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09/13/2008 12:20:22 AM · #51 |
| Price Gouging Oil Company A-Holes. |
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09/13/2008 12:55:04 AM · #52 |
Up about 13 cents here today from yesterday. I expect another 50 cents per gal by next weekend. Locally it's 3.79 for reg, 3.95 mid grade today.
I filled everything up tonight. It was $40 in the Geo, and $60 in the little Bronco, and neither is all the way full.
When the price starts going up, I try to fill up everything at the first price jump if I have the extra cash on hand. When it is going down, I only buy the amount that I need to keep going.
It saves a little to do that.
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09/13/2008 09:13:57 AM · #53 |
Scott, gas out here was $4.39 last night.
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09/13/2008 09:21:24 AM · #54 |
Was 3.57 here Thursday. Friday afternoon it was 3.79. Five hours later it was 3.99. Place near our house when I got home at midnight was $4.19.
I think this is due to fears from Hurricane Ike hitting our refining facilities.
We need ANWR DRILLING NOW! |
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09/13/2008 09:25:11 AM · #55 |
Just saw this and read a newspaper article about the rising prices. Yeah, I get that the oil refineries will be down - BUT $4.50 to $7.00 a gallon!
THIS is Price Gouging at it's worse. Keep your reciepts and REPORT THEM to the authorities. There are laws against this and those law-breakers should & can be nailed to the wall!
Message edited by author 2008-09-13 09:25:39. |
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09/13/2008 10:22:15 AM · #56 |
Originally posted by CNovack:
Just saw this and read a newspaper article about the rising prices. Yeah, I get that the oil refineries will be down - BUT $4.50 to $7.00 a gallon!
THIS is Price Gouging at it's worse. Keep your reciepts and REPORT THEM to the authorities. There are laws against this and those law-breakers should & can be nailed to the wall! |
It's not price gouging, because it would not be consistent across the country.
And supply and demand is a working economic model. There's no gouging. |
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09/13/2008 12:59:35 PM · #57 |
So I wonder what happens when people just can't afford to fill up anymore? At $6 - $7 a gallon it's going to cost almost a hundred dollars for a half-tank for many people. How many can afford that? When they can't afford to drive to and from work anymore, then what? Does the government come in and lower the price and cap it - or does the business sector come to a screeching halt and collapse?
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09/13/2008 01:05:41 PM · #58 |
Originally posted by OdysseyF22:
So I wonder what happens when people just can't afford to fill up anymore? At $6 - $7 a gallon it's going to cost almost a hundred dollars for a half-tank for many people. How many can afford that? When they can't afford to drive to and from work anymore, then what? Does the government come in and lower the price and cap it - or does the business sector come to a screeching halt and collapse? |
What happens is people will do some or all of the following.
Choose to live closer to their jobs.
Take jobs closer to home or consider that more in the job hunt process.
Take mass transit more often when its available
Car Pool
Plan errand runs more carefully
Purchase more fuel efficient vehicles (Do you need an H2 to take the 3 year old to mommy and me?)
Walk or bike more
Support development and investment in energy sources other than imported oil. |
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09/13/2008 01:09:55 PM · #59 |
It is still only $3.49 here outside Dallas. Went down 6 cents yesterday and only went back up to the same as before. People where we got gas at said there was no reason to raise the price as there was a surplus and even if flow was shut down for 2 weeks, they would likely not go up more and 10 cents if that. They were told if they bought their supply at one price they were not allowed to raise the price until that supply was gone...since if they paid a set amount for 10000 gallons that raising the price before that supply was out it would be considered gouging since they would be making a larger profit for no reason.
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09/13/2008 01:27:09 PM · #60 |
Originally posted by photodude:
Originally posted by OdysseyF22:
So I wonder what happens when people just can't afford to fill up anymore? At $6 - $7 a gallon it's going to cost almost a hundred dollars for a half-tank for many people. How many can afford that? When they can't afford to drive to and from work anymore, then what? Does the government come in and lower the price and cap it - or does the business sector come to a screeching halt and collapse? |
What happens is people will do some or all of the following.
Choose to live closer to their jobs.
Take jobs closer to home or consider that more in the job hunt process.
Take mass transit more often when its available
Car Pool
Plan errand runs more carefully
Purchase more fuel efficient vehicles (Do you need an H2 to take the 3 year old to mommy and me?)
Walk or bike more
Support development and investment in energy sources other than imported oil. |
How nice it is to have all those choices. But only one or two of those are possible for many people.
Here in South East Missouri, especially outside the towns, there are no jobs closer (several large employers have shut down in the last 2 years), there is no mass transit. Car pool may be possible for some. Errand planning has been a way of life for most for years. It is extremely difficult to purchase reliable fuel efficient vehicles, when your income is less than $7 per hour. The median income for this area is less than $24K per year. Work in a restaurant as a server? $3.25 per hour, plus tips. Walk or bike? Not unless you live in the city. The country roads do not have much of a shoulder. Let alone bike lanes, or sidewalks. Support alternate energy development? With what? Many here can't afford a 401K even if they are offered. Many do not have even the option.
I'm one of the fortunate ones. I have benefits, a 401K, a nice house, and all that. But too often we forget that there is a large portion of this country that just doesn't have the resources to deal with this. There are no closer jobs, even if they own their own place, there is no real equity to get out of the property to move to another area. |
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09/13/2008 02:06:31 PM · #61 |
Originally posted by HawkeyeLonewolf:
Originally posted by CNovack:
Just saw this and read a newspaper article about the rising prices. Yeah, I get that the oil refineries will be down - BUT $4.50 to $7.00 a gallon!
THIS is Price Gouging at it's worse. Keep your reciepts and REPORT THEM to the authorities. There are laws against this and those law-breakers should & can be nailed to the wall! |
It's not price gouging, because it would not be consistent across the country.
And supply and demand is a working economic model. There's no gouging. |
No it IS price gouging as that the definition is:
"Price gouging may be charged when a supplier of essential goods or services sharply raises the prices asked in anticipation of or during a civil emergency, or when it cancels or dishonors contracts in order to take advantage of an increase in prices related to such an emergency."
or
"In precise, legal usage, it is the name of a felony that applies in some of the United States only during civil emergencies. In less precise usage, it can refer either to prices obtained by practices inconsistent with a competitive free market, or to windfall profits."
IN other words this SHARP increase in price was brought on SPECIFFICALY by IKE - a civil emergency.
In Florida there is a law AGAINST price gouging that complaints are fielded, I believe, to the Attorney General's office at the government level.
What I want to point out to people is that you SHOULD NOT JUST ACCEPT this huge spike in prices. This is and should be reported to your Attorney General or government agency - in MOST cases it is the gas station owner that is the one at fault who is breaking the law by jacking up the prices unfairly.
Ike price-gouging reported
A quote from the story:
"The Texas governor's website urges consumers with price-gouging complaints to contact the state's attorney general.
ABC News' website reported gasoline stations in Florida charging as much as six dollars per gallon (3.79 liters) -- about 50 percent higher than recent rates according to the American Automobile Association -- and prices in South Carolina rising to 5.59 per gallon."
So, save your receipts and REPORT THEM! This is an unlawful practice.
Message edited by author 2008-09-13 14:12:39. |
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09/13/2008 02:39:35 PM · #62 |
There will always be those that take advantage of the situation. Hiking prices of stuff you need that becomes scarce during a crisis.
Message edited by author 2008-09-13 14:39:53.
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09/13/2008 03:42:22 PM · #63 |
| Prices are up another 16 cents since last night. Thursday morning regular was $3.49 a gallon at the cheapest station in town. Now it is $4.15. Amazingly enough, gas is almost 50 cents a gallon cheaper in the Houston area. If there were truely a shortage, would it not hit there first with all the people gassing up to weather the storm? Yet according to MSN, most stations there have fuel avaialable. |
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09/13/2008 04:03:20 PM · #64 |
Well, I was going to drive out to the boonies to find some inspiration for the Free Study this month, but when I went to get my coffee today, I saw that gas jumped from 1.34 a liter to 1.49 a liter overnight.
For you 'mericans, that's approx. $5.60 a gallon. (using 3.77 liters/gallon)
So yah. No driving anywhere. |
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09/13/2008 04:30:55 PM · #65 |
| I dunno but there seems to be a LOT or cars at my normal station... and it was $3.50 (Boston). I dunno what people are thinking but seems to be a bit off filling going on since it's cheaper then it has been recently. For the record... I was there cause I was running close to empty.... I think people forget how much it costs them to run out and fill up 1/2 a tank in case it goes up. |
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09/13/2008 05:40:53 PM · #66 |
Could the waste output from liposuction clinics be converted to fuel?
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09/13/2008 09:13:10 PM · #67 |
by me here in queens, ny at the sunoco station I always fillup at its $3.67 and last week it was $3.63............funny thing is that like 5 minutes away at an exxon station its 3.99 but that station is always expensive I never go to that one.
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09/13/2008 10:01:55 PM · #68 |
| So far no changes here in Pittsburgh. It's been $3.55 down the road from me, and that's where it has been all week. |
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09/13/2008 10:39:43 PM · #69 |
One station here had gas at $5.02 last night but back down to $3.97 today. The station I always go to is at $3.97 but everyone else seemed to go up about a quarter overnight...
Ooops... forgot to say Lansing, MI...
Message edited by author 2008-09-13 22:40:03. |
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09/13/2008 10:59:59 PM · #70 |
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09/14/2008 12:58:28 AM · #71 |
Originally posted by TooCool:
One station here had gas at $5.02 last night but back down to $3.97 today. The station I always go to is at $3.97 but everyone else seemed to go up about a quarter overnight...
Ooops... forgot to say Lansing, MI... |
It might help that the governor gave a warning to anyone price gouging. |
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09/14/2008 01:00:40 AM · #72 |
| have yet to see it above 4.00 and I think Ike missed it |
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09/14/2008 01:00:56 AM · #73 |
I'm in Florida. We seem to be the capital of price gouging. Yesterday there were prices topping 5.50 in orlando out of "fear of Ike" (luckily I'm in Jax and we were around 4bucks).... today they were 3.60. Its incredible. Two days ago we were asked to limit our purchases to 10 gallons or less. :(
Message edited by author 2008-09-14 01:02:00.
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09/14/2008 01:17:25 AM · #74 |
gas is cheap...you can go so far on 1 tank of gas
definitely worth it imo |
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09/14/2008 01:48:33 AM · #75 |
Prices went up 30 cents a couple days ago and then another 30 cents just today when I had to fill up @ $4.39/gallon.
I read this thread but didn't see one thing mentioned - change your driving habits. Slow down, accelerate slowly, coast to red lights, change air filter, etc. I improved my mileage by about 18-20% by changing the way I drive over the last couple of months. Slowing down also reduces stress (no need to worry about that radar gun) but doesn't take that much more time. Do the math and you'll see.
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