[OldSmaj]

But there is another side to that coin. When everything settles down one would hope that people would have memories...remembering those charging usury prices and those simply charging what the market will bear.

There will be repercussions in the local markets, particularly in the rural areas.

One local station that usually services 20-30 vehicles per day, on a good day, raised his prices three times during the day, based upon watching the news.

He went from $2.43 per gallon to $2.89, and will probably go to over $3.00 today, which would probably not have been noticed as much in a high-volume station, but everyone LOCAL knows that he raised the price on what was in the ground.

His is a convenience store in the truest sense of the word, as most persons that fuel up there do so only because the nearest station with better prices is located down off the mountain, at least 14 miles away, either direction.

I suspect he lost a few "convenience" customers as a result of that particularly evident gouge.

[jwalsh07]

We can only hope Top.

[Smokin' Joe]

The price of a gallon of regular unleaded went from $2.65 to $3.16 here in 4 days. Price gouging? Nope. Just making sure they can afford the next load. We are on the wrong border for Hurricanes.

[Gondring]

I suspect he lost a few "convenience" customers as a result of that particularly evident gouge.

Thus demonstrating that the system works! :-)