Free Republic 3rd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $31,858
36%  
Woo hoo!! And the first 36% is in!! Thank you all very much!!

Keyword: gouging

Brevity: Headers | « Text »
  • Sandy Price Gouging Probed: $7 Loaf Of Bread, $10 Box Of Matches

    11/06/2012 5:31:08 AM PST · by blam · 31 replies
    NBC ^ | 11-6-2012 | AP
    <p>More than 400 possible cases of price gouging of gasoline and other essentials, including a $10 box of matches and $7 loaf of bread, have been reported in New York before and after Sandy.</p> <p>Reports are being investigated in New York City, the Hudson Valley and on Long Island by state Attorney General Eric Schneiderman.</p>
  • Would rising prices(if legal)work better than state controlled Rationing in NJ after this hurricane?

    11/03/2012 1:55:01 PM PDT · by sickoflibs · 110 replies
    links in post | 11/3/2012 | sickoflibs
    In New Jersey there is a shortage of open gasoline stations not because of the supply of gas but due to lack electricity at gas stations. This has caused long lines due to form miles long and lots of frustration. The media is reported thousands standing in line waiting to buy gasoline. So NJ Gov Chris Christie has just announced a form of gasoline rationing of odd and even buying days. At the same time he is prosecuting merchants for raising prices in response to the shortages; and I am sure this is very popular there: ' Procecute those greedy...
  • College Education: Another bubble ready to burst!

    04/19/2011 8:55:52 AM PDT · by SeekAndFind · 53 replies
    Bennington Banner ^ | 04/19/2011 | Audrey Pietrucha
    Senator Bernie Sanders added a new victim to the long list in his most recent column -- college students. Sanders complained that the Republican budget proposal would reduce the average Pell higher education grant by 17 percent at a time when the cost of a college education is "soaring." Having just sent the last of my three children off to college, I cannot argue with Sanders’ description of college tuition costs -- they are, indeed, soaring. Statistics confirm personal observation as, according to the Measuring Up 2008 report by the National Center for Public Policy and Higher Education, tuition and...
  • Is it price-gouging? No, it's 'resource allocation'

    09/22/2008 1:42:50 AM PDT · by Maurice Tift · 18 replies · 414+ views
    The Augusta Chronicle ^ | September 22, 2008 | Mark A. Thompson
    Gas stations should be allowed to charge any price they want. Stop and think. There are gas stations all around us. All of them havesimilar products and must compete with one another. We have regulations and agencies that watch to make sure there are no cooperative arrangements among stations. Why, then, are price-gouging laws such a bad idea? First, the price restriction interferes with market forces. For example, gas stations anticipate a lack of supply of gas over the next couple of weeks because of the hurricane in the gulf. They raise their gas prices to allocate the remaining supplies...
  • Gas prices spike in Michigan

    09/13/2008 7:38:56 PM PDT · by mombyprofession · 29 replies · 146+ views
    WZZM 13 News Website ^ | 9-13-08 | AP
    DETROIT (AP) - The state auto club said that the statewide average for a gallon of self-serve regular fuel was up about 5 cents to $3.94 early Saturday from Friday morning. That's up about 20 cents from Monday. AAA spokeswoman Nancy Cain said there were some reports of prices above $4 a gallon. On Friday, Gov. Jennifer Granholm and Attorney General Mike Cox promised to monitor and swiftly deal with any gas gouging in the state. Hurricane Ike threatens some of the Gulf Coast's oil refineries. Closing oil refineries because of the hurricane could lead to an eventual bump in...
  • Who the heck is congress to judge what "gouging" is?!

    07/11/2008 5:41:12 AM PDT · by brycemax · 3 replies · 82+ views
    Congress in its infinite wisdom deems itself the judge of what "gouging the public" is, but the real question: Who's gouging whom? NOTE: The author of this cartoon requests that you visit the web site and refrain from copying the cartoon within the thread. Thanks!
  • New Push To Prevent Gas Gouging At Illinois Pumps (Americans aren't jazzed about the math)

    07/04/2008 7:19:09 PM PDT · by Libloather · 45 replies · 204+ views
    CBS 2 Chicago ^ | 7/03/08 | Dorothy Tucker
    New Push To Prevent Gas Gouging At Illinois PumpsReporting Dorothy Tucker Jul 3, 2008 6:27 pm US/Central CHICAGO (CBS) With the price of gas well over $4 a gallon, consumers want every drop they pay for. But sometimes Pamela Smith wondered if the gas was flowing when she was pumping. "While I'm pumping the nozzle is clicking and it's going on and off and I'm not certain if the gas is going into the vehicle," Smith said. She is among the hundreds who have registered their concerns with the state. The state has had 700 complaints since January, compared to...
  • Texas homeowners insurance premiums still highest in United States

    12/19/2007 5:15:17 PM PST · by Dubya · 22 replies · 69+ views
    The Dallas Morning News ^ | TERRENCE STUTZ
    AUSTIN – Texas homeowners still pay far more for insurance than those in any other state, even after the overhaul passed by the Legislature four years ago that was supposed to lower rates. A new study from the National Association of Insurance Commissioners showed that the average annual premium in Texas for the most common homeowner policy was $1,372 a year, considerably more than the nationwide average of $764. Louisiana was the second-highest at $1,144 and Florida was third at $1,083. The premiums in all other states were less than $1,000.
  • Top gas gouger? The government!

    06/20/2007 11:46:33 AM PDT · by Turret Gunner A20 · 53 replies · 831+ views
    World Net Daily ^ | June 19, 2007 | Alyssa Farah
    States, feds taking chunk bigger than oil companies. With summer travel in full gear and motorists more conscious of the price of gasoline than ever before, few Americans realize that up to 60 cents of the cost per gallon is the result of local, state and federal taxes. In fact, despite allegations of price-gouging, some retailers say they are actually losing money on every gallon they pump. State, local and federal taxes make up about 20 percent of the cost paid at the pump, according to Conoco Phillips, an international, integrated energy company. ...most major companies were profiting only about...
  • Pains at the Pump (WSJ on "Price Gouging")

    05/28/2007 8:25:27 AM PDT · by The Pack Knight · 18 replies · 1,229+ views
    The Wall Street Journal ^ | 28 May, 2007 | Editorial
    It's Memorial Day weekend and the start of the summer driving season, so naturally it's time for Congress to grandstand against $3-a-gallon gasoline. And right on cue, the House passed legislation last week to criminalize gasoline "price gouging," whatever that is. Perhaps this is all designed to distract the public from Congress's own role in raising gas prices. Under the anti-gouging law, service station owners could face up to 10 years in prison if they dare to raise their prices too much when supplies are low. Representative Bart Stupak, the Michigan Democrat who sponsored this scheme, said the vote would...
  • House Passes Gasoline Gouging Bill

    05/23/2007 8:28:02 PM PDT · by kellynla · 45 replies · 1,114+ views
    Los Angeles Times ^ | May 23, 2007 | Richard Simon
    Congress is desperate to show it feels your pain at the pump. The House today voted, 284-141, to pass a bill that would make gasoline price gouging a federal offense. In the Senate, Democratic leaders were scrambling to introduce a new energy bill, the first since they took control of Congress. A committee also held a hearing on whether oil industry mergers had contributed to higher fuel prices. And the day before, members of both parties ignored a presidential veto threat and approved legislation that would subject the Organization of the Petroleum Exporting Countries to price-fixing lawsuits. Record high gasoline...
  • House moves on surging oil prices

    05/23/2007 1:33:04 PM PDT · by libertarianPA · 70 replies · 1,225+ views
    AP via Yahoo! News ^ | 5/23/07 | H. JOSEF HEBERT
    WASHINGTON - The House, eager to do something about record high gasoline prices in advance of the Memorial Day weekend, voted narrowly Wednesday to approve stiff penalties for those found guilty of gasoline price gouging. The bill directs the Federal Trade Commission and Justice Department to go after oil companies, traders or retail operators if they take "unfair advantage" or charge "unconscionably excessive" prices for gasoline and other fuels. The White House called the measure a form of price controls that could result in fuel shortages. It said President Bush would be urged to veto the legislation should it pass...
  • House OKs Penalty For Gas Price Gouging

    05/23/2007 11:55:35 AM PDT · by EagleUSA · 84 replies · 1,317+ views
    Yahoo News / AP ^ | 05/23/2007 | EagleUSA
    WASHINGTON - The House, eager to do something about record high gasoline prices in advance of the Memorial Day weekend, voted narrowly Wednesday to approve stiff penalties for those found guilty of gasoline price gouging. The bill directs the Federal Trade Commission and Justice Department to go after oil companies, traders or retail operators if they take "unfair advantage" or charge "unconscionably excessive" prices for gasoline and other fuels. The White House called the measure a form of price controls that could result in fuel shortages. It said President Bush would be urged to veto the legislation should it pass...
  • Caprice at the pump

    05/23/2007 11:07:31 AM PDT · by JZelle · 21 replies · 858+ views
    Washington Times ^ | 5-24-07 | Margo Thorning
    As the summer travel season quickly nears and consumers continue to watch as the cost of filling up gas tanks steadily increase, they may instinctively believe oil companies are getting rich at their expense. This is an understandable, but common misconception whenever prices seem to inflate beyond reason. Unfortunately, some federal policymakers are all too eager to seize on this frustration and propose so-called solutions that place artificial ceilings on gas prices, often referred to as "price controls," or today's more popular political moniker, "price gouging." Phrases like these should raise red flags, because no matter how well-intentioned at best...
  • Government gouges you at the pump

    05/19/2007 2:44:48 PM PDT · by presidio9 · 12 replies · 887+ views
    Jewish World Review ^ | May 17, 2007 | George Will
    Democrats, seething at the injustice of gasoline prices, have sprung to the aid of embattled motorists. So resolute are Democrats about defending the downtrodden, they are undeterred by the fact that motorists, not acting like people trodden upon, are driving more than ever. Gasoline consumption has increased2.14 percent during the past year. That probably is explained by the inconvenient (to the Democrats' narrative) truth that Speaker Nancy Pelosi was characteristically overwrought when she said that Democrats intend to do this and that because the price of gasoline recently " set a record" at $3.07 a gallon. In real (inflation-adjusted) rather...
  • AAA: Gas Prices Driven to Record High

    05/14/2007 7:29:40 AM PDT · by EagleUSA · 14 replies · 846+ views
    Fox News / Reuters ^ | 05/14/2007 | EagleUSA
    NEW YORK — U.S. gasoline prices climbed to a record high average of $3.073 a gallon on Monday, breaking the previous peak hit after hurricanes knocked out refineries on the Gulf Coast in 2005, travel and auto group AAA said. The higher prices come just ahead of the peak summer driving season, when Americans take to the roads for vacation. Gasoline prices are up about 50 cents since March, according to the survey of 85,000 service stations, with energy experts blaming the spike on planned maintenance and operating problems at the nation's oil refineries. "Because oil prices today are at...
  • The Cost of a CD Should be Exponentially Higher, According to the RIAA

    02/03/2007 12:42:15 PM PST · by Dallas59 · 100 replies · 2,101+ views
    WHAS 11 ^ | 2/2/2007 | Ben Woods
    The Recording Industry Association of America hasn't been making too many friends these days. I guess I should say that the organization does have many friends inside the music industry, because that's who makes up the the RIAA. I'm not here to argue whether it's right or wrong to download free music where it's available, or whether it's OK to listen to your friend's "Beach Boys Greatest Hits Album." I'm just here to point out what the RIAA wants you to believe about the cost of music and CDs. If you visit the Key Stats/Facts page on the RIAA website,...
  • HIGH GAS PRICES CUT INTO OIL INDUSTRY PROFITS, NEW PHOENIX CENTER ANALYSIS SHOWS

    08/29/2006 7:58:05 AM PDT · by PDR · 25 replies · 708+ views
    The Phoenix Center ^ | August 29, 2006
    As families brace themselves to pay high gasoline prices over the Labor Day weekend, they might be surprised to know that they are not alone in bearing this burden. A new economic study by the Phoenix Center shows that contrary to popular rhetoric, the profitability of the oil industry is actually significantly lower during in times of high gas prices. “It may be fashionable to beat up on oil industry profits, but it appears that these firms do bear at least some of the burden of high oil prices,” said George S. Ford, Phoenix Center Chief Economist and author of...
  • Economics of prices {price-gouging oil companies}

    06/05/2006 8:43:21 AM PDT · by thackney · 170 replies · 1,523+ views
    JewishWorldReview.com ^ | May 31, 2006 | Walter Williams
    Here's what one reader wrote: "Williams, I can understand how the destruction of Hurricane Katrina and Middle East political uncertainty can jack up gasoline prices. But it's price-gouging for the oil companies to raise the price of all the gasoline already bought and stored before the crisis." Several other readers made similar allegations. Such allegations reflect a misunderstanding of how prices are determined. Let's start off with an example. Say you owned a small 10-pound inventory of coffee that you purchased for $3 a pound. Each week you'd sell me a pound for $3.25. Suppose a freeze in Brazil destroyed...
  • ¿Y tu, Evo? : [Willy Sutton Theory of Government ?]

    05/06/2006 7:10:56 AM PDT · by fight_truth_decay · 16 replies · 692+ views
    The Daily Reckoning ^ | May 5, 2006 | Bill Bonner
    If Willy Sutton were alive today, he’d be eyeing the oil industry. Sutton, you’ll remember, was once asked why he robbed banks. “‘Cause that’s where the money is,” he replied. According to our sources, Evo Morales may be doing a Willy Sutton number. As candidate for President, he promised the Bolivian peasants a big pay increase. Then, when he got into office, the mean people at the national treasury had a little talk with him. “Where was the money going to come from?” they wanted to know. Evo looked around. He was losing popularity fast. What did the country have...
  • being "gouged"? did it hurt? here's where you can whine and opine as recommneded by my Senator.

    04/25/2006 1:51:47 PM PDT · by Rakkasan1 · 25 replies · 728+ views
    me ^ | 4-25-06 | Rakkasan1
    just heard on the radio that Sen.Coleman wants to be notified about price gouging for gas. the site to let him know is http://gaswatch.energy.gov/ I think I'll let him know his decision to not drill in ANWR is gouging what I'll pay in the future . taxing gas at high rates doesn't help either. Feel free to add to the list of stupid things our gubmint does to make our lives more entertwined with their sense of self importance with regards to energy.
  • Tale of Two Titles: 'Today' Asks If There's Gouging, GMA Declares It Exists

    04/25/2006 5:15:32 AM PDT · by governsleastgovernsbest · 30 replies · 628+ views
    by Mark Finkelstein April 25, 2006 Have a look at the two screen captures from this morning's shows. Same issue, different takes. Good Morning America is apparently sure that gas price gouging exists, and wants to stop it. 'Today' is agnostic, simply posing the question whether gouging is going on. But when you turn to the substance of the two segments, there was one consistency: neither show adduced any evidence of gouging. Not a scintilla to show that oil companies are in fact colluding. And without collusion there can be no sustained gouging, since any company that pushed prices higher...
  • (President) Bush Orders Probe Into Gas Price Cheating

    04/24/2006 6:47:55 PM PDT · by xzins · 82 replies · 1,604+ views
    Las Vegas Sun ^ | 24 Apr 06 | Nedra Pickler
    Bush Orders Probe Into Gas Price Cheating By NEDRA PICKLER ASSOCIATED PRESS ABOARD AIR FORCE ONE (AP) - President Bush is trying to calm Americans' outrage over soaring gas prices by ordering an investigation into whether the price of gasoline has been illegally manipulated, his spokesman said Monday. During the last few days, Bush asked his Energy and Justice departments to open inquiries into possible cheating in the gasoline markets, said White House press secretary Scott McClellan. Bush planned to announce the action Tuesday during a speech in Washington. Bush is under pressure to do something about gas prices that...
  • Local, State and Federal Gas Taxes Consume 45.9 Cents Per Gallon on Average (make that 49.9)

    04/21/2006 5:24:53 PM PDT · by xcamel · 15 replies · 2,683+ views
    taxf oundation ^ | September 13, 2005 | Jonathan Williams
    September 13, 2005Local, State and Federal Gas Taxes Consume 45.9 Cents Per Gallon on Average by Jonathan WilliamsIn the wake of Hurricane Katrina and the devastation that has followed, consumers are feeling the economic consequences of the disaster. Record gasoline prices are constantly in the headlines, which leaves many asking why prices are so high. While supply and demand are the primary determinants of gasoline prices, a significant portion of the price consumers pay at the pump can be attributed to gasoline taxes. In fact, the federal gas tax alone equals 18.4 cents for every gallon purchased (See Figure...
  • Survey: Gasoline prices surge 17 cents

    04/09/2006 2:46:00 PM PDT · by snowsislander · 51 replies · 1,229+ views
    CNN ^ | April 9, 2006
    Lundberg says national average rises to $2.67 a gallon, but price run-up may be ending.April 9, 2006: 4:37 PM EDT ATLANTA (CNN) - Gas prices shot up another 17 cents per gallon over the past two weeks to a national average of $2.67, a survey said Sunday. Since Feb. 24, the average price of a gallon of self-serve unleaded has risen 42 cents, said Trilby Lundberg, publisher of the Lundberg Survey, which tallied prices March 24 and April 7 for its latest survey. "Some of the pump price surge comes from higher crude-oil prices, but most is the new fuel...
  • Report: Rise in gas prices is deliberate

    03/11/2006 10:02:23 AM PST · by Crackingham · 42 replies · 1,130+ views
    Mobile Register ^ | 3/11/6 | Ben Raines
    A report released this week by attorneys general from four Midwestern states suggests that natural gas prices have been artificially inflated by energy trading companies and by the system that local utilities use to buy gas. Many of the purchasing practices and price-setting mechanisms identified as unfair to consumers in the Midwestern report are used by Mobile Gas Service Corp., the Mobile Register has discovered. "Obviously there are issues there (in Alabama) that need to be examined," said Wisconsin Attorney General Peg Lautenschlager, after discussing Alabama buying practices with Register reporters. She compiled the Midwestern report with her counterparts in...
  • NY Gas Stations Fined for Gouging (NC state gas tax going up - twice in 2006)

    12/19/2005 4:41:01 PM PST · by Libloather · 9 replies · 708+ views
    R News ^ | 12/19/05
    Gas Stations Fined for Gouging by R News Staff Published Dec 19, 2005 Fifteen gasoline stations statewide have been fined more than $63,000 dollars by New York state for jacking up prices after Hurricane Katrina Attorney General Eliot Spitzer's office released Monday the results of a three-month investigation into the gouging. The No-Co gas station on West Main Street in Webster is among those fined for the gouging. State officials say three oil companies, Getty, B.P. Amoco and Lukoil set prices for the service stations they control. Spitzer's office says the investigation of other retailers continues. Local gas prices hit...
  • McBride Pleads Guilty to Gouging

    11/07/2005 10:22:10 PM PST · by Rerunscousin · 7 replies · 809+ views
    WTOK News ^ | 11/8/05 | WTOK News
    McBride Pleads Guilty to Gouging Livingston, Ala. Andrea Williams Recently, 42-year-old Jason McBride was indicted for alleged gas price gouging. Initially he pleaded not guilty. Monday morning his attorney stated in Sumter County Circuit Court that he's changing his plea to guilty. Although prices at McBride's stores are dropping now immediately after Hurricane Katrina McBride is accused of selling store in Sumter County. To this accusation McBride had said that right after the storm he charged $3.49 per gallon for gas due to the fact that he paid $3.29 per gallon for it. Meanwhile, McBride is listed as secretary treasurer...
  • "The Root Cause of All the Problems In This Country"

    10/27/2005 8:18:18 PM PDT · by B-Chan · 33 replies · 918+ views
    Time Bomb 2000 ^ | 2005.10.27 | Various
    The following is taken from a thread found on the Timebomb 2000 message board. It provides a sampling of the public reaction to today's announced record-breaking profits by the major oil companies: [What are] the root causes of all problems in this country? I think at least one of them has been illustrated today with the announcement of the oil companies record setting profits for the last quarter. While we were trying to make ends meet, they were raking in profits the likes of which the world has never seen before. That's price gouging brothers and sisters. They lied to...
  • Gasoline and Fuel $1.00 Cheaper per Gallon in Baja Mexico

    10/05/2005 9:47:28 AM PDT · by off-roader · 50 replies · 1,499+ views
    www.Baja.net ^ | 10/05/05 | Baja Cactus
    Posted by Baja Cactus, owner of the Pemex station and motel in El Rosario. The Mexican government sets the price each month. As you all may already know, the last of every month, Pemex changes the fuel prices...usually only a couple of cents. So, here you go the prices for October 2005... Magna............$ 6.12 pesos per liter Premium..........$ 7.23 pesos per liter Diesel.............$ 5.06 pesos per liter These prices are in liters, and 1 gallon = 3.7854 liters. Today (october 4th) 1 dollar = $ 10.70 pesos (+/-) Using the previous information, this is what we have.... Magna............$ 2.165 dollars...
  • The role of prices

    09/14/2005 3:59:41 AM PDT · by harpu · 17 replies · 436+ views
    Townhall.com ^ | 9/14/05 | Walter E. Williams
    The fallout from Hurricane Katrina has featured a lot of ignorance and demagoguery about prices. Let's look at some of it. One undeniable fact is that the hurricane disaster changed scarcity conditions. There are fewer stores, fewer units of housing, less gasoline and a shortage of many other goods and services used on a daily basis. Rising prices are not only a manifestation of these changed scarcity conditions, they help us cope, adjust and get us on the road to recovery. Here's a which-is-better question for you. Suppose a hotel room rented for $79 a night prior to Hurricane Katrina's...
  • No gouging, just supply and demand

    09/08/2005 11:08:53 AM PDT · by aynrandy · 225 replies · 2,506+ views
    Denver Post ^ | 09.08.05 | David Harsanyi
    Gouging - even the word sounds frightening. These days, there's been a near-unanimous call for the public to be outraged over price-gouging at gas pumps around Denver. Well, I'm not outraged, and you shouldn't be either. Here in Colorado, as elsewhere in the nation, high gas prices have generated hysterical, populist rhetoric from those who've forgotten the fundamental principles of supply and demand. "Gas-price gouging is not illegal under Colorado law, and we think it should be," Colorado Speaker of the House Andrew Romanoff recently claimed. I'm not sure what Romanoff meant by "we" - I would like to be...
  • Westchester Subpoenas 11 Service Stations (NY)

    09/07/2005 5:16:34 PM PDT · by chet_in_ny · 44 replies · 665+ views
    1010 WINS AM NY ^ | 9/7/05 | 1010 WINS
    Westchester County's consumer agency subpoenaed the records of 11 service stations Wednesday to see if they were justified in raising prices by as much as $1.14 a gallon in 24 hours. At one of the stations, the price went from $2.85 on Aug. 31 to $3.99 on Sept. 1, said County Executive Andrew Spano, who ordered the subpoenas. "If we find that stations are gouging when so many people are suffering, we will do everything in our power to come down hard on these people," he said. The gas stations that received subpoenas had raised prices by more than 60...
  • WSJ: In Praise of 'Gouging' - It helps cope with supply shocks and prevents shortages.

    09/07/2005 6:21:41 AM PDT · by OESY · 88 replies · 1,345+ views
    Wall Street Journal ^ | September 7, 2005 | Editorial
    ...Some 20 states... already have anti-price-gouging laws on their books-- and many governors have declared emergencies to invoke them. These de facto price controls typically place ceilings of between 10% and 25% on how much companies can raise prices in the wake of a natural disaster. In almost all cases such laws are wrong-headed, because they exacerbate supply problems by short-circuiting the price system that matches supply with demand. ...If governments will not allow the price system to ration the demand for gas, a new "price" system will emerge called gas lines.... Let's explain why prices have been rising. Katrina...
  • Gouge On....

    09/07/2005 6:21:03 AM PDT · by StatenIsland · 21 replies · 443+ views
    NRO ^ | 09/02/05 | Jerry Taylor
    Price controls, however, come at a cost. Lower prices result in more demand for fuel than do higher prices. That’s why the first thing we notice about price controls is that they lead to shortages. Price to the left of the intersection of the supply-and-demand curve and you are guaranteed to vaporize whatever you are attempting to keep inexpensive. It happened in 1973 when President Nixon imposed price controls on oil — gasoline lines were the result. It happened in 2000/2001 when California Governor Gray Davis refused to lift retail price controls on electricity — blackouts soon followed. Empty shelves...
  • Gas prices expected to keep weighing on consumers

    09/06/2005 9:17:56 PM PDT · by Racehorse · 9 replies · 410+ views
    Investor's Business Dailly ^ | 6 September 2005 | Stephanie I. Cohen
    Both Democrats and Republicans on the [Senate Energy and Natural Resources Committee] panel expressed concern that fuel prices are choking U.S. consumers. [. . .] Sen. Lisa Murkowski, R-Alaska, said $100 a barrel oil is "not so far out of the realm of possibility," and asked "is that something this country can sustain?" [. . .] Sen. Gordon Smith, R-Ore., said he anticipates "we're going to find many instances of manipulation and fraud." Sen. Pete Domenici, R-N.M., the chairman of the committee, said the panel is prepared to call on oil-company executives to explain rising fuel costs if there is...
  • Gas prices in Atlanta area: $4 to $6 per gallon in last hour. Not kidding.

    08/31/2005 3:30:39 PM PDT · by Sender · 247 replies · 7,294+ views
    WSB Radio 750 Atlanta | 8/31/2005 | myself
    I just paid $4.09 per gallon to fill up with regular. An hour ago the same station was at $3.09. I have verification from WSB Radio 750 Atlanta that local stations are charging from $4 to $6 per gallon, while Atlanta motorists are queued up for blocks to get some. Rumors are that the gas supply in Atlanta will run out before the weekend.
  • High gas prices not deterring motorists

    08/16/2005 4:29:30 PM PDT · by RockinRight · 68 replies · 1,312+ views
    Soaring gasoline prices are getting a rise out of many U.S. motorists, but by and large they're not getting in the way of summer vacations, commuting habits or SUV sales. What if gasoline prices, which have risen to $2.55 a gallon, keep climbing? Diana Amaro, of Denver, said that if gas reached $3 a gallon, she'd consider taking the bus. Ray Sykora, of Yuba City, Calif., said pump prices would have to exceed $4 a gallon before he hopped on public transportation. No matter how much motorists shake their heads in disgust at record pump prices, fuel consumption isn't expected...
  • A penny shaved...

    05/18/2004 11:37:06 AM PDT · by Willie Green · 7 replies · 176+ views
    The Pittsburgh Post-Gazette ^ | Tuesday, May 18, 2004 | Jon Schmitz
    Those numbers runners sure have been busy lately, haven't they? I'm referring to the guys whose job it is to change the big plastic pricing signs at gas stations. They seem to be out there every day, pulling down one price and posting one a few cents higher. It's like a Wal-Mart commercial in reverse.
  • "The Last Rung"

    01/06/2004 11:52:34 PM PST · by freepatriot32 · 5 replies · 287+ views
    overlawyered.com ^ | 1.5.04 | Carrie Coolidge
    The nation's oldest ladder manufacturer, family-owned John S. Tilley Ladders Co. of Watervliet, N.Y., near Albany, has filed for bankruptcy protection and sold off most of its assets. Founded in 1855, the Tilley firm was profitable until a few years ago but could not handle the cost of liability insurance, which had risen from 6 percent of sales a decade ago to 29.4 percent by the end, even though the company wasn't sued often and had never lost an actual court judgment. Jury awards in product liability cases have jumped from "an average of $1.7 million in 1994 to $6...
  • AG Lockyer Releases Data Showing Fast-Rising Profit Margins for State's Gas Refiners

    09/08/2003 7:33:17 PM PDT · by NormsRevenge · 9 replies · 251+ views
    Office of the Attorney General - California ^ | 9/8/03 | Office of the CA AG
    (SACRAMENTO) – Attorney General Bill Lockyer today unveiled data that show California oil refiners' price markup between the barrel and gas pump increased 152 percent from January 2003 to March 2003 – with virtually all of the rise representing profit – and in March 2003 outstripped the margin in the rest of the country by 127 percent. "Californians have been afflicted with chronically exorbitant gas prices," said Lockyer. "These numbers raise legitimate questions about whether this state's drivers and businesses are getting gouged. But the data also show how important it is, for consumers' sake, that policymakers address the deep-seated...
  • Home gas bills leap 54%: Year-over-year change reflects tight supplies

    08/29/2003 11:39:41 AM PDT · by xzins · 18 replies · 442+ views
    The Cincinnati Enquirer ^ | 29 Aug 03 | Mike Boyer
    Residential gas bills will rise about 54 percent from a year ago starting Monday for Cincinnati Gas & Electric Co. customers. The unit of Cinergy Corp. said the typical residential customer will pay $115.50 a month, up from $75.04 last September for a residential customer using the average 10,800 cubic feet of gas. In Northern Kentucky, the same customer will pay $106.91 a month, up 45 percent from the $73.60 last September. The culprit? Higher natural gas costs, which typically represent about 70 percent of the monthly bill. Consumers such as Mike Rieck, a retiree who lives in North Avondale,...
  • Refined Tastes (boutique gasolines)

    08/22/2003 6:22:24 AM PDT · by Isara · 17 replies · 175+ views
    INVESTOR'S BUSINESS DAILY ^ | Friday, August 22, 2003 | Editor
    Energy: Gasoline prices are soaring again, especially in the West. Is this another oil company "conspiracy" to jack up prices? Or is something else at work?You've probably seen the images on the evening news: long lines of frustrated drivers snaking out of Phoenix-area stations, sometimes waiting hours for a turn at the pump. You might also have seen pictures of gas station marquees in California, where prices topped $2 a gallon.The sights are all too common. The average pump price on the West Coast hit $1.89 last week, up 17.3 cents from the week before — the second-highest jump ever...
  • Drivers complain about fee gouging by wreckers($964 for 10 miles, thank you Democrats)

    08/19/2003 9:25:02 PM PDT · by Diddle E. Squat · 17 replies · 1,294+ views
    Houston Chronicle ^ | 8/19/03 | STEPHANIE WEINTRAUB
    Linda Diane Tevis crashed into a parked 18-wheeler on a foggy February morning. Injured and shaken, she was in no condition to deal with a wrecker driver trying to tow her car. "I was a little delirious." she said. "The air bag had hit me. The next thing I know he was saying he was going to tow my car." All of this happened as paramedics treated her before she went to the hospital. When she and her husband, Mike Tevis, were faxed a copy of the Lone Star Towing Service bill a short time later, they got delirious again....
  • GAS PRICES

    02/12/2003 4:04:48 AM PST · by michwm · 66 replies · 894+ views
    2-12-03 | me
    I did this type of post last year to see just what AMERICA is paying.In the South Bend area it ranges from $1.69 to $2.08
  • State hunts for goods on energy firms- Lawyers try to show market manipulation

    01/20/2003 5:43:19 AM PST · by randita · 22 replies · 677+ views
    SF Chronicle ^ | 1/19/03 | Mark Martin, Chronicle Sacramento Bureau
    <p>In their last chance to sway federal regulators, California lawyers are mounting a final hunt for evidence showing how energy companies manipulated the state's electricity markets during the 2000-01 energy crisis.</p> <p>Attorneys for three state agencies and California's two largest utilities have deposed energy traders, reviewed power plant operations data and listened to companies' tape-recorded conversations in preparation for a final report on market manipulation to the Federal Energy Regulatory Commission.</p>
  • Energy refunds remain elusive, State unlikely to get $8.9 billion; many companies low on cash

    08/20/2002 5:33:43 AM PDT · by randita · 4 replies · 318+ views
    SF Chronicle ^ | 8/20/02 | Mark Martin
    <p>California continues to build its claim that the state was unfairly gouged by power companies last year, but consumers paying record-high electricity rates shouldn't expect to see refund checks anytime soon.</p> <p>While Gov. Gray Davis loudly maintains the state is owed $8.9 billion by the nation's generators, experts say the final tally will be nowhere near that high even if California wins its case.</p>
  • U.S. regulators suspect firms of fixing prices of natural gas

    08/14/2002 5:56:07 AM PDT · by randita · 10 replies · 326+ views
    SF Chronicle ^ | 8/14/02 | Mark Martin
    <p>Sacramento -- In findings that could bolster California's case for energy refunds, federal investigators said Tuesday that natural gas prices may have been manipulated during the energy crisis and alleged that Enron Corp. and others gamed the state's power market.</p>
  • L.A. accused of falsifying documents, Water-power agency cover-up alleged in $1,250 energy sale

    07/03/2002 5:46:26 AM PDT · by randita · 15 replies · 302+ views
    SF Chronicle ^ | 7/3/02 | Robert Sallady
    <p>Sacramento -- The chairman of a Senate committee investigating California's dysfunctional energy market says the Los Angeles public power system may have falsified documents to counter charges that it helped manipulated the market two years ago.</p> <p>The surprise allegation came during a hearing Tuesday in which another key player in the state's energy deregulation scheme -- Enron Corp. -- was accused of destroying electronic documents it gave to the committee.</p>
  • Former Officials Say Enron Hid Gains During Crisis in California

    06/23/2002 1:12:54 AM PDT · by Ernest_at_the_Beach · 4 replies · 200+ views
    The New York Times ^ | June 23, 2002 | DAVID BARBOZA
    OUSTON, June 22 — The Enron Corporation used undisclosed reserves to keep as much as $1.5 billion in trading profits off its books during the California energy crisis, according to six former managers and executives who handled or reviewed the accounts.The enormous reserves, which would have doubled the company's reported profits, were hidden in late 2000 and early 2001, as energy prices soared in California and politicians accused trading companies like Enron of price gouging. The former Enron officials said that the company swelled the reserves in hopes of damping the political firestorm.Further, some former executives said, Enron manipulated...