iodi wrote:Meh. I'm surprised they haven't done this sooner.
Different customers pay different prices for all sorts of things. For example, Australian consumers have often complained about the weekly pattern in their petrol prices - that is, peak on Thursdays, low on Tuesdays. But it is just supply and demand in action. People demand more petrol on Thursdays, in anticipation of the weekend. Demand goes up, so price goes up.
Joel wrote:learn something new everyday, i did not realise petrol prices are so dynamic in australia.
I guess in reality they are just testing the theory that people are poor because they are stupid or lazy, so if they put up their prices in poor areas they will be too stupid to notice or too lazy to travel to get a cheaper price. Be interesting to see if this proves to be correct.
iodi wrote:Joel wrote:learn something new everyday, i did not realise petrol prices are so dynamic in australia.
Like clockwork (Source: ACCC):
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