Posted on 09/12/2008 1:41:12 PM PDT by Old Sarge
LOUISVILLE, Ky. (AP) -- Kentucky's governor has signed an order declaring a state of emergency and invoking the state's anti-price gouging law as Hurricane Ike bears down on the Texas coast.
Gov. Steve Beshear signed the order on Friday, saying gas stations started raising fuel prices overnight before the storm made landfall.
Beshear signed the order at the request of Attorney General Jack Conway, who said in a letter released Friday that invoking the law now will help prevent predatory pricing.
(Excerpt) Read more at whas11.com ...
Searched and did not find this.
Whoever has the KY Ping List, please activate it!
***Reports are coming in from all over the state - prices have spiked as much as $1.00 a gallon in a matter of hours. ***
I’m sure glad I filled up my trucks and cars last week for $3.49 a gallon. It is right now $3.79 and going up.
Today, the only station I saw gas at $3.59 had cars backed way up waiting for gas.
I just wish I had filled up my tractor and gas cans also.
Supply and demand cannot be changed by government edict.
Every price control leads to shortages—through thousands of years of history. See Thomas Sowell’s book “Basic Economics”.
My prayers are with the people of Kentucky.
ECON 101: Cap the prices, hello GAS SHORTAGE.
Will the politicians never learn?
Gotta let the prices ride, if we want to maintain a supply for those who need it and are willing to pay. ECON 101.
A “State of Emergency” over inflated gas prices, prior to a hurricane in Texas? That’s odd.
It’s also odd that the governor is jumping at “anti-gouging” laws. What is gas to be worth when it is in limited supply? Let the market find its price.
If we were selling something on eBay, should we be forced to give it to the 15th highest bidder?
Refineries shut down. Gas stations have to bring in enough in sales to buy a new tankload at higher cost when the storm passes.
I’d probably just close off gas sales until the tanker price comes back to about normal.
Beshear may have a lot of empty highways over the next week.
Exactly!
Gas was $4.70 here in Wilson, NC this morning.
Yesterday, I paid $3.57.
Based on the price per barrel of oil, gas ought to be around $2.75 per gallon.
We can freeze the price and not hurt too many people. We’re gonna have more than a few refineries under water by tonight.
He’s trying to derail Northup’s bid for Congress, covering the backside of his pal, John Yarmuth. It’s just a political stunt from a particularly dirty pol.
I paid $3.77 for premium a few days ago & now it’s back up to $4.09 today in Ashland, Ky.
Arkansas has now declared a state of emergency. Reports of $5.00/gal
http://www.todaysthv.com/news/local/story.aspx?storyid=72466&catid=2
That makes as much sense as anything - "nasty evil Bush's fault".
Your tagline is spot-on!
By my estimates that should be correct. At 147.00 a barrell I was paying 4.10 gal. I am now paying 3.59 a gal and the price is at almost 100.00 per barrell!!
I guess they think we can't add or subtract either!! BASTARDS!!
Now *there’s* something for McCain-Palin to address (not that it shouldn’t necessarily be a state issue).
Very good.
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