Well, I have noticed it can drop pretty fast sometimes, but people tend to notice a lot more when it goes up than they do when it goes down.  Besides, the idea in business is to sell your product for as much as you can get.  Ben Franklin summed it up when he said, “Buy cheap and sell dear.”  Now, pretty much everybody feels that way when THEY are the one doing the selling.  I’ve never heard anyone say, “The realtor says I can get 230K for my home, but I only paid 110K 7 years ago, so I’m going to list it for 160K, just to be fair.”

Bill in Willcox

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From: az-geocaching-bounces@listserv.azgeocaching.com [mailto:az-geocaching-bounces@listserv.azgeocaching.com] On Behalf Of Gale
Sent: Thursday, March 10, 2005 3:11 PM
To: listserv@azgeocaching.com; bill@freeholder.com
Subject: RE: [Az-Geocaching] Gas Prices

That may explain why it goes up immediately, but why doesnt it also go down immediately?

Bill Nolan <bill@freeholder.com> wrote:

Well, let me just comment on a couple of aspects of retailing.