The big citywide yard sale was Saturday. We mananged to make a little money so it was okay. We got out yesterday afternoon for our usual Sunday grocery run and noticed that gas had fallen in price from $3.09/gallon to $2.97/gallon. IF, notice the caps, nothing else changed, the change in gas price was due to the citywide yard sale and the expectation of a larger than normal shopping day.
As good as that theory sounds there is a flaw. The day before the citywide yard sale, our regional television station came to town to do a story on us because we had the cheapest gas in the area. With the increase in demand, driven by the news story, the service stations raised their prices. Even this theory doesn't comleted explain the yard sale gase price increase. If the demand was up, why did the price of gas go back down the next day?
The change in gas prices was in response to both stimuli. The initial increase was due to the expectation of more customers in town because of the citywide yard sale and the new story. When the yard sales were over and the customers were not in town, the demand dropped and so did the gas price.
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