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Question for the US Readers

BushartBushart Senior MemberPosts: 3,041 Senior Member
Did your oil companies/gas stations bend you over these last days since hurricane Harv---like they did nord of the border?

Labour day long weekend travel as well to....cha---****

Replies

  • magallowaymagalloway Senior Member Posts: 1,034 Senior Member
    Bushart wrote: »
    Did your oil companies/gas stations bend you over these last days since hurricane Harv---like they did nord of the border?

    Labour day long weekend travel as well to....cha---****

    About thirty cents a gallon, not nearly as badly as I expected. I drove my daughter from Maine to Minnesota for school the weekend Katrina hit. there was something like a buck a gallon over the week.


    Jim
  • BushartBushart Senior Member Posts: 3,041 Senior Member
    Yeah we went up over 20 cents a litre
  • GoldenladleGoldenladle Super Moderator Posts: 3,928 Senior Member
    It rose 5 cents right before Harvey and has stayed there, much to my surprise.

    Moved to Montana, gonna be a dental floss tycoon.

  • NZ IndicatorNZ Indicator Senior Member Posts: 11,230 Senior Member
  • sherbsherb Senior Member Posts: 5,458 Senior Member
    **** Joe, I'd been perfecting my smart-**** take for a while ��
  • Shawn C.Shawn C. Senior Member Posts: 7,027 Senior Member
    I didn't notice. But I haven't looked. I would be surprised if they had not increased here in UT.

    Somewhat related question for conservatives: Why are price-gouging laws bad?
  • NZ IndicatorNZ Indicator Senior Member Posts: 11,230 Senior Member
    sherb wrote: »
    **** Joe, I'd been perfecting my smart-**** take for a while 😂
    Sorry. I thought better of it and decided not to be a smart **** about gas price.

    I don't look at them or know what the price of gas is right now. Just fill and go cuz you need it.

    Sent from my SM-G900V using Tapatalk
  • sherbsherb Senior Member Posts: 5,458 Senior Member
    Shawn C. wrote: »
    I didn't notice. But I haven't looked. I would be surprised if they had not increased here in UT.

    Somewhat related question for conservatives: Why are price-gouging laws bad?


    There's no such thing as price gouging. An item is worth whatever someone is willing and able to pay.

    That's the orthodox answer, anyway.
  • BuffcoBuffco Senior Member Posts: 10,586 Senior Member
    Another consequence of raising prices - people tend to hoard less, resulting in greater supply.

    Would you rather have empty pumps, or gas that is more expensive for the short term?
  • FishTXFishTX Super Moderator Posts: 8,507 Senior Member
    Went up 35 cents. In the Dallas area it went up some though I don't remember how much. The biggest problem was the short panic. On Friday, with an 1/8th tank of gas, my best friend had to hunt to find a station with gas and no long line.

    Self-fulfilling prophecy. We are going to run out of gas! I better go fill the tank. [every other idiot does the same] Oh no! No gas.
    "We have to find someone who can not only fly this plane, but who didn't have fish for dinner."

    Crooow:This music would work better with women in bikinis shaking all over the place. I guess that's true of any music really.
  • tim_stim_s Senior Member Posts: 2,078 Senior Member
    we shot up from 2.25ish to as high as 2.80, dropped a nickel or so this AM

    i'm sure it was all market related and had nothing to do with profit
    Fly Fishing in Maine - www.flyfishinginmaine.com
  • StevenSteven Senior Member Posts: 4,502 Senior Member
    Shawn C. wrote: »
    I didn't notice. But I haven't looked. I would be surprised if they had not increased here in UT.

    Somewhat related question for conservatives: Why are price-gouging laws bad?

    Somewhat related question for liberals: Why are black markets good?

    The effect of price fixing laws on the price of a good following a negative exogenous shock to supply would be to reduce the supply of that good even further.
  • BuffcoBuffco Senior Member Posts: 10,586 Senior Member
    Shawn C. wrote: »
    I didn't notice. But I haven't looked. I would be surprised if they had not increased here in UT.

    Somewhat related question for conservatives: Why are price-gouging laws bad?

    FishTX hit on my thoughts about it. Gas prices remain the same, everybody panics and hoards it. Liberals are all about to each according to his needs, right? You've filled up your cars right before the storm, but now you want to fill up 20 five gallon cans in the bed of your pickup truck?

    Like Tim hinted at, whenever costs go up during a crisis, everyone immediately claims it's all about profit even though profiteering is illegal I believe. No one considers the increased costs of getting fuel to the pump.
  • StevenSteven Senior Member Posts: 4,502 Senior Member
    sigh....

    Harvey shut down about 25% of U.S. refinery capability. No refineries, no demand for oil. The price of oil went down.

    No refineries, no supply of gasoline. The price of gas went up.

    Oil was up nearly 3% today as refineries came back on line.

    I don't think there's any such thing as illegal profiteering (except maybe in time of war).
  • BuffcoBuffco Senior Member Posts: 10,586 Senior Member
    Steven wrote: »
    sigh....

    Harvey shut down about 25% of U.S. refinery capability. No refineries, no demand for oil. The price of oil went down.

    No refineries, no supply of gasoline. The price of gas went up.

    Oil was up nearly 3% today as refineries came back on line.

    I don't think there's any such thing as illegal profiteering (except maybe in time of war).

    I've got this. Leave the math to me.

    Is there such a thing as legal profiteering? I was being facetious.
  • StevenSteven Senior Member Posts: 4,502 Senior Member
    It's called capitalism. Everybody should look it up.
  • Shawn C.Shawn C. Senior Member Posts: 7,027 Senior Member
    Buffco wrote: »
    FishTX hit on my thoughts about it. Gas prices remain the same, everybody panics and hoards it. Liberals are all about to each according to his needs, right? You've filled up your cars right before the storm, but now you want to fill up 20 five gallon cans in the bed of your pickup truck?

    Like Tim hinted at, whenever costs go up during a crisis, everyone immediately claims it's all about profit even though profiteering is illegal I believe. No one considers the increased costs of getting fuel to the pump.

    A) Yeah, the Flying J refineries in north SLC have such a hard time getting gas to pumps in Ogden due to Harvey. I mean, you should see all the storm surge waters here in Utah! <<< That is the point Tim was making. And don't come at me with the fungible bs. Yeah, supplies ARE fungible, but not within 24 hours of an event halfway across the continent.

    B) Not you specifically, but it always has and always will shock me that The Ordinary Joe will continue to defend big corporations business practices. I'm not a socialist at all, but unfettered capitalism is just as bad.
  • StevenSteven Senior Member Posts: 4,502 Senior Member
    Shawn C. wrote: »
    A)
    B) Yeah, supplies ARE fungible, but not within 24 hours of an event halfway across the continent.
    corporations business practices.

    Just a thought...any excess gas stockpiles we had were gone in about a day.
  • George KGeorge K Super Moderator Posts: 10,890 Senior Member
    Quit yer bitchin'. Here in Scotland I am paying between 1.15 and 1.25 Pounds Sterling per litre. Do the math.

    On the other hand, today I visited the Orkney Brewery, one of whose products is the ever-popular Skull Splitter Ale. :)
    "...this low-rent Lear raging on his Twitter-heath has proven that the phrase malignant buffoon is not an oxymoron..."

    George Will
  • BushartBushart Senior Member Posts: 3,041 Senior Member
    George K wrote: »
    Quit yer bitchin'. Here in Scotland I am paying between 1.15 and 1.25 Pounds Sterling per litre. Do the math.

    On the other hand, today I visited the Orkney Brewery, one of whose products is the ever-popular Skull Splitter Ale. :)

    Brigadooooon.....Brigadooon
  • NZ IndicatorNZ Indicator Senior Member Posts: 11,230 Senior Member
    What does gas cost now?

    Sent from my SM-G900V using Tapatalk
  • StevenSteven Senior Member Posts: 4,502 Senior Member
    George K wrote: »
    Quit yer bitchin'. Here in Scotland I am wearing a skirt with no underwear and paying between 1.15 and 1.25 Pounds Sterling per litre. Do the math.

    Fixed for accuracy
  • creekguycreekguy Senior Member Posts: 4,149 Senior Member
    Steven wrote: »
    sigh....
    I don't think there's any such thing as illegal profiteering (except maybe in time of war).

    Well, how about collusion to raise prices, that is, an informal monopoly? Yes, in the long run, monopolies fall apart. But in the short term, price gouging can be very real and hurt people. How do you feel about Martin Shkreli, should his price gouging be illegal?
  • StevenSteven Senior Member Posts: 4,502 Senior Member
    That's an oligopoly, not illegal profiteering.

    As for Pharma Bro, the answer is no. Glad he went to jail anyway, he's a scumbag.
  • George KGeorge K Super Moderator Posts: 10,890 Senior Member
    Steven wrote: »
    Fixed for accuracy

    I was wondering why half the wimmens have mirrors on their shoes.
    "...this low-rent Lear raging on his Twitter-heath has proven that the phrase malignant buffoon is not an oxymoron..."

    George Will
  • ricinusricinus Senior Member Posts: 6,214 Senior Member
    George K wrote: »
    I was wondering why half the wimmens have mirrors on their shoes.

    Maybe half the guys too. Not that there's anything wrong with that..

    Mike
    My new goal in life is to become an Alter Kaker...
  • creekguycreekguy Senior Member Posts: 4,149 Senior Member
    Steven wrote: »
    That's an oligopoly, not illegal profiteering.

    As for Pharma Bro, the answer is no. Glad he went to jail anyway, he's a scumbag.

    OK, but the point is that an oligothingy, etc. is a price-fixing monopoly, and isn't that an illegal association to profiteer?
  • breamfisherbreamfisher Senior Member Posts: 5,614 Senior Member
    Gas has now stayed stable in my area for the last 3 days.

    Of course, we've been out of if for the last 2 days....

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