Re: Gas Prices
- Ronn!Blankenship wrote:
> At 07:40 AM Thursday 9/1/2005, Julia Thompson wrote:Dang! That's worse than my story!
>> Leonard Matusik wrote:
>>> Wed, 31 Aug 2005 15:19:31 -0700 Warren Ockrassa wrote:
>>>> On Aug 31, 2005, at 3:12 PM, Horn, John wrote:
>>>>> Can someone (anyone?) explain what's going on?
>>>> Some call it capitalism; some call it opportunism; some call it
>>> Actually, the grown-up answer is a little simpler. Must-needs of cash
>>> flow demand that people who sell things for a living, sell them for
>>> their anticipated cost of replacement. Gasoline is no different from
>>> anything else. Maybe the vendor makes a little short term profit. The
>>> smart ones plow it into infrastructure improvement rather than
>>> declare a divident.
>> Or maybe they're trying to make sure they can pay for the *next*
>> shipment, which will cost significantly more than the last one did,
>> and aren't sure how much that will be.
>> If the price at the Chevron station is still what it was when I came
>> in yesterday afternoon, I'm buying gas there for once. (It's usually
>> the most expensive gas on that road, but it was within $0.02 of the
>> cheapest gas, which was at a couple of Shell stations, which usually
>> charge more than the Exxon and the HEB. Weird.)
> Some BP station in Atlanta is charging -- and has posted -- $5.87/gal.
> for regular, and $6.07 for the highest grade.
I drove by the Chevron this morning after 9. They posted $2.679. I
drove by the Albertson's. They posted $2.749. I went to HEB. They
posted $2.789. So the Chevron is the best place to buy gas.
I buy my groceries at HEB and head back to the Chevron station. The
price had gone up to $2.799. I grumbled and filled up the gas tank in
I took a different vehicle to pick up Sam at school. I went to the
Albertson's to buy the green bell peppers I'd neglected to get at HEB.
When I went in to the store, the price was still $2.749. When I came
out of the store, intending to buy gas, the price had jumped to $2.819.
I figured I'd just go back to the Chevron and pay the $2.799 there.
So I get to the Chevron and the price is now $2.899! I grumble and
drive home without topping off that tank.
I'm going to take that vehicle to take Sam to an appointment and go back
to the HEB on the way back and pay whatever the heck HEB is charging at
that point this afternoon, and expect the Chevron price to be up once
----- Original Message -----
Sent: Saturday, September 03, 2005 6:02 PM
Subject: Re: Gas Prices
> In a message dated 9/2/2005 10:49:31 PM Eastern Daylight Time,
> dsummersminet@... writes:
> > But, if there is
> > a shortage, and prices are kept constant, what, besides rationing or
> > lines, would reduce demand to the level of supply? This isn't a
> > question, I can't think of another mechanism that would work quickly
> > efficiently.
> I see your point but their might need to be some response. Set up carl
> add bus lines; some support
Certainly. I could even make a free market argument that the time/cost
tradeoff favors busses and car pools more as gas prices rise. :-) Indeed,
I'd argue that we should have been taxing gas at a rate closer to the
European rate in order to encourage consumption.