You're watching...
GasBuddy.com Senior Petroleum Analyst Gregg Laskoski on a gas station in Orlando, Florida, charging very high prices per gallon.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
-- -- no -- wants to pay high gas prices so why would any gas station charged twice as much as others in the area case in point.
One shell station and Orlando Florida is charging find 99 per gallon of regular gas earlier this week.
The price -- as high -- 640 for a gallon the average price in the area 327.
-- wasn't -- advantage of -- but doing anything wrong according to Florida -- since the prices clearly marked by the side of the road so with me now to break -- down.
It's senior petroleum analyst from -- -- great list council I think it's at last -- in last name helping out.
Disgust -- thank you are right -- winning business strategy.
You know Melissa this is something that has a lot of people perplexed but.
Apparently it's working for this particular retailer and it's because they have a captive audience to ride at Disney's doorstep.
When people it's mostly unsuspecting tourists that are getting clobbered with these prices and when people are going to return -- the car that they rented.
That you know they have to fill up the tank in this is where they're making them money.
I mean look at the -- -- six dollars and 44 cents no way you know there's something wrong here it doesn't Don people make a lot.
You know it should but -- I think a lot of people either are in too much of a hurry or they they don't feel comfortable trying to drive around looking for another place to go.
You know it's it's an unfortunate situation and I wish that the -- The local convention and visitors bureau or the chamber of commerce could kind of -- persuade that that gas station to do business in a different way.
What did they can do about it -- I mean we're looking at a map right now and you could see their gas stations all around this guy.
Better and better charging -- -- essentially about half the price not quite but what could local authorities are -- in the visitors bureau whenever really ditto.
There there really powerless.
-- the city of Orlando is not.
In a position legally to do anything and even the state of Florida's own laws.
-- what would say that they're not there's no price gouging that occurs because the state law is so weak.
Price gouging can only occur if the governor declares a state of emergency.
So given the absence of that there's no price gouging is nothing that can be prosecuted.
The other problem with the Florida law is that when it even when.
There is a state of emergency the law doesn't define it doesn't quantify.
What price gouging is Hillary isn't it just says when that when the price of a commodity.
Grossly exceeds the average price for the thirty days prior to when the declaration of an emergency is made it's too vague in and -- pointless since it.
And this -- on.
All over the place right I mean this is this is an extreme example which is why we brought it up -- our talking about it to everyone because.
This happens in other places right where you likely to see something like this going on.
Well you're you're probably most likely to see this in vacation destinations but this particular.
Retailer is by far the most egregious one that we've seen anywhere in the United States.
And when people are looking around -- go to website like -- to see where gas is the cheapest in their area -- mean.
I think everybody who drives -- car feels like they know the patterns of their neighborhood that it's.
You know cheaper -- more expensive near the highway there's gas stations that are more isolated to get away with charging more mean what are the general patterns to look for.
Well certainly any place where you have more competition you're probably going to see prices lower.
Where you're.
You have isolated areas.
That's -- you you know where you're the only game in town with those of the -- -- can pretty much charge a price that there's in the little bit more profit margin.
What your bottom line on this -- do you think that he is making more money because he's charging so much are -- would think you would have just a lot less business because it would dawn on people.
You know that it's too expensive there what do you think -- it is he making more losing more at the -- the back.
I think he's I think he's making a pretty good amount of money.
And because -- there's the people visiting that station are not repeat visitors these are out of towners that you may mean and and -- may never see that station again for another year two or three years.
So that's where the money is it's it's all the out of town visitors -- -- don't know better.
Yeah all right well thank you so much for coming I mean this is caught our attention and and we had to take a look at it.
Thank you --
