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Governor Declares State Of Emergency In Kentucky
WHAS-11 ^
| 12 SEP 2008
Posted on 09/12/2008 1:41:12 PM PDT by Old Sarge
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To: Old Sarge
What are sellers supposed to do? If it was me I’d cease sales till my wholesale price came down.
141
posted on
09/12/2008 6:00:30 PM PDT
by
Figment
("A communist is someone who reads Marx.An anti-communist is someone who understands Marx" R Reagan)
To: silentknight
I really don't know, so I will just ask. I had the impression most of KY’s gas comes from LA, KY, and TN. All of which have refineries. Why is it so high there being TX is the one that has so many shutdowns? The other question I have is, being that the price per gallon of gas has not yet dropped to meet the lowering prices of oil, is there any need to increase at all?
I have a sister who worked at a convenience store chain. They had no say, the would get the call and be told that their supplier put the price up, and they should go out and change the sign to read a higher price per gallon. When oil was on an upswing this happened two or three times a day. But now that it is going down, it happens only once a week or so.
142
posted on
09/12/2008 6:00:40 PM PDT
by
gidget7
(Duncan Hunter-Valley Forge Republican!)
To: WakeUpAndVote
Yes, and American companies should be ALLLOWED TO DRILL AND REFINE!!!
143
posted on
09/12/2008 6:02:02 PM PDT
by
gidget7
(Duncan Hunter-Valley Forge Republican!)
To: topher
They can't, CA and probably NY as well, have much stiffer emission standards, and that makes it difficult to service other states when there are so many different refining standards in play.
144
posted on
09/12/2008 6:04:48 PM PDT
by
gidget7
(Duncan Hunter-Valley Forge Republican!)
To: alicewonders
Heck Alice you guys are sitting on one of the largest natural gas tables in the country, and there it sits in the ground thanks to the eco terrorists!
145
posted on
09/12/2008 6:06:21 PM PDT
by
gidget7
(Duncan Hunter-Valley Forge Republican!)
To: Old Sarge
” invoking the state's anti-price gouging law as Hurricane Ike bears down on the Texas coast. “
So how then will the scarce supplies be allocated? Price is usually the best way to do it.
They are running out of gasoline, and usage needs to drop for awhile.
146
posted on
09/12/2008 6:08:37 PM PDT
by
HereInTheHeartland
(Help fight the left's anointed candidate, contribute and work for McCain/Palin..)
To: Hot Tabasco
BUILD REFINERIES NOW AND WHILE YOU'RE AT IT, DRILL HERE AND DRILL NOW!
EXCELLENT suggestion, now if only the ignorant Dems would do it. and while they are at it, BUILD FOR BOTH GAS AND OIL! GET ALL THE GOV”S TOGEHTER AND MAKE THEM AGREE ON ONE EMISSIONS GRADE NATION WIDE TO REDUCE THE COST OF REFINING!
147
posted on
09/12/2008 6:10:10 PM PDT
by
gidget7
(Duncan Hunter-Valley Forge Republican!)
To: Old Sarge
If prices are jumping that much now, the Governor is spot on, and BOLD! The gas they're selling now has NOT been affected in price by any storm, terrorist action, or anything. The raising of prices to that level is nothing more than predatory price gouging, it's absolutely despicable. Good for him for having the hutzbah as Governor to protect the economic interests of The People. I salute his integrity and his will.
To: unspun
unspun - just another Hugo Chavez socialist
149
posted on
09/12/2008 6:42:18 PM PDT
by
JohnnyZ
(This gun for hire)
To: gidget7
That is the policy at the local Swifty gas station where I waited in line tonight to buy gas at $3.51 versus the $3.89 elsewhere in SE Indiana.
150
posted on
09/12/2008 6:43:15 PM PDT
by
hoosierham
(Waddaya mean Freedom isn't free ?;will you take a creditcard?)
To: Old Sarge
I live in southern Indiana - just 7 miles from downtown Louisville—across the Ohio River. I live near 3 gas stations (right off I-64) - one of them is now at $4.19, another at $3.99, and the other is CLOSED—all the lights are off...which is very, very unusual.
To: thatdewd
The usual theory of free market capitalism favors "seller can charge whatever buyers are willing to pay"over the "cost plus a fixed percentage for profit".
The problem often ignored is who sets what percentage as proper profit.
152
posted on
09/12/2008 6:48:29 PM PDT
by
hoosierham
(Waddaya mean Freedom isn't free ?;will you take a creditcard?)
To: hoosierham
The problem often ignored is who sets what percentage as proper profit. Amen. In cases like this, when a national security issue such as energy is involved, I think the executive branch of government has a responsibility to protect The People from predatory extortion. That gasoline that they're selling now has NOT been affected by any supply and demand issues. They're using a storm as an excuse to extort money from The People for personal economic gain. Shame on them.
To: Old Sarge
Reports are coming in from all over the state - prices have
spiked as much as $1.00 a gallon in a matter of hours.
As much as it is immoral or illegal to have this sort of price-gouging...
if I were the governor of Kentucky...
I'd issue a statement to the citizens of the fair state of Kentucky
that now they are going to experience the economic H-LL that
they'd have EVERY SINGLE FREAKING DAY...
if they vote like the SUICIDAL MORONS of CALIFORNIA.
And let them suffer for a day or two before issuing the indictments
for these peckerwoods.
If the folks in Kentucky have to suffer a bit...
they might as well learn an unpleasant lesson in Democratic economics.
And see the ugly truth of lieberal economic policies.
And that the push for vehicles that can run on more than one
fuel source (Flex-Fuel) isn't such a bad idea.
Even if Billionaire T. Boone Pickens is pushing the idea right now.
154
posted on
09/12/2008 7:09:29 PM PDT
by
VOA
To: gidget7
The station in KY closest to my mother refuses to raise his prices until he gets a shipment that costs a higher price. He sells it for a fair price based on the delivery that he is selling. In other words, until the tanks in the ground are empty, and he has to refill them the price is unchanged. And that is as it should be. Whether the price goes up or down, only depends on what he pays for the delivery. Those such as them are the ones I try to give the majority of my trade to. A local store owner last night was saying he was going up a dollar before opening the store the next morning. He was having his clerks tell the customers. His price went up because he got a delivery that last night. He could have just closed his pumps that afternoon and waited till this morning to begin selling again a dollar higher which I suspect is what a lot of stations pulled. Too many stations in Knoxville simply ran out too fast. I could believe it if it was say 50 miles out of town but not across the street from the blasted terminals.
What is even more strange is in our area the stations closest in to the regional tank farm are running out first. The shortages hit East Tennessee yesterday and Kentucky today. A lot of southeast Kentucky's gas is trucked in from Knoxville.
155
posted on
09/12/2008 7:17:15 PM PDT
by
cva66snipe
($.01 The current difference between the DEM's and GOP as well as their combined worth to this nation)
To: ConservativeMind
Yes, we should sell that glass of water to the dying, dehydrated man for whatever it’s worth.
Nothing wrong with that... nothing at all.
Why *should* we be forced to sell it at a price lower than what he’d pay.
156
posted on
09/12/2008 7:38:55 PM PDT
by
gogogodzilla
(Live free or die!)
To: cva66snipe
I’m getting to this thread a bit late. My wife and I were wondering just how widespread the price increases are. In Memphis, the highest Iv’s seen is $3.99 pg. I’ve seen the reports on this thread about the prices in the southern USA. Is Ike going to affect the prices in the northeast, northwest, or western USA? Just curious.
BTW, prayers are with those of you who are in harms way. I wish all of you a lot of luck getting through this disaster. Good luck and God speed.
157
posted on
09/12/2008 7:41:46 PM PDT
by
NCC-1701
(DRILL NOW. DRILL OFTEN. DRILL 24/7/365. PAY LESS. SUCK THE GROUND DRY.)
To: unixfox
Oil doesn’t spontaneously change into gasoline, ya know.
If we don’t have the refining capacity to make the gasoline you buy, then the price goes up, up, up... until the demand matches the supply.
D@mn shame that most of America’s refining capacity is concentrated in ‘Hurricane Alley’.
(Thanks, Congress, for restricting the construction of any new refineries)
158
posted on
09/12/2008 7:43:04 PM PDT
by
gogogodzilla
(Live free or die!)
To: LikeLight
The price "ought" to be what the market will bear. Adam Smith said something similar... but he didn't call it a free market.
The price of monopoly is upon every occasion the highest which can be got. -The Wealth of Nations, Book I, Chapter VII-
Although, he did mention what a free market price was supposed to be, but it is not what you think.
The natural price, or the price of free competition ... is the lowest which can be taken, not upon every occasion indeed, but for any considerable time together...[It] is the lowest which the sellers can commonly afford to take, and at the same time continue their business. -The Wealth of Nations, Book I, Chapter VII-
159
posted on
09/12/2008 7:50:23 PM PDT
by
gogogodzilla
(Live free or die!)
To: gidget7
I was just joking about that.
The problem is that there are only a few places in the country that have clusters of refineries -- New Jersey area, Gulf Coast and California. At least I am not aware of any other major clusters of refineries.
Certainly, nothing compares with the Gulf Coast refineries of Texas, Louisiana, and Mississippi -- for capacity.
That is why the SPR (Strategic Petroleum Reserve is there, and it is meant to be tapped by refineries in the Gulf Coast in time of need.
But in this case, it is not a shortage of oil, but refinery capacity...
There are smaller refineries throughout the country...
160
posted on
09/12/2008 7:59:38 PM PDT
by
topher
(Let us return to old-fashioned morality - morality that has stood the test of time...)
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