As gas prices fall nationally, Speedway jacks them up again massively in local area | Eastern NC Now

National reports are showing falling gas prices, with projections that by Memorial Day later this month, gas prices will be the lowest nationally in over 20 years.  Why, then, did serial local gas price gouger Speedway raise their gas prices locally late yesterday by over 30 cents per gallon?

https://www.breitbart.com/economy/2025/05/20/memorial-day-set-for-lowest-gas-prices-in-over-20-years/

This is hardly the first time that Speedway has massively jacked up local gas prices at a time they were falling nationally.  What then happens is that other outlets match their increase, but immediately start cutting again, forcing Speedway to also cut.  Speedway is always the instigator of these unjustified huge price increases.  Eventually, a new round of price cuts by competitors will bring the price back to a reasonable level.  Then Speedway will make another massive price increase.  This yo-yo effect has been going on for some time.  Speedway seems stuck on wanting a price of $2.99 a gallon, which in recent months is always the level they ratchet it back to.

Speedway is the consumers sworn enemy when it comes to  gas prices.