|Received:||5/6/2008 7:17:58 PM|
|Organization:||Crescent Oil Company|
|Agency:||Federal Trade Commission|
|Rule:||Prohibitions On Market Manipulation and False Information in Subtitle B of the Energy Independence and Security Act of 2007|
Comments:The markets that we distribute in are influenced by a major player that owns 20 to 30% market share and they do set the market and everyone else falls in line with them (matches them). So I do not know how you would monitor this, when some states have below cost selling and they sell below cost to put small retailers out of business and the state does not enforce the law. They use fuel as a lost liter to get consumers to buy higher profit items inside the store, while breaking the small retailers. Manipulation in the market place is not the issue in most markets. All retailers are making less on a gallon of gasoline than our Federal and State governments do. The Retailers are the ones that are being manipulated to sell a product for no profit and for negative profit. Credit card fees, environmental cost, equipment compliance, drive-offs; these are just a few cost that we have to deal with to sell a non profit commodity (fuel). All of us when entering into this business thought fuel would be a profit item and now we can not even cover basic cost of the fuel and if we are lucky it may cover the credit card fees. Manipulation not the issue. Survival is the issue.