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Gas Price Gougers - Where Old Threads and Topics Go To Die! - Archives - RNWforum.com
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 Posted: Fri Sep 12th, 2008 03:44 am
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djKRE8R
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Mana: 
Don't buy gas from the GOUGERS!!! Don't believe it has already started? I just got in line to buy gas for $3.57. Down the road it was already $3.99! This CITCO is located on Hwy 20 (Alabama Hwy) at Woods Road.

 

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 Posted: Fri Sep 12th, 2008 03:50 am
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coolhead64
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Mana: 
djKRE8R wrote: Don't buy gas from the GOUGERS!!! Don't believe it has already started? I just got in line to buy gas for $3.57. Down the road it was already $3.99! This CITCO is located on Hwy 20 (Alabama Hwy) at Woods Road.

 

THERE IS NO SUCH THING!!!!!
They are more then welcome to raise their prices to cover the next tanker of gas that is going to cost more because people are creating a gas shortage.  IF YOU DON'T WANT TO PAY IT, GO SOMEWHERE ELSE!

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 Posted: Fri Sep 12th, 2008 03:53 am
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KonpyuutaOtaku
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Mana: 
I want to shove my hand through my face right now. People are so gullible.
One small rumor and the whole town goes ballistic. I was in Wal-Mart a few hours ago when some teenager yelled out on her cellphone about $5 gallon gas prices.
I got home and I searched the internet for a good 45 minutes and found NOTHING about gas prices going that high.

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 Posted: Fri Sep 12th, 2008 03:53 am
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WyattEarp32
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I heard that by midnight tonight gas prices will reach 5.00 dollars a gallon. This comes from a guy who drives a tanker truck for a major supplier.

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 Posted: Fri Sep 12th, 2008 03:58 am
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GeorgiaGirl
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There is such a thing as gouging- the store purchaced that gas at a price and therefor should sell it at their normal price- not go up just because they want to make more money per gallon. I know the same thing has happened before and a lot of gas stations were charged a big fine for it.... if a store is price gouging their costumers then their costumers should on that day, and also in the future go to a not so money hungry-- greedy store. Buisness owners like that usually go under eventually, as they should! ITS JUST BAD BUISNESS...

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 Posted: Fri Sep 12th, 2008 03:59 am
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coolhead64
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WyattEarp32 wrote: I heard that by midnight tonight gas prices will reach 5.00 dollars a gallon. This comes from a guy who drives a tanker truck for a major supplier.
I heard from a scientist that the world was going to end Sept. 10th, oh wait, guess they didn't get that right either.  The only gas shortage is the one all the crazies are causing by lining up to get gas.

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 Posted: Fri Sep 12th, 2008 04:01 am
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coolhead64
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GeorgiaGirl wrote: There is such a thing as gouging- the store purchaced that gas at a price and therefor should sell it at their normal price- not go up just because they want to make more money per gallon. I know the same thing has happened before and a lot of gas stations were charged a big fine for it.... if a store is price gouging their costumers then their costumers should on that day, and also in the future go to a not so money hungry-- greedy store. Buisness owners like that usually go under eventually, as they should! ITS JUST BAD BUISNESS...
Even if there is such a thing(which their isn't) it is only applicable during a state of emergency declared by the governor.  People charging what they want to for their product is what we call a free market.  Did any of you take economics in school?????

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 Posted: Fri Sep 12th, 2008 04:18 am
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GeorgiaGirl
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coolhead64 wrote: GeorgiaGirl wrote: There is such a thing as gouging- the store purchaced that gas at a price and therefor should sell it at their normal price- not go up just because they want to make more money per gallon. I know the same thing has happened before and a lot of gas stations were charged a big fine for it.... if a store is price gouging their costumers then their costumers should on that day, and also in the future go to a not so money hungry-- greedy store. Buisness owners like that usually go under eventually, as they should! ITS JUST BAD BUISNESS...
Even if there is such a thing(which their isn't) it is only applicable during a state of emergency declared by the governor.  People charging what they want to for their product is what we call a free market.  Did any of you take economics in school?????

Like I said its just plain bad buisness.... you think Walmart, Kroger-or  the pantry got their buisness by Price Gouging? Anyone shopping or buying fuel at a gas station who treats their costumers like that is a fool or ALMOST out of Gas... LMAO I wouldn't step back into a store that treat their costumers like that... I don't need Economics to figure out that I can go down the road and get it cheaper... Just a brain!

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 Posted: Fri Sep 12th, 2008 04:21 am
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GeorgiaGirl
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coolhead64 wrote: djKRE8R wrote: Don't buy gas from the GOUGERS!!! Don't believe it has already started? I just got in line to buy gas for $3.57. Down the road it was already $3.99! This CITCO is located on Hwy 20 (Alabama Hwy) at Woods Road.

 

THERE IS NO SUCH THING!!!!!
They are more then welcome to raise their prices to cover the next tanker of gas that is going to cost more because people are creating a gas shortage.  IF YOU DON'T WANT TO PAY IT, GO SOMEWHERE ELSE!


Price gouging is a pejorative term for a seller pricing much higher than is reasonable or "fair", in the opinion of buyers and/or indignant politicians[[url=http://en.wikipedia.org/wiki/Wikipedia:Please_clarify]clarify[/url]]. In precise, legal usage, it is the name of a felony that applies in some of the United States only during civil emergencies. In less precise usage, it can refer either to prices obtained by practices inconsistent with a competitive free market, or to windfall profits. Non-pejorative uses are generally in reaction to what the writer believes is an unjustified restraint on the market.[citation needed]

The economic theory of the last free market[[url=http://en.wikipedia.org/wiki/Wikipedia:Please_clarify]clarify[/url]] suggests that, even in unusual circumstances, price controls do more harm than good by preventing incentives for the supply of needed goods. For example, in a disaster situation, a very high price for equipment (e.g. tents) will prompt hugely increased supply of the relevant goods. Libertarians are among those who think firms should be allowed to charge what they want regardless of the circumstances.

As a criminal offense, Florida's law is reasonably typical. Price gouging may be charged when a supplier of essential goods or services sharply raises the prices asked in anticipation of or during a civil emergency, or when it cancels or dishonors contracts in order to take advantage of an increase in prices related to such an emergency. The model case is a retailer who increases the price of existing stocks of milk and bread when a hurricane is imminent. It is a defense to show that the price increase mostly reflects increased costs, such as running an emergency generator, or hazard pay for workers.

The term is similar to profiteering but can be distinguished by being short-term and localized, and by a restriction to essentials such as food, clothing, shelter, medicine and equipment needed to preserve life, limb and property. In jurisdictions where there is no such crime, the term may still be used to pressure firms to refrain from such behavior.

Some support the ability to raise prices under such circumstances, asserting that government prohibition of the practice is a violation of individual rights or that the ability to raise prices has beneficial effects or both. While some economists who defend the practice use the term "price gouging", others disparage it as merely pejorative.

The term is not in widespread use in economic theory but is sometimes used to refer to practices of a coercive monopoly which raises prices above the market rate that would otherwise prevail in a competitive environment. [1] Alternatively, it may refer to suppliers' benefiting to excess from a short-term change in the demand curve.

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 Posted: Fri Sep 12th, 2008 04:25 am
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WyattEarp32
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coolhead64 wrote: WyattEarp32 wrote: I heard that by midnight tonight gas prices will reach 5.00 dollars a gallon. This comes from a guy who drives a tanker truck for a major supplier.
I heard from a scientist that the world was going to end Sept. 10th, oh wait, guess they didn't get that right either.  The only gas shortage is the one all the crazies are causing by lining up to get gas.

DUDE! call it what ya want.....that doesn't change the situation of the prices... where be it price gouging, hysteria,or a hoax..... It still hurts my dang wallet.... They may be crazies but if it means streatching a tank of gas a little longer during the inflatied times. I sure would like to save the money per gallon....3.55 per gallon vs.5.00 per gallon.....hmmmm...

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 Posted: Fri Sep 12th, 2008 11:31 am
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The_WaTchR
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   Oh dang, Gas didn't go up to $5.11 a gallon at midnight like everyone said.  Could it just have been hysteria? A cruel hoax ?  Or just plain B.S.??

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 Posted: Fri Sep 12th, 2008 11:33 am
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averagejoe
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I know of one station that refused to raise their prices that high.  Their distributor called them and told them to go up .94.  The owner refused and only went up .15.  Of course they did limit me to only $20 though.

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 Posted: Fri Sep 12th, 2008 11:34 am
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coppa
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coolhead64 wrote: GeorgiaGirl wrote: There is such a thing as gouging- the store purchaced that gas at a price and therefor should sell it at their normal price- not go up just because they want to make more money per gallon. I know the same thing has happened before and a lot of gas stations were charged a big fine for it.... if a store is price gouging their costumers then their costumers should on that day, and also in the future go to a not so money hungry-- greedy store. Buisness owners like that usually go under eventually, as they should! ITS JUST BAD BUISNESS...
Even if there is such a thing(which their isn't) it is only applicable during a state of emergency declared by the governor.  People charging what they want to for their product is what we call a free market.  Did any of you take economics in school?????


The term price gouging refers to the phenomenon of sharply rising prices of items in (often temporary) high demand.

http://www.investordictionary.com/definition/price+gouging.aspx

 

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 Posted: Fri Sep 12th, 2008 11:35 am
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coppa
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GeorgiaGirl wrote: coolhead64 wrote: djKRE8R wrote: Don't buy gas from the GOUGERS!!! Don't believe it has already started? I just got in line to buy gas for $3.57. Down the road it was already $3.99! This CITCO is located on Hwy 20 (Alabama Hwy) at Woods Road.

 

THERE IS NO SUCH THING!!!!!
They are more then welcome to raise their prices to cover the next tanker of gas that is going to cost more because people are creating a gas shortage.  IF YOU DON'T WANT TO PAY IT, GO SOMEWHERE ELSE!


Price gouging is a pejorative term for a seller pricing much higher than is reasonable or "fair", in the opinion of buyers and/or indignant politicians[[url=http://en.wikipedia.org/wiki/Wikipedia:Please_clarify]clarify[/url]]. In precise, legal usage, it is the name of a felony that applies in some of the United States only during civil emergencies. In less precise usage, it can refer either to prices obtained by practices inconsistent with a competitive free market, or to windfall profits. Non-pejorative uses are generally in reaction to what the writer believes is an unjustified restraint on the market.[citation needed]

The economic theory of the last free market[[url=http://en.wikipedia.org/wiki/Wikipedia:Please_clarify]clarify[/url]] suggests that, even in unusual circumstances, price controls do more harm than good by preventing incentives for the supply of needed goods. For example, in a disaster situation, a very high price for equipment (e.g. tents) will prompt hugely increased supply of the relevant goods. Libertarians are among those who think firms should be allowed to charge what they want regardless of the circumstances.

As a criminal offense, Florida's law is reasonably typical. Price gouging may be charged when a supplier of essential goods or services sharply raises the prices asked in anticipation of or during a civil emergency, or when it cancels or dishonors contracts in order to take advantage of an increase in prices related to such an emergency. The model case is a retailer who increases the price of existing stocks of milk and bread when a hurricane is imminent. It is a defense to show that the price increase mostly reflects increased costs, such as running an emergency generator, or hazard pay for workers.

The term is similar to profiteering but can be distinguished by being short-term and localized, and by a restriction to essentials such as food, clothing, shelter, medicine and equipment needed to preserve life, limb and property. In jurisdictions where there is no such crime, the term may still be used to pressure firms to refrain from such behavior.

Some support the ability to raise prices under such circumstances, asserting that government prohibition of the practice is a violation of individual rights or that the ability to raise prices has beneficial effects or both. While some economists who defend the practice use the term "price gouging", others disparage it as merely pejorative.

The term is not in widespread use in economic theory but is sometimes used to refer to practices of a coercive monopoly which raises prices above the market rate that would otherwise prevail in a competitive environment. [1] Alternatively, it may refer to suppliers' benefiting to excess from a short-term change in the demand curve.

 

Ya...that's what I meant to say. :D

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 Posted: Fri Sep 12th, 2008 12:13 pm
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msbsreg
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Mana: 
When it comes to price gougers...."What goes around comes around"  they will get it in the end.

If a gas station raises it's prices more than once in a 24 hour period they can be reported to the State of Georgia and they can be subject to fines etc......

It is illegal to raises prices twice in a days time...REPORT THEM........

To report a problem with gasoline fuel – its quality or advertised price, call 404-656-3605.  This is the phone number to Tommy Irwins office.

Last edited on Fri Sep 12th, 2008 12:17 pm by msbsreg

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