Posted on 09/01/2005 5:46:56 AM PDT by Blood of Tyrants
Also, what effect will Katrina have on the economy? Will high gas prces bring a recession or more oil exploration and new refineries?
Gas prices here went up 50 cents a gallon overnight. I think it's just price gauging. Someone is making a profit on these high prices. Going to find them and camp out on their door step, demanding my money back.
Watch Marty Meehan suggest another tax is appropriate....
That says it all.
$3.27 this morning outside Chicago. Was 2.79 last night.
It was hitting $7.00 a gallon in places here in Atlanta because of a panic buy until our idiot governor ordered a price cap. Now we have shortages, as anybody with a half-decent economic education could tell you would happen.
I'd rather be able to buy gasoline if I had to at $7.00 a gallon than not have ANY available at $3.50 a gallon.
At least at $7.00 a gallon, there's incentive for my brother in law who has a hazardous materials CDL to rent a tanker truck, fill it with gas in Utah and drive it out here to make a pretty profit. That's not feasible at $3.50, and so we have shortages.
Thank you idiots who have fallen for the "price gouging" leftist propaganda.
Yesterday 2.85 - went to 3.19 while filling gas.
There's another thread around here somewhere (I'm looking for it now) that claims most retailers take gas from their suppliers COD at spot market rates -- the idea being that they could instantly react to market conditions, instead of waiting until their supplies were depleted (which in theory, means that the prices should fall as quickly as they rise when the scales tip the other way)
MJ
I agree.
I still had more than half of a tank of gas in my car, but went out this morning to fill up, just in case...I live in NC, and there are reports of expected shortages. The stations in the Chapel Hill area were already out of regular gasoline, so I filled up with the super unleaded for $3.49/gallon. Almost $20 for five and a half gallons of gas. That's up about a dollar a gallon from the beginning of this week.
The People's Socialist Democratic Republic of Montgomery County, Maryland: $2.74 on Tuesday, $3.09 on Wednesday night, for regular.
Funny, 'cause they were pumping out of the same underground tank on Wednesday as they were on Tuesday. That gas had already been bought and paid for by the station owner; his price hadn't gone up.
Rush made a good point on Wednesday. He said that most of the price of gas consists of taxes, so if the president wanted to keep prices low he'd order the suspension of gas taxes and special localized mixes. Prices would immediately drop 50 cents per gallon.
Dick (Cheney) is that you??????
All you believers in gouging and tooth fairies, look no further than this post.
But of course not a peep of criticism for them, just anger at people who have bills to pay and trying to make a living.
How democrat.
Here in central Mississippi, gas is essentially unattainable unless you have enough gas to wait in line for 2-3 hours or more. I did that twice yesterday, but both times the pumps ran dry before I got there. I now have enough to go about 20 miles, so I've got to stay at home until gas is readily accessible. I don't know what the price is and I don't care. I'd pay just about anything now to get gas so I can go buy some food.
The station owners aren't getting trucks and are jacking the price up without any increased costs. The result - people are running on the gas creating shortages.
ah, the daily "I don't understand what replacement cost is" thread.
Instead of calling us idiots, please explain why gas prices don't go down as quickly as they go up.
Uhg. I wish public schools taught basic economics instead of things like advanced finger painting for crack whore dyslexic single mothers with ADD. Maybe we could get rid of these misunderstandings about how prices are set.
I'm just curious, since I don't know very much about economics. Why would the price caps themselves create a shortage?
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