hummer H3s. But who thinks "I want a little better, but I'm only gonna go 2% better, 4% better is just gratuitous!" ?? It seems to me there'd be no market for the midgrade.
Picture of the

Indiana, Illinois, Nebraska and Wyoming!!
Thats a year ago yesterday actually. Year ago this day was actually Yellowstone, for which I have piles of awesome pictures, but I'm still entertaining the fanciful idea I'll post entries more than once a day and catch up (and so will have an entry to devote to that).
Also, don't believe his filthy lies,
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