Venturous Randy Posted September 12, 2008 #1 Posted September 12, 2008 Gas prices up locally $0.45 already this morning to $4. Heard in city near by up to $5.05 for reg. Ike is going to cost everybody big time, no matter where you live. I wish the folks of Texas well, but it looks like you are going to get it! RandyA
Carbon_One Posted September 12, 2008 #2 Posted September 12, 2008 Yep our area just seen a .50 raise in fuel prices these last 2 days. Where it'll end is anyones guess. Not likely to be good news no matter where we live. Larry
hipshot Posted September 12, 2008 #3 Posted September 12, 2008 Gas prices up locally $0.45 already this morning to $4. Heard in city near by up to $5.05 for reg. Ike is going to cost everybody big time, no matter where you live. I wish the folks of Texas well, but it looks like you are going to get it! RandyA[/quot randy. isn't that considered "price gouging", and strictly illegal? speaking of that, i saw a guy yesterda, coming from "down in the valley", Harlingen, with a 20 foot trailer . he had bought 27 Coleman "powermate", generators, and was heading TOWARD the hurricane's landfall, location. he said, "i'm gonna triple my money, with this load". i just laughed and told him he'd be in jail, before he sold the third power plant! i guess he thought the local leo.s, wouldn't notice that he was price gouging, AND vending without a license! i hope the bust him, wherever he sets up shop, before he sells even ONE! just jt
Skid Posted September 12, 2008 #4 Posted September 12, 2008 Still $3.689 here, but waiting to see what ike does for us....
Naked Rider Posted September 12, 2008 #5 Posted September 12, 2008 went home from work it was $3.41 ate dinner watched the news and went back out gas was $3.75 at one place and $4.09 in another
mini-muffin Posted September 12, 2008 #6 Posted September 12, 2008 Yep our prices are up too. No telling how high they are gonna go. Margaret
greg_in_london Posted September 12, 2008 #7 Posted September 12, 2008 Is that price per litre or per gallon - if it's per litre that sounds like it's getting tough, but if it is per gallon it is still phenomenally cheap.
mini-muffin Posted September 12, 2008 #8 Posted September 12, 2008 Ours is per gallon, Canada is per liter around these parts. Margaret
hipshot Posted September 12, 2008 #9 Posted September 12, 2008 Still $3.48 per GALLON, here. won't stay that way long. expect at least $.75 rise, "just 'cause", they have an excuse, now. just jt
RedRider Posted September 12, 2008 #10 Posted September 12, 2008 Gas prices up locally $0.45 already this morning to $4. Heard in city near by up to $5.05 for reg. Ike is going to cost everybody big time, no matter where you live. I wish the folks of Texas well, but it looks like you are going to get it! RandyA[/quot randy. isn't that considered "price gouging", and strictly illegal? speaking of that, i saw a guy yesterda, coming from "down in the valley", Harlingen, with a 20 foot trailer . he had bought 27 Coleman "powermate", generators, and was heading TOWARD the hurricane's landfall, location. he said, "i'm gonna triple my money, with this load". i just laughed and told him he'd be in jail, before he sold the third power plant! i guess he thought the local leo.s, wouldn't notice that he was price gouging, AND vending without a license! i hope the bust him, wherever he sets up shop, before he sells even ONE! just jt If there are no generators available, and you have $1000 in meat, etc. you need to protect, and you didn't think ahead of time to prepare - why would it be gouging to supply generators at what the market will bear? Is it nice - NO. But the profit incentive will provide generators to those that really need it and didn't prepare ahead of time. Same goes for ice, gas, diapers, etc. The free market will provide products to those that really need it. Need is based on what the buyer will pay. If they don't want to pay the price, they don't really need it. If it is illegal to sell at above retail prices, once the local supply is gone - NO ONE gets a generator. All this theory gets seriously modified when it pertains to life and death. Strict Capitalistic Rant off. Let the floggings begin. RR
friesman Posted September 12, 2008 #11 Posted September 12, 2008 when i went to work this morning we were 1.31 a litre coming home for lunch everyone was up to 1.45.9 a liter. :mo money:
timgray Posted September 12, 2008 #12 Posted September 12, 2008 Gas stations all over are price gouging to take advantage of everyone. It's disgusting that they do this. The gas in the ground tanks at the local station does not magically get more expensive when things happen, they just decide to raise the prices to steal more profits from our wallets when this stuff happens.
calperin Posted September 12, 2008 #13 Posted September 12, 2008 I saw the prices rised here about 2 days ago when nobody reported any plans on hold production or supplies on oil from the gulf. This is another demonstration that whatever happens, they will push to get our money one way or another. I understand the Hurricane, but not the rush on all the oil chain to keep growing earnings. If we're in emergencies or war, (Take it as you wish) there are key items that shouldn't be part of commodities any more.
got2mnytoys Posted September 12, 2008 #14 Posted September 12, 2008 gas stations base the price on futures ( what it cost to replace what they have) but what better way to increase fuel prices than by telling everyone its going to $5 a gallon for reg ,so they go and fill up , in return causes a shortage because everyone purchased gas today instead of spreading it thru the week
bryan52577 Posted September 12, 2008 #15 Posted September 12, 2008 Purchased gas for the car 30 minuets ago for $3.38 here in Oskaloosa,IA. No doubt
got2mnytoys Posted September 12, 2008 #16 Posted September 12, 2008 friend that owns a gas station called this morning going to order fuel the lady told him that IF she could get any gas for him that HIS COST was going to be 4.15 per gallon but she wasn’t sure she would even be able to get any for him. And she said the price was going to sky rocket. he run out before lunch ,said he sold as much this morning as he usually sells in 3 days
Skid Posted September 12, 2008 #17 Posted September 12, 2008 Still $3.689 here, but waiting to see what ike does for us.... Well it hit here this afternoon...Now $3.889:confused24:
GeorgeS Posted September 12, 2008 #18 Posted September 12, 2008 We need more of them !! And I think by now, we all know why there is a shortage.
hipshot Posted September 12, 2008 #19 Posted September 12, 2008 If there are no generators available, and you have $1000 in meat, etc. you need to protect, and you didn't think ahead of time to prepare - why would it be gouging to supply generators at what the market will bear? Is it nice - NO. But the profit incentive will provide generators to those that really need it and didn't prepare ahead of time. Same goes for ice, gas, diapers, etc. The free market will provide products to those that really need it. Need is based on what the buyer will pay. If they don't want to pay the price, they don't really need it. If it is illegal to sell at above retail prices, once the local supply is gone - NO ONE gets a generator. All this theory gets seriously modified when it pertains to life and death. Strict Capitalistic Rant off. Let the floggings begin. RR point taken, red rider! i guess what you are saying, is "in the event of an EMERGENCY SITUATION, it's o.k. to cheat a fellow human, just because he is a part of that emergency. i don't agree , that that is a part of the "free enterprise" equation. i am done with this one. just jt
ibents Posted September 12, 2008 #20 Posted September 12, 2008 Our prices have just risen as I speak, from $1.22 to $1.40 per litre, It just takes someone to sneeze the wrong way and up it goes, it goes up if there is a threat that someone may blow up a pipe line in Nigeria. The Sept futures were at $113 a barrel, why are we not seeing the reduction now when the oil was at $147 a barrel earlier in the summer. I don't care what you call it, if it looks like gouging and smells like gouging, its gouging. I feel for the people down in Texas and pray for their well being and hope that they escape with minimal damage. Ian
Yammer Dan Posted September 12, 2008 #21 Posted September 12, 2008 Oil down. Gas up. Makes sense to me.
mini-muffin Posted September 12, 2008 #22 Posted September 12, 2008 Some stations around here are limiting you to 10 gallons at a time. Jeff said the gas prices down somewhere between new bern and chocowinity are up to 4.69. That's up about a dollar or so. Margaret
Sleeperhawk Posted September 12, 2008 #23 Posted September 12, 2008 South Carolina has inacted the price gouging law, any station here must prove what they are paying wholesale now if complaints are filed against them. Some of the stations are charing 4.79 per gallon where others are at 3.89
mini-muffin Posted September 12, 2008 #24 Posted September 12, 2008 Yep NC and VA have done the same. I went out earlier and the price was about 3.69 here locally. Margaret
juggler Posted September 12, 2008 #25 Posted September 12, 2008 (edited) Prices go up when a hurricane threatens Gulf Rigs and Texas Oil refineries. This is normal when a threat to supply is perceived. Your local gas station has little choice when their supplier raises their prices. And in states like MN we have a mandated by law minimum price at which gas stations can sell their gas. That price is based on the daily price at the suppliers even if the station did not buy any new gas that day. Relax it will pass with the storm. http://www.gasbuddy.com/ Rant all you want about gas. This is a cool Nation Wide map of gas prices. http://www.gasbuddy.com/gb_gastemperaturemap.aspx Edited September 12, 2008 by juggler
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