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Posted: 8/29/2005 1:55:11 AM EDT
[#1]
It'll be interesting. That shit don't fly in Florida. They'll yank your business license and press criminal charges for price gouging.
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Posted: 8/29/2005 2:02:44 AM EDT
[#2]
Futures went up $4 a barrel yesterday. The rigs that have closed in the gulf are going to shorten production by something like a million barrels. Expect the prices to jump everywhere.
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Posted: 8/29/2005 2:09:57 AM EDT
[#3]
No! Say it isn't so! Surely those poor gas retailers would never do anything so low as to gouge their customers.
 IBTCAFMA |
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Posted: 8/29/2005 2:18:16 AM EDT
[#4]
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Posted: 8/29/2005 2:22:26 AM EDT
[#5]
In 1999 regular unleaded was going for $.95 per gallon. Diesel was $.89 per gallon.
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Posted: 8/29/2005 2:22:37 AM EDT
[#6]
Yeah, that's my point tho. The price jump will be vastly higher than the percentage of lost oil. Someone's getting rich off the upset. The oil companies wail and moan about China/India, and OPEC's pricing. But, they don't just raise the price a bit to cover that increase. If they did, their profits would remain steady. The pump prices go fucking nuts, their profits are record-high, even with people conserving (selling less gas, making more than ever). So, what's that tell me? Oil and gas companies are fucking us. |
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Posted: 8/29/2005 2:24:30 AM EDT
[#7]
And they're not using any lube. Or even giving us a reach around. My asshole hurts like hell. 
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Posted: 8/29/2005 2:26:33 AM EDT
[#8]
they haven't gouged us in shreveport yet, but relatives 30 miles south of me said it went up to over $3 a gallon yesterday.....this sucks as i'm sure it'll be the same here by the time i leave work
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Posted: 8/29/2005 2:28:35 AM EDT
[#9]
heard on the news coming into work that oil has hit $70.00/barrel
 in the Asian markets. We shall see what the market has in store for us here in the US today.
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Posted: 8/29/2005 2:29:39 AM EDT
[#10]
There is a big jump because no one along the gulf coast will have gas stations that will be working for at least a week. Remember, even if the gas station survives the storm, it won't have any electricity to run the pumps. This will mean everyone will drive north and west for gas. Increase in demand=increase in the price. It is economics 101 people this isn't gouging, in fact this helps make an insentive for people to make some money which will help the folks along the coast.
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Posted: 8/29/2005 2:33:58 AM EDT
[#11]
Have her take pictures, or at least keep the receipt if possible. I know the LA AG said they would prosecute predatory pricing to the fullest extent.
This is a grey area, are the gas prices rising because of the events, or are they rising because the stations are trying to take advantage. Either way, the reciept should have the timestamp of the purchase and the purchase price. She should contact the AG in regards to this. |
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Posted: 8/29/2005 1:08:41 PM EDT
[#12]
So explain to me why economics 101 didn't work the same way during other natural disasters that halted gasoline and fuel production, historically in the United States?? That's the entire thing here.....the oil priced jumped up when the London Terror attacks hit. WHY THE FUCK would that raise the price of fuel in the United States??? Immediately, no less. These excuses are being handed down from the oil companies to the media and repeated as gospel but look at the oil companies profits at a time when they should be hurting because of the increased demand and lack of production (not to mention people who are buying less fuel). The profits are GOING UP, NOT DOWN. |
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Posted: 8/29/2005 2:27:35 PM EDT
[#13]
I'm sorry, swingset, but you're way off base on this one. The flux capacitor was the device responsible for time travel. The device that allowed the DeLorean to move away from plutonium as a fuel and use household trash was Mr. Fusion. 
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Posted: 8/29/2005 2:29:18 PM EDT
[#14]
Oh yeah, they're using lube all right; they're using crunchy peanut butter. |
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Posted: 8/29/2005 4:52:41 PM EDT
[#15]
Dammit. I was wrong. Oh well, you have to invent the chicken before you get eggs, tho, right??
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Posted: 8/29/2005 5:01:07 PM EDT
[#16]
Did she get a receipt. They are vowing to come down hard on price gougers here. Have her report the shitbags if at all possible.
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Posted: 8/29/2005 5:02:06 PM EDT
[#17]
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Posted: 8/29/2005 5:02:54 PM EDT
[#18]
And many people along the Gulf Coast were jobless. I hope not to see that kind of gas price any time soon. Actually ever. |
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Posted: 8/29/2005 5:08:35 PM EDT
[#19]
I remember after 9/11 that the prices around here all went sky high because of the talk of war with middle eastern countries. But once word got out that they were prosecuting for the gouging, every thing went back to normal. Now it has gone beserk again.
Pat Start Drilling Alaska Now!!! |
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Posted: 8/29/2005 5:21:20 PM EDT
[#20]
You inconsiderate bastard!1! That could confuse a baby seal or interrupt the mating habits of a caribou
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Posted: 8/29/2005 5:23:59 PM EDT
[#21]
Hell no, do you know how much oil costs. We can't waste it like that.
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Posted: 8/29/2005 5:30:04 PM EDT
[#22]
$2.75 at the local Rape-U-Mart by the house this morning.
It's gonna be over 3 bucks a gallon in a month, and that'll be everwhere. We had a pipeline break here in AZ a couple years back. IF you could find a station that had fuel, you were paying about 3.50 a gallon, and some stores were charging 5 bucks and up. You had to be quick though, because a single tanker load would be gone in a couple hours...It can be worse. |
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Posted: 8/29/2005 5:37:02 PM EDT
[#23]
1 mbd (million barrels a day) is nothing in the oil industry. |
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Posted: 8/29/2005 5:55:14 PM EDT
[#24]
NOW |
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Posted: 8/29/2005 6:03:25 PM EDT
[#25]
Better hold on to your hat, that will probably go up too, because how did that stuff get to your local Wall-Mart shelves? |
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Posted: 8/29/2005 6:08:13 PM EDT
[#26]
+1 ETA: and develop more nuke power 
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Posted: 8/29/2005 7:28:07 PM EDT
[#27]
Amazing how socalist people get when it comes to their own pocket books. Capitalism is based on supply and demand. When there is a large supply and low demand, prices go down. When there is a short supply and high demand, prices go up. Regardless of ALL other factors, that is how it works. Like it or not. If I was the only Stop-N-Rob in the area, you bet prices just went up. You know why? Because I have a limited supply of bagged ice, and everyone wants them. The same bag that was $.99 is now $1.29 and if I'm down to two bags and someone wants to outbid everyone else to get them, skys the limit. The flipside is, as the consumer you have the choice to either buy from me or not. If nobody buys from me I will have to lower my prices as ice doesn't last forever. Let the market set the price. Just like gas right now. Until we, as a collective whole, stop buying gas the price will continue to rise. You know why they do it? Cause we keep paying it and demand isn't even slowing, in fact demand is growing! They keep raising it and we keep paying it. What incentive do they have to lower it? None. All we do is complain about it. Until they are stuck with bunch of barrels of useless slimy, liquid that they can't get any money for, they have all the power. Do I like it no! But what are you going to do?
We live in a capitalist society. The market will bare what it will bare. Just like on 9/11, I was driving home that afternoon. I passed two gas stations, one directly across the street from the other. One had gas at $2.99, the other only raised prices about 20 cents to $1.59. Guess which one had a line of cars out the driveway and which one was deserted? Also guess which one about four hours later, when I drove by had lowered their prices back to the same as their competition? The market set the price. Flame suit on!! |
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Posted: 8/29/2005 8:09:52 PM EDT
[#28]
The market isn't setting the price, and this isn't a commodity where we can choose whether we use gas, or some other fuel. We all need it, and the oil industry acts in collusion maintaining price at the pump. I don't think there's much doubt about that. My mom used to own a gas station, an independant, back in the mid-70's. Know why there aren't independants anymore? It's easy.....who will sell them gas? Where could they buy it that doesn't demand they price a certain amount at the pump? The oil companies took control of the gas distributorships around then, and cut off independants who would undersell their chain gas stores. So, the market was monopolized. Only big companies, or independants who would price according to their control, would remain in business. My mom was driven out of business, her and about 10,000 other small gas operators, and it's been bad for people ever since. The market wanted choice, and the oil companies killed it. Is that how it's supposed to work? I'm not a socialist, but monopolies are bad for freedom historically. |
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Posted: 8/29/2005 8:12:17 PM EDT
[#29]
Price gouging...
Keep crying commies. |
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Posted: 8/29/2005 8:25:02 PM EDT
[#30]
Think about it in another way. If no one increased prices, could the gas station stay open or at least have gas for any length of time? If the traffic is such that the tankers cannot travel the roads to deliver the gas to the stations, how long will the tanks last?
And the rumors of a gas shortage would cause hording. Instead of letting the market decide who gets gas, its mob rule and big tanks. Is that "fair"? Face it, poor people cannot eat the same food as rich people. Do you think that is gouging? |
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Posted: 8/29/2005 8:37:35 PM EDT
[#31]
You really can't think of gas in terms of wants. It is a need.
It's not that anybody is going flat broke by paying these prices, but it does take a large portion of most people's incomes. Perhaps more than it should. There is no other industry in the world that has society by the balls like oil companies do. I just wonder where it will end. When people can afford to drive to work? |
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Posted: 8/29/2005 8:52:44 PM EDT
[#32]
Ever hear of walking? Bicycle? Bus? Gasoline has the implied need but it has alternatives. Air is a need. Water is a need. Shelter is a need. Food is a need. Sirloin steak isn't. Get the picture? If the prices were NOT raised in light of supply instability, there would be a limit of 5 gallons per purchase, rationing cards and quotas. Is that fair? Ever see pictures of a communist grocery store? One loaf of week-old bread on the shelves. |
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Posted: 8/29/2005 10:21:14 PM EDT
[#33]
Ain't it about time our so-called "Energy Dept" pulled their thumbs out of their butts and start earning their pay?
Where's the push for alternative energy sources? Where's the plans to build more nuclear plants? What the hell happened to the Biofuels idea?....remember when you could buy 10% alcohol blended gas back during the last gas crunch? OPEC leader (some Kuwaiti guy) was interviewed on high oil price: Even he didn't understand why it was so high....their has been no halt in crude oil flow, in fact they had increased crude production by some 9 million barrels. So now....since we are swamped with supertankers waiting to be unloaded...we turn our attention to refinement. Just heard on the news that the refineries had survived Katrina just fine.....so, I guess gas prices should fall as fast as they rose, huh? Yeah right. So it must be the evil retailers gouging us, right?.....Wrong, these guys are on the front lines with the public. They bare the brunt of our anger; get screwed with daily "drive-offs"; and really don't make squat on gas. They make their money on beer and potato chips and other condiments Inside the store. The real problem, other than deadpan oil companies not wanting to build new refineries, is sitting right there on Wall Street.....The oil commodities trader/speculator. These SOB's have bid up the price of crude like an '80's internet IPO...and for some of the lamest-ass excuses on the planet . Hell, if a frog farts on a Louisianna lilypad, they're screamin' the ripple effect will topple over 25 drilling rigs. Right now, looks like the only way out of this mess is to throw the economy into a recession. At least then we'll get some action out of Washington....and hopefully, all those traders holding $100/barrel futures contracts will get their asses burned and have to sell at $35. |
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Posted: 8/29/2005 10:33:13 PM EDT
[#34]
+1 Let them scream free market when the traders loss their ass. There will be no sympathy for them here. |
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Posted: 8/30/2005 12:21:09 AM EDT
[#35]
Slow down there...The profit margin on refining is also nil. The majority of the problem is the extensive regulation in building new refineries. There is one comapny that has been trying for 10 years to get one built in Arizona. 10 years. Not even started with construction. What is the hold up? First of all NIMBY. No In MY Backyard. So they decided to find an area where no one lives. Then Endangered Species Act. The loonies will always find an endangered species near any site selected. The imapct study takes years because they have to study several seasons and then formalize a report and have all parties agree there will be no impact.... When that is over, another looney comes up with environmental impact questions. Clean Air Act. Clean Water Act. Again, years are spent, er, WASTED, on this bull. This continues until one side cannot economically justify their side. Then the unions step in. And we all know the stellar safety records on unionized refineries... And that is the problem. All that trouble for such little profit. |
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Posted: 8/30/2005 2:01:52 AM EDT
[#36]
All I know is that my 212 mile round trip to work in my 4dr 4x4 truck is getting expensive.
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Posted: 8/30/2005 2:46:37 AM EDT
[#37]
So, then there's never any gouging at the pump, and we have an alternative to gasoline where, exactly? The only thing worse than someone who feels the government should step in to industry is the ignoramus that thinks industry can do no wrong. Guess where you are. |
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Posted: 8/30/2005 2:51:40 AM EDT
[#38]
Now tell me Labor Day Weekend doesn't have a thing to do about it?
The current industry makes Standard oils monopoly look like childs play. If any other industry in the US shared price information the way the oil industry does, they would be in jail. Competition is a free market not price fixing. Tj |
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Posted: 8/30/2005 2:41:05 PM EDT
[#39]
Finally someone gets it. It's not that a single business or company doesn't have the right to charge what they want, but when they act in concert to keep prices at a certain level, with no competition or alternative allowed, that's price fixing, and it's illegal and bad for our system. |
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Posted: 8/30/2005 2:51:17 PM EDT
[#40]
I'm glad I get 55 MPG.
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Posted: 8/30/2005 3:05:44 PM EDT
[#41]
I was just about to start typing out a simlar rant, but you beat me to it. I agree wholeheartedly. There is NO SUCH THING AS PRICE GOUGING! If people don't like the price enough, they wont pay. Any market will swing wildly under extreme conditions, its just a reflection of human nature...do what you have to to survive. What sickens me is when people embrace free markets until it goes against them personally. So much for basic principles. |
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Posted: 8/30/2005 3:12:28 PM EDT
[#42]
Guys, the wholesale price of gasoline at the refinery rack in Houston is now $3.15 a gallon. WHOLESALE.
Even Reuters news has covered the fact that the wholesale price has hit $3.15 The retail price is about to go up from there. |
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Posted: 8/30/2005 4:44:10 PM EDT
[#43]
You drive 106 miles to work on muddy roads? |
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Posted: 8/30/2005 4:49:15 PM EDT
[#44]
I do't think $3.20 rises to the level of gouging.
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Posted: 8/30/2005 4:49:46 PM EDT
[#45]
Everyone band togeather and sit on our asses for about 2 days with out buying anything let alone gasoline and see what happens. Lets not go to work, or the stores LET THE GOVERNMENT AND CORPRATE AMERICA FEEL OUR WRATH. It's our money they need to fill their pockets |
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Posted: 8/30/2005 4:50:13 PM EDT
[#46]
The prices will only go as high as the market will support. The .gov not only cannot legitimately do anything about the fuel prices, but they should not.
We need more refining capacity than what we have. Tell the fucking sierra club to shut the fuck up, build some refineries, and we will have lower prices. If they have it and you want it, you are gonna have to pay what they are asking, or go without. Gouging would be if all the stations in a state arbitrarily raied prices to 50 bucks a gallon during an evacuation..... |
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Posted: 8/30/2005 10:28:34 PM EDT
[#47]
Gouging can occur at a single station - and it happens occasionally. But, that's not what's really at issue. What is price fixing? Have a guess? That is when industry, by collusion, set prices by artificial means, contrary to market levels. Artificial pricing, by force. You, as a businessman, could not setup a chain of gas stations and sell gas at any price you desired. You would not be able to buy the gas, if you decided to sell at a level lower than the gas distributors had their schedule fixed at for your geographic location. Try it and see. My family lost their living in exactly this way 20 years ago, and it's not changed. Matter of fact, it's gotten worse. That's not free market. Any of you business geniuses, pro-capitalist, wonder boys care to tell me how an entire industry forbidding free private operation is not price fixing??? There is no alternative to gas, it drives our entire country. We cannot chose to "opt out", and thus they have the ability and WILL keep price high in concert with one another. Think you're going to "boycott" gas and not buy it for a day or two? That will work....when on day 3 you buy enough gas to cover the lost profits from the previous 2 days. Duh. |
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