Governor Declares State Of Emergency In Kentucky

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.

The price "ought" to be what the market will bear. You're on a slippery slope toward central planning the minute you tell a businessperson what they "should" charge for their product. Price freeze is simply a bad idea, every time. Always will create a shortage.

21 posted on 09/12/2008 1:59:07 PM PDT by LikeLight (http://www.believersguidetolegalissues.com)

We can freeze the price and not hurt too many people.

I am not sure I agree with this. I would not like to be in TX right now with an empty tank and willing to pay anything to get gas and "save my life", only to be told that there is no gas because KY has artificially lowered the price of gasoline.

22 posted on 09/12/2008 1:59:08 PM PDT by mlocher (america is a sovereign state)

To: ConservativeMind

Government is there to keep powerful interests from being tyrannical.

24 posted on 09/12/2008 2:00:03 PM PDT by unspun (Mike Huckabee: Government's job is "protect us, not have to provide for us.")

It’s gone up 30 cent a gallon in the past 2 days here in Georgia...over $4 again.

25 posted on 09/12/2008 2:00:35 PM PDT by Amelia

I would not like to be in TX right now with an empty tank and willing to pay anything to get gas and "save my life", only to be told that there is no gas because KY has artificially lowered the price of gasoline.

Thank God you get it! Hold the fort! Going out for a couple hours!

26 posted on 09/12/2008 2:01:41 PM PDT by LikeLight (http://www.believersguidetolegalissues.com)

How does that relate to anything in this thread?

27 posted on 09/12/2008 2:01:46 PM PDT by ConservativeMind (What's "Price Gouging"? Should government force us to sell to the 15th highest bidder on eBay?)

How long has it been since a new refinery was built in the United States?

I’d say that a shortage of gas due to Hurricane Ike is now pounding nails into our coffins thanks to nutcase environmentalists like Al Gore and “Greens” in Congress.

28 posted on 09/12/2008 2:03:06 PM PDT by OldNavyVet

...covering the backside of his pal, John Yarmuth. It’s just a political stunt from a particularly dirty pol......
ethics & reforms; from a Kentucky 'RAT....forget it....
enough to drive (if you have the gas) ya to drink.

29 posted on 09/12/2008 2:03:48 PM PDT by skinkinthegrass (If you aren't "advancing" your arguments,your losing "the battle of Ideas"...libs,hates the facts 8^)

I’ve got news: there is no such thing as price-gouging. Raising price always lowers demand, and sellers know it. When supply goes down, demand has to go down, otherwise the market doesn’t clear appropriately. What idiot lawmakers don’t uderstand is that high prices are there to help people. Without price as a rationing function, some people would fill up gallon jugs of gas to store in their garages, while others would go gas-hungry.

30 posted on 09/12/2008 2:04:56 PM PDT by Tublecane

To: ConservativeMind

How does that relate to anything in this thread?

Price gouging profiteering in vital commodities (and the inherent trust that brings it, even if unstated) is tyrannical.

Whether it's gasoline or utilities or milk, or whatever the vital commodity may be, the government is just to step in, when actual oppression exists. Same with excessive profiteering in health care, BTW, in case you'd like to smoke that in your pipe. ;-`

Adam Smith just phoned me from heaven and he says he agrees. ;-`

31 posted on 09/12/2008 2:06:22 PM PDT by unspun (Mike Huckabee: Government's job is "protect us, not have to provide for us.")

Your post made no sense. Care to try again?

32 posted on 09/12/2008 2:06:50 PM PDT by MHGinTN (Believing they cannot be deceived, they cannot be convinced when they are deceived.)

33 posted on 09/12/2008 2:06:59 PM PDT by Old Sarge (Went to sleep with Palin - woke up next to McCain...)

To: Old Sarge; All

Gas jumped 6-cents a gallon overnight, up here in southern Wisconsin.

Find the cheapest gas in your area:

http://www.gasbuddy.com

34 posted on 09/12/2008 2:07:13 PM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)

To: Tublecane; Old Sarge

When supply goes down, demand has to go down, otherwise the market doesn’t clear appropriately.

Wrong.

If you need to get down the road, to get to work, you pay anyway.

If you have a heart attack, you go to the hospital, anyway.

35 posted on 09/12/2008 2:08:03 PM PDT by unspun (Mike Huckabee: Government's job is "protect us, not have to provide for us.")

Tell the Greenie-Weenies to just produce more ethanol to fix the gasoline shortage! LOL.

36 posted on 09/12/2008 2:08:38 PM PDT by 2harddrive (...House a TOTAL Loss.....)

To: Forgiven_Sinner

I read Dr. Sowell's "Basic Economics" about 4 months ago and was stunned by how well he instructs in such a simple -easy to understand- manner for neophytes like myself.

"Basic Economics" should be required reading for all U.S. Legislators (maybe the Constitution should be too).

37 posted on 09/12/2008 2:08:44 PM PDT by Toadman ((molon labe))

Not to worry. If you haven’t evacuated yet, you ain’t gonna.

We already have laws in Texas that prevent overcharging during an emergency.

There will be shortages. Mn=any of these plant are closed or will be out of commission shortly.

Many of these could be affected by Hurricane Ike.

Texas

Baytown Refinery (ExxonMobil), Baytown 557,000 bbl/d (88,600 m³/d)
Big Spring Refinery (Alon USA), Big Spring 61,000 bbl/d (9,700 m³/d)
Beaumont Refinery (ExxonMobil), Beaumont 348,500 bbl/d (55,410 m³/d)
Borger Refinery (ConocoPhillips/EnCana), Borger 146,000 bbl/d (23,200 m³/d)
Corpus Christi Complex (Flint Hills Resources), Corpus Christi 288,000 bbl/d (45,800 m³/d)
Corpus Christi Refinery (Citgo), Corpus Christi 156,000 bbl/d (24,800 m³/d)
Corpus Christi West Refinery (Valero), Corpus Christi 142,000 bbl/d (22,600 m³/d)
Corpus Christi East Refinery (Valero), Corpus Christi 115,000 bbl/d (18,300 m³/d)
Deer Park Refinery (Shell Oil Company), Deer Park 333,700 bbl/d (53,050 m³/d)
El Paso Refinery (Western Refining), El Paso 120,000 bbl/d (19,000 m³/d)
Houston Refinery (Lyondell), Houston 270,200 bbl/d (42,960 m³/d)
Houston Refinery (Valero), Houston 83,000 bbl/d (13,200 m³/d)
McKee Refinery (Valero), Sunray 158,300 bbl/d (25,170 m³/d)
Pasadena Refinery (Petrobras), Pasadena 100,000 bbl/d (16,000 m³/d)
Port Arthur Refinery (Total), Port Arthur 233,500 bbl/d (37,120 m³/d)
Port Arthur Refinery (Motiva Enterprises), Port Arthur 285,000 bbl/d (45,300 m³/d)
Port Arthur Refinery (Valero), Port Arthur 325,000 bbl/d (51,700 m³/d)
Penreco (Calumet), Houston
San Antonio Refinery (Age Refining), San Antonio 10,300 bbl/d (1,640 m³/d)
Sweeny Refinery (ConocoPhillips), Sweeny 229,000 bbl/d (36,400 m³/d)
Texas City Refinery (BP), Texas City 437,000 bbl/d (69,500 m³/d)
Texas City Refinery (Marathon Petroleum Company), Texas City 72,000 bbl/d (11,400 m³/d)
Texas City Refinery (Valero), Texas City 210,000 bbl/d (33,000 m³/d)
Three Rivers Refinery (Valero), Three Rivers 90,000 bbl/d (14,000 m³/d)
Tyler Refinery (Delek Refining Ltd.), Tyler 55,000 bbl/d (8,700 m³/d)

38 posted on 09/12/2008 2:08:52 PM PDT by wolfcreek (I see miles and miles of Texas....let's keep it that way.)

To: Tublecane; Old Sarge

When supply goes down, demand has to go down, otherwise the market doesn’t clear appropriately.

Wrong.

(I'm talking about actual demand, not demand affected by supply.)

39 posted on 09/12/2008 2:09:14 PM PDT by unspun (Mike Huckabee: Government's job is "protect us, not have to provide for us.")

40 posted on 09/12/2008 2:10:10 PM PDT by wolfcreek (I see miles and miles of Texas....let's keep it that way.)

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