Slaughter Pushing Gasoline Allocation (Price Caps)

WXXI ^ | 2005-09-12 | Deanna Garcia

[DB]

It would be a bargain, if you could only get some...

[Politicalmom]

It has been down below $2.70 in the Atlanta area.

[Arkinsaw]

Supply and Demand curve. Easy to understand. All politicians should be required to take Economics 101.

[cyborg]

I don't think we'll be back down to the 1.50 level but below 3.00 is GREAT.

[FlatLandBeer]

Ok let me see Econ 101.....

If you put a support price on a commodity you will get an excess of it. If you put a price cap on a commodity you get less of it.

So if you want long lines, rationing, no Sunday sales, shortages, etc. Yea put a price cap on it.

If you want shorter lines, reduced demand, conservation, and innovation. Let the market rule.

Higher gas prices mean lower emissions by SUVs and more people buying hybrid cars.

Higher prices means other sources of alternative energy become more price effective.

But then again images of long lines make people dissatisfied with the current leadership (GOP) so yea a Dem would want to see price caps.

[Conspiracy Guy]

Ponce De Leon would come to America today in search of the Fountain of Dumb. It is obviously located here.

[John Jorsett]

A better title would be the "Gasoline Black Market Act."

[RayChuang88]

Psst--the reason why we had gas shortages during the 1970's was the fact price controls actually caused shortages because distributors won't ship gasoline a controlled prices. Note that by allowing the price of gasoline to fluctuate naturally from the aftermath of Katrina the gas lines didn't last that long....

[ZOOKER]

Oil company dispatcher at desk:

"Lemme see, I can send my tanker trucks to Rochester, where prices are fixed and I lose money on every sale, or I can send them ANYWHERE ELSE IN THE COUNTRY where markets are free and I can make a profit."

"This is too hard a choice for me, I'm going back to apply for that rocket scientist job..."

[metmom]

Why doesn't she push our lawmakers to reduce or cut all the TAXAS on gasoline. NY is one of the most heavily taxed states and they wonder why people and businesses are leaving it. Well, DUH not everybody has a cush gov't job and sucks off the rest of the populace. People who like telling otheres what to do don't realize that everyone else doesn't like to be told what to do.

[crescentbeach]

Doesn't Rochester have enough problems these days without this foolishness from Slaughter?

Isn't it time that lawmakers were expected to have some grounding in basic economics?

[FlipWilson]

Why are we all decrying this. I say price caps YES!!!! (in blue states that is). Seriously, if your enemies are making a mistake, lets all rejoice. When New Yorkers are waiting in gas lines, let them rejoice in their votes for a liberal legislature. Let them swim in the swamp they create.

[Sofa King]

It's the "magic white hole" theory of economics, where all goods and services come from a magical, never-ending well where evil corporations take them all and make us buy them for completely arbitrary prices.

[The Great RJ]

Guaranteed to cause shortages and gas lines. Members of Congress should be forced to take classes in market economics and pass a tough written exam in order to serve. Rep. Slaughter would obviously fail that exam.

[SAJ]

Forget that. All politicians should be required to pass Econ 101.

[metmom]

Hey, there are a lot of red areas in NY:) If you look at the maps, it's the cities, particularly NYC, that carry the state. I think the best thing that could happen is if NYC were made it's own state or be pushed out to sea and have the plug pulled.

[briankk]

No, with Jimmuh, its an 80% chance you'll be able to keep 20% of what you earn..

[FlipWilson]

There are enough red areas in NY whereby if a stupid thing like this were to come to fruition and it backfired, the blue areas just might revolt long enough to put Hillary on her arse.

[ThanhPhero]

If her plan gathers enough support we'll be trying to shovel charcoal into our tanks.

[Eric in the Ozarks]

Doooh !