OnDemand WTP Pricing Research

Tag: Gasoline Prices

How dynamic pricing algorithms can increase gross profit by +10% | Towards Data Science

How dynamic pricing algorithms can increase gross profit by +10% | Towards Data Science

The Oil & Gas sector in Brazil has been facing challenges due to the economic crisis and the technological revolution. These are the main pain points: 1. The fuel resale segment is in a context of restrained margins by both sides of the supply chain: • The upstream segment reduces gas stations margins through increased […]

Justices Affirm PUC’s Record Price-Gouging Fine Against Energy Distributor | The Legal Intelligencer

Justices Affirm PUC’s Record Price-Gouging Fine Against Energy Distributor | The Legal Intelligencer

The Pennsylvania Public Utility Commission’s record-high fine against an energy distribution company that allegedly overcharged customers during the 2014 polar vortex was proper, the Pennsylvania Supreme Court has ruled. In HIKO Energy v. Pennsylvania Public Utility Commission, the justices ruled 5-2 to affirm a 2017 decision by a sharply divided en banc panel of the Commonwealth Court. Electric […]

Florida unveils app to report price-gouging | FOX 13 Tampa Bay

Florida unveils app to report price-gouging | FOX 13 Tampa Bay

TAMPA, Fla. (FOX 13) – The next time you feel like you’re getting price-gouged and want to report it, there’s an app for that. Florida Attorney General Ashley Moody just unveiled a new anti-price-gouging app. It’s part of her plan fight gouging as hurricane season begins. Read complete article here: Florida unveils app to report […]

Mo. AG warns of price gouging, scams in wake of tornadoes, storms, flooding | KFVS

Mo. AG warns of price gouging, scams in wake of tornadoes, storms, flooding | KFVS

JEFFERSON CITY, Mo. (KFVS) – In the wake of Wednesday’s tornado in Jefferson City, recent storms and on-going flooding, Attorney General Eric Schmitt is urging Missourians to be vigilant when making repairs. Schmitt is concerned about scammers and price gouging. Anyone experiencing or witnessing fraud is asked to report any wrong-doing to the Attorney General’s […]

6 Texas Gas Stations Agree To Refund Customers For Hurricane Harvey Price Gouging | CBS Dallas / Fort Worth

6 Texas Gas Stations Agree To Refund Customers For Hurricane Harvey Price Gouging | CBS Dallas / Fort Worth

AUSTIN, Texas (CBSDFW.COM) –  The Texas Attorney General’s Office’s Consumer Protection Division settled lawsuits against two Texas gas stations accused of price gouging during the Hurricane Harvey disaster. The AG’s Office also secured Assurances of Voluntary Compliance with four Dallas-Fort Worth Metroplex gas stations. Under separate agreements, Encinal Fuel LLC and Lafayette C-Store will each […]

No more gas price gouging says Windsor MP | Blackburn News

No more gas price gouging says Windsor MP | Blackburn News

The MP for Windsor West is demanding more protection for consumers who are being gouged at the gas pump. Brian Masse wants the federal government to restore the Gas Price Monitoring Agency and brought up the issue during Question Period in Ottawa Thursday afternoon. “Mr. Speaker, with gas prices soaring once again nothing protects Canadians from […]

Fresh blow to consumers as fuel pump prices rise | The Standard

Fresh blow to consumers as fuel pump prices rise | The Standard

Consumers are staring at a fresh surge in the cost of living after the regulator sharply increased the price of fuel. According to the latest monthly fuel pump price review released by the Energy Regulatory Commission (ERC) yesterday, motorists will now pay Sh112 for a litre of petrol in Nairobi. This is an increase of […]

Canberra petrol stations made double the profit of their counterparts across Australia last year | Australian Broadcasting Corporation

Canberra petrol stations made double the profit of their counterparts across Australia last year | Australian Broadcasting Corporation

If you suspected that petrol stations in Canberra are ripping you off — you are right. The numbers have been laid out black and white in a report into fuel pricing by the Independent Competition and Regulatory Commission (ICRC), which found Canberra’s fuel retailers make on average a $750,000 profit annually, compared to $400,000 at […]

The Key to Energy Conservation? Priming Consumers with Price | Tuck School of Business

The Key to Energy Conservation? Priming Consumers with Price | Tuck School of Business

What they discovered was quite surprising. The only form of communication that had any impact on reducing electricity consumption during peak periods was the one that conveyed pricing information; the households pretty much ignored everything else. But the pricing appeal did make a significant impact: the households in the pricing group reduced their electricity usage […]

Unregulated gas-price ‘gouging’ means huge profits at the expense of drivers in Vancouver, says economist | The Star

Unregulated gas-price ‘gouging’ means huge profits at the expense of drivers in Vancouver, says economist | The Star

VANCOUVER—Is it time to cap gas prices? With consumers paying record-high prices in Metro Vancouver, Premier John Horgan said this month his government would consider “some relief” for those who can’t afford $1.70 a litre. At least one economist says assistance should come in the form of regulation. Marc Lee, a senior economist at the […]