It’s like that scene in Steinbeck’s The Pearl where the pearl buyers are all lined up in a row, giving the illusion of competitiveness but they’re really in cahoots with one another. Except the pearl is your car and the peasant wins, temporarily.
- “A gas station’s credit card promotion in Pennsylvania turned into a 7 hour price war with a competitor.
Both Latrobe Pennsylvania stations started out Tuesday with regular unleaded for $2.89 a gallon.
A BP station countered by offering the first discount. The independent station across the street took their price a few cents lower.
Within a couple of hours both stations were selling for $2.36 a gallon and drivers were lined up for blocks.
Just before 9:00p.m. both stations gave up the fight. They raised their prices back to where they started Tuesday.”
“Pennsylvania Gas Price War” [WZZM13]