Gas price hikes

[markperez]

Originally Posted by epoh

Thank you.

Economics is very difficult for most people to understand, which is pretty depressing. This may help some understand - http://shotsacrossthebow.com/archive...44.html#003044 but many will still probably not understand. On the bright side - you don't have to buy gasoline from anyone! :) Ride a bike.

LOL yeah because I am so sure that gas stations are raising prices to protect us. But hey if some guy named Rich from east Tennessee says this is case then who am I to question large markups in gas price.

[epoh]

Of course they aren't doing it to protect us. Please re-read. That just so happens to be the outcome of conserving the gas.

[andyz]

As things settle down the prices will drop.

They may drop only half of the increase and instead of 3 days when going up, it may take 6 months to go down, but it could happen.

Oh, did Ike make pigs fly?

[ka5txl]

Originally Posted by Cerbera LM

It's called profit, if there's no profit then the shelves are empty and the gas tanks are dry. Supply and demand problems are never solved by applying price controls.

Gouging laws make matters worse.

So by your logic if there were suddenly a problem your water supply then it's ok for me to sell you water at $20 a case when it was $4 a case just before when there wasn't a problem with your water supply?

[andyz]

Gas that is being sold at the high price, was purchased at the lower price pre-Ike. Possibly even at the lower cost per barrel than 3 months ago. I don't know how long oil takes to get through the pipeline. But costs always go up faster than they go down. That is profit and too much profit is gouging. In some cases these folks should be ashamed.