BP, whom we all know as the featured star in the Gulf of Mexico oil spill, has understandably seen a decline in retail sales of gasoline. While retaliation by boycotting BP-branded has stations originally seemed to be more symbolic than effectual, apparently enough people are avoiding the brand to bother local station owners.
In an effort to placate distributors and station owners, BP has lowered the price of gasoline by up to two cents. This price drop has no direct effect on what drivers pay at the station, however. Independent distributors will be able to pay a lower price to BP, but those savings may not be passed onto the local stations. There’s even a smaller chance, even if the savings are passed onto the stations, that consumers will see a break at the gas pump.
Have you avoided BP’s gasoline stations? There is one BP station on my daily commute and another a few miles from my apartment. I don’t normally visit either station, so my non-patronage has had no effect on the company or its distributors or station owners. Boycotting gas stations hurts the wrong side of the industry — and it’s in BP’s best interest to get behind its stations.
Updated October 12, 2016 and originally published August 6, 2010.