- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Gas shortages and price gouging
Posted on 9/18/16 at 7:28 pm
Posted on 9/18/16 at 7:28 pm
Some of you have empty pumps all over the place right now.
If a gas station in your town worked out a deal to truck in fuel from Montana, but needed to charge $7 / gallon to cover the cost, would that be price gouging? Assume the station keeps its profit margin roughly the same as always.
If a gas station in your town worked out a deal to truck in fuel from Montana, but needed to charge $7 / gallon to cover the cost, would that be price gouging? Assume the station keeps its profit margin roughly the same as always.
17
Posted on 9/18/16 at 7:32 pm to PatDyesPants
I don't think you grasp the concept.
Posted on 9/18/16 at 7:33 pm to BigPerm30
quote:
I don't think you grasp the concept.
Please enlighten me.
Posted on 9/18/16 at 7:34 pm to PatDyesPants
Gouging would be taking advantage of a situation. So instead of keeping the same margin you would make multiple dollars a gallon instead of cents.
Posted on 9/18/16 at 7:37 pm to fisherbm1112
quote:
Gouging would be taking advantage of a situation. So instead of keeping the same margin you would make multiple dollars a gallon instead of cents.
Thanks.
So I assume that if said hypothetical gas station posted gas for sale for $7 / gallon the public wouldn't accuse the station of price gouging?
Would this scenario even be legal under existing price gouging laws?
Posted on 9/18/16 at 7:40 pm to PatDyesPants
quote:
public
Are generally idiots, as seen from your op. So yes, they would accuse them of price gouging.
And yes, it would be legal if that's included in the price they paid. Because the laws on gas prices tie the prices to what the entity paid for the fuel when purchasing it from the wholesalers.
This post was edited on 9/18/16 at 7:42 pm
Posted on 9/18/16 at 7:44 pm to VaBamaMan
For the record I am against all 'price gouging' laws. 
Posted on 9/18/16 at 7:45 pm to PatDyesPants
Most of the time what people call price gouging is not gouging, but the balance of supply and demand.
Posted on 9/18/16 at 7:46 pm to PatDyesPants
Can we get some pictures of these high gas prices? i have been hearing about it but have yet to see. Nothing has changed here in jax .
Posted on 9/18/16 at 7:51 pm to PatDyesPants
Doesn't Louisiana have a state law that gasoline has to be marked-up a certain minimum percentage to keep companies from undercutting each other? I know they tried to recend it in 2005, but not sure if it passed or not.
Posted on 9/18/16 at 7:55 pm to FLObserver
The U.S. has fuel reserves EVERYWHERE... There is ZERO shortage........
Posted on 9/18/16 at 7:56 pm to PatDyesPants
1. 88$ here.
Posted on 9/18/16 at 7:58 pm to PatDyesPants
Posted on 9/18/16 at 8:01 pm to dukke v
quote:
The U.S. has fuel reserves EVERYWHERE... There is ZERO shortage........
Great. Here comes a fuel crisis
Posted on 9/18/16 at 8:01 pm to PatDyesPants
Public would definitely accuse of gouging. However, they wouldn't know the facts of the situation of the gas station's costs were increased to get the gas there
Posted on 9/18/16 at 8:31 pm to dukke v
quote:
S. has fuel reserves EVERYWHERE... There is ZERO shortage........
Canton Ga had bags over most pumps at the QT I went to. There is fuel stowed away but to say getting it into your tank is not a problem is false. Prices have gone up a dollar in the past few days.
This post was edited on 9/18/16 at 8:32 pm
Posted on 9/18/16 at 8:36 pm to flyAU
Few stations in Atlanta only had 87 available this weekend. Prices were also at $2.64, I paid under $2.00 last week.
Posted on 9/18/16 at 8:44 pm to Shunface
Peej is correct. There is NOT a fuel shortage caused by the leak.
What IS causing fuel to run out is the mass panic caused by the media over the last 72 hours. The gas stations actually are thankful for this. They may "run out" for a few hours... But there is NO fuel shortage due to the leak.
What IS causing fuel to run out is the mass panic caused by the media over the last 72 hours. The gas stations actually are thankful for this. They may "run out" for a few hours... But there is NO fuel shortage due to the leak.
Posted on 9/18/16 at 8:46 pm to Shunface
I don't know if this is related to that g as pipeline rupture, but this evening about 6:30, the Exxon at W. Esplanade and Causeway in Metairie was out of 87 gas.
Posted on 9/18/16 at 8:47 pm to doublecutter
Again, media induced panic.
There is ZERO fuel shortage other than local pumps drained from panic that are refilled daily
There is ZERO fuel shortage other than local pumps drained from panic that are refilled daily
Page 1 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News