Posted on 09/08/2005 11:08:53 AM PDT by aynrandy
You mean I can't go to a competetors gas station and get a lower price?
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You can and in my town here in California, the highest price over the holiday weekend was $3.09 a gallon -- the LOW-PRICED, CHEAPER COMPETITION was $3.06.
I will say it again -- there is no competition.
price is set at NYMEX, an efficient market.
Ah. The dreaded inelasticity of demand. I remember in the 70's when all the leftist economists told us that demand for gasoline is virtually infinitely inelastic because it is a necessity. Hence the need for price controls.
Their ideas got tested in the real world when gas prices skyrocketed after the Arab oil crisis. The leftist economists of the 70's turned out to be completely wrong. You are just as wrong today as they were then. Both demand and supply will respond to changing market conditions if well-meaning but ignorant people will just butt-out and let the price mechanism work.
"We were seeing the prices go up in four or five days from 60 to 70 cents..."
If this increase were due to a gas tax, they wouldn't consider it a legislative gouging of the public. They'd consider it money owed by the consumer to the protective state.
"I will say it again -- there is no competition."
And you will be just as wrong as the first time you said it. Competition does not mean there will be a lot of different prices. The price that you are seeing is the market price, and the fact that there is not much difference from one gas station to the next is even more proof of that.
yes, I think it would be ok. if we put an artificially low price on seating, the demand would be so high, in effect, no one would be able to get on the plane. As many smart people have already noted: capitalism isn't the fairest system in the world, only the fairest one we have.
you live in a high reg, boutique gas state. move. seriously.
"...why did they let it go down...?"
??
Well, I drive by this place at least 4 times per day. They are an independent station. They don't have a convience store inside, but they do have a service garage.
The worse part is, he has a LED billboard with some text scrolling begging that he is do what he can to keep prices down. LOL!
I expect more from people on a conservative site. Populism in economics will be the death of the conservative movement because, when all else is said and done, conservative economics works. If you take away from our movement that we actually have policies that work and replace them with the silly c$$p being proposed by many FREEPERS on this and other threads, there is really no reason to vote for conservatives.
you live in a high reg, boutique gas state. move. seriously.
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Yes, and more properly, I live in a state that has been hijacked by liberals that pander to the enviro-whacko leftists which support them. I am going to move for sure for that, and other reasons all tracable back to the liberal dessimation of what was the greatest state in the nation...
Then you would be the only one not complaining that you are being gouged.
One more question...
IF WE CAN PUT A MAN ON THE MOON, WHY CAN'T WE DESIGN A CAR THAT RUNS ON JUNK MAIL?
That's fine, but how often does his fuel supplier call him and say "Hey, your cost will be $3.00/gal."...3 hours later they call back "Hey, you cost will be $3.20/gal."...the following morning they call back back "Hey, your cost will be $2.98/gal."...etc.
And so on and so on.
If cali were charged a Nimby tax until offshore rigs and refineries were built, this nonsense would stop.
I live in NYC, so I hate the nonsense too. When expenses outweigh what I can make, I will move too.
Agreed! And not only that but gas is one of the few items that a consumer can comparison shop without ever getting out a car. Gas is MORE competitive than almost any other market.
You don't think that the increased demand symbolized by everyone lining up to buy gas in the southeast had anything to do with it? I.E. demand goes up, price goes up?
That saves money. Gas prices directly effect certain people more than others...
"I expect more from people on a conservative site. Populism in economics will be the death of the conservative movement because, when all else is said and done, conservative economics works. If you take away from our movement that we actually have policies that work and replace them with the silly c$$p being proposed by many FREEPERS on this and other threads, there is really no reason to vote for conservatives."
I agree 100%. People who spout this nonsense just don't have a clue about economics or our free market system.
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