Unofficial poll of gas prices

It's my personal opinion that the increase in gas prices is almost entirely
bogus. The US has reserves that can be tapped and plenty of capacity
outside of the state of Louisiana. I think it is price gouging at the
highest levels. What I don't know is whether or not it's at the local level
too.

I find it unlikely that all gas stations in my part of the country, have
already experienced an increase in their inventory cost. i.e., they've all
bought gas at the new, inflated prices. In fact, I suspect that even the
suppliers have not yet experienced a cost increase that justifies the
increase at the pumps in my part of the country.

In order to get a better understanding of the true situation, I thought I'd
conduct an unofficial poll of gas prices. Here, in the Fort Lauderdale
area, regular is going for $2.99 a gallon, about $50 more than it cost a
week ago. High test seems to be selling for about $3.20 at stations whose
pumps will go that high. Interestingly, one station is charging $2.99 for
regular, midgrade and high-test. Obviously, their pumps aren't equipped to
charge more.

What's it like in your part of the country?

Lee

Lee Bell wrote:
> It's my personal opinion that the increase in gas prices is almost entirely
> bogus. The US has reserves that can be tapped and plenty of capacity
> outside of the state of Louisiana. I think it is price gouging at the
> highest levels. What I don't know is whether or not it's at the local level
> too.
>
> I find it unlikely that all gas stations in my part of the country, have
> already experienced an increase in their inventory cost. i.e., they've all
> bought gas at the new, inflated prices. In fact, I suspect that even the
> suppliers have not yet experienced a cost increase that justifies the
> increase at the pumps in my part of the country.
>
> In order to get a better understanding of the true situation, I thought I'd
> conduct an unofficial poll of gas prices. Here, in the Fort Lauderdale
> area, regular is going for $2.99 a gallon, about $50 more than it cost a
> week ago. High test seems to be selling for about $3.20 at stations whose
> pumps will go that high. Interestingly, one station is charging $2.99 for
> regular, midgrade and high-test. Obviously, their pumps aren't equipped to
> charge more.
>
> What's it like in your part of the country?

Jeez, we pay about $6.80 - you people don't know you're born

--
"A democracy is nothing more than mob rule, where fifty-one percent of
the people may take away the rights of the other forty-nine." - Thomas
Jefferson

Lee Bell wrote:

> What's it like in your part of the country?
>
> Lee
>

long lines at the cheapest places but I haven't seen gas go up. As of
yesterday nite ~$2.55.

I Agree with you about he price gouging, you ever notice that as soon as
news/speculation comes out that gas Might go up it Does.

-snip-
> What's it like in your part of the country?

Gas went up to $1.20 a Litre yesterday. That's about $4.55 CDN per US
gallon. With exchange that's $3.70 US.

When demand is constant or climbing, the market will allow for higher
prices. Since people aren't curbing their gas use, the price will
continue to climb. Is it price gouging? Not exactly. It's a captive
market (you have no choice but to use gas - even if you bike, the food
you eat is grown with the help of gas-powered tractors and it gets
trucked in, etc.) combined with a free market economy. The vendors are
free to set their price to whatever the consumers will tolerate. I'm
sure that people who have taken economics more than once have fancier
words for this.

Of course, I don't know why every gas station in my city is the same
price when other cities have varying prices. We're on an island, so we
are captive to whatever whims the gas companies have.

If you want the price to go down, just convince everybody to stop buying
gasoline. Just like "Buy Nothing Day", it's a widly successful venture.

--
Magnus McElroy
Electrical Engineer (EIT)
HABIT Research
(250) 381-9425

> What's it like in your part of the country?
>
> Lee

£0.92 a litre

>
about 3.50 in Lafayette Indiana

In article <5V_Re.5628$_84.4636@newsread1.news.atl.earthlink. net>, Lee
Bell <leebell@ix.netcom.com> wrote:

€ It's my personal opinion that the increase in gas prices is almost entirely
€ bogus. The US has reserves that can be tapped and plenty of capacity
€ outside of the state of Louisiana. I think it is price gouging at the
€ highest levels. What I don't know is whether or not it's at the local level
€ too.
€
€ I find it unlikely that all gas stations in my part of the country, have
€ already experienced an increase in their inventory cost. i.e., they've all
€ bought gas at the new, inflated prices. In fact, I suspect that even the
€ suppliers have not yet experienced a cost increase that justifies the
€ increase at the pumps in my part of the country.
€
€ In order to get a better understanding of the true situation, I thought I'd
€ conduct an unofficial poll of gas prices. Here, in the Fort Lauderdale
€ area, regular is going for $2.99 a gallon, about $50 more than it cost a
€ week ago. High test seems to be selling for about $3.20 at stations whose
€ pumps will go that high. Interestingly, one station is charging $2.99 for
€ regular, midgrade and high-test. Obviously, their pumps aren't equipped to
€ charge more.
€
€ What's it like in your part of the country?
€
€ Lee
€
€

Two days ago, independants were selling regular for ~$2.70, premium for
$2.99. Affiliated stations (Chevron, BP, Shell, etc) were selling
regular for ~$2.80. premium for ~$3.10. Yesterday prices at the
independants (that I looked at) had regular at $3.07 and premium at
~$3.20. The affiliates were at $2.94 for regular and ~$3.15 for premium

"Lee Bell" <leebell@ix.netcom.com> wrote in message
news:5V_Re.5628$_84.4636@newsread1.news.atl.earthl ink.net...

> What's it like in your part of the country?

$3.07 for super.

over here in the uk we are paying 89.9p p ltr thats about £4.04 per gallon
is that some thing like $7/8 per gallon

"Lee Bell" <leebell@ix.netcom.com> wrote in message
news:5V_Re.5628$_84.4636@newsread1.news.atl.earthl ink.net...
> It's my personal opinion that the increase in gas prices is almost
> entirely bogus. The US has reserves that can be tapped and plenty of
> capacity outside of the state of Louisiana. I think it is price gouging
> at the highest levels. What I don't know is whether or not it's at the
> local level too.
>
> I find it unlikely that all gas stations in my part of the country, have
> already experienced an increase in their inventory cost. i.e., they've all
> bought gas at the new, inflated prices. In fact, I suspect that even the
> suppliers have not yet experienced a cost increase that justifies the
> increase at the pumps in my part of the country.
>
> In order to get a better understanding of the true situation, I thought
> I'd conduct an unofficial poll of gas prices. Here, in the Fort
> Lauderdale area, regular is going for $2.99 a gallon, about $50 more than
> it cost a week ago. High test seems to be selling for about $3.20 at
> stations whose pumps will go that high. Interestingly, one station is
> charging $2.99 for regular, midgrade and high-test. Obviously, their
> pumps aren't equipped to charge more.
>
> What's it like in your part of the country?
>
> Lee
>

In article <43187c7d$0$11063$e4fe514c@news.xs4all.nl>, BarryNL <n@n.nl>
wrote:

€ Lee Bell wrote:
€ > It's my personal opinion that the increase in gas prices is almost entirely
€ > bogus. The US has reserves that can be tapped and plenty of capacity
€ > outside of the state of Louisiana. I think it is price gouging at the
€ > highest levels. What I don't know is whether or not it's at the local
€ > level
€ > too.
€ >
€ > I find it unlikely that all gas stations in my part of the country, have
€ > already experienced an increase in their inventory cost. i.e., they've all
€ > bought gas at the new, inflated prices. In fact, I suspect that even the
€ > suppliers have not yet experienced a cost increase that justifies the
€ > increase at the pumps in my part of the country.
€ >
€ > In order to get a better understanding of the true situation, I thought I'd
€ > conduct an unofficial poll of gas prices. Here, in the Fort Lauderdale
€ > area, regular is going for $2.99 a gallon, about $50 more than it cost a
€ > week ago. High test seems to be selling for about $3.20 at stations whose
€ > pumps will go that high. Interestingly, one station is charging $2.99 for
€ > regular, midgrade and high-test. Obviously, their pumps aren't equipped to
€ > charge more.
€ >
€ > What's it like in your part of the country?
€
€ Jeez, we pay about $6.80 - you people don't know you're born

The difference is that your petrol is heavily taxed, so at least *some*
of that outrageous price is going back to the people. Here, it's all
oil company profit.