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To: Smokin' Joe

I get free enterprise perfectly. There is a difference between the market working and price gouging.


122 posted on 09/06/2005 5:24:37 AM PDT by rwfromkansas (http://www.xanga.com/home.aspx?user=rwfromkansas)
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To: rwfromkansas
You are right. I think oil should go to 100.00 a barrel, and let the price of everything else catch up, instead of the other way around. When I started in this industry, oil was 20.00 a bbl, and a Four wheel drive (antecedent to the SUV) Toyota Land Cruiser was about 4500. What went up more? How long ago?

If someone is charging $6.00 a gallon for gas, that is price gouging (depending, of course, on where you are--but in the CONUS, price gouging.)

But considering that few remember the industry in anything but the starving coyote look, it is no wonder that you think it fat when the ribs no longer show.

I remember 30 cent per gallon gasoline, but I made a whopping 16 bucks a day before taxes, too. Quarters were silver then, as well. A really nice new car could be had for a mere $2000.00.

Prices have gone up. Wages have gone up, housing has really gone up (where are the price gouging people there?).

Welcome to the world of long term inflation. Oil proces are just catching up.

123 posted on 09/06/2005 5:37:00 AM PDT by Smokin' Joe (If you are not part of the solution, you are part of the problem.)
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To: rwfromkansas; Grampa Dave; SierraWasp
There is a difference between the market working and price gouging.

Can you define price gouging?

129 posted on 09/06/2005 12:00:31 PM PDT by Ernest_at_the_Beach (History is soon Forgotten,)
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