- 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
re: First Buc-ee's outside Texas getting sued for low gas prices
Posted on 2/5/19 at 11:00 am to TejasHorn
Posted on 2/5/19 at 11:00 am to TejasHorn
You geniuses don't understand how this can sometimes work. A new gas station with a lot of capital will come in and sell below cost until they drive the competition out of business. Then when they are the only one left they raise the price to exorbitant levels.
This has happened and this is why there are laws against it.
This has happened and this is why there are laws against it.
6
Posted on 2/5/19 at 11:00 am to 9Fiddy
quote:
As long as Buc-ee's isn't selling below cost which I do think is illegal, then I fail to see the issue.
Why would that be illegal?
If a business wants to take that risk, I don't understand the logic for making it illegal. Certainly not "predatory" as they claim.
Businesses routinely give away free stuff or sell stuff below cost to generate foot traffic. Why is it different for fuel? Serious question.
Posted on 2/5/19 at 11:01 am to Captain Ron
You know Baton Rouge would turn that place ghetto in 3 months or less. It will have year round Christmas lights and sell weaves.
Posted on 2/5/19 at 11:04 am to chryso
quote:
You geniuses don't understand how this can sometimes work. A new gas station with a lot of capital will come in and sell below cost until they drive the competition out of business. Then when they are the only one left they raise the price to exorbitant levels.
This has happened and this is why there are laws against it.
Ah interesting.
I'll have to think about this more, but I feel like the laws should be around monopolies price gouging in a market moreso than two competitors undercutting each other.
Posted on 2/5/19 at 11:04 am to Buck Magnum
quote:
You know Baton Rouge would turn that place ghetto in 3 months or less. It will have year round Christmas lights and sell weaves.
I get it...let's shite on BR whenever we can, but you act like BR doesn't have similar "premium" retailers in their respective sectors like Costco, Whole Foods, etc.
Posted on 2/5/19 at 11:05 am to 9Fiddy
quote:
As long as Buc-ee's isn't selling below cost which I do think is illegal, then I fail to see the issue.
That would be the key to the complaint based on this:
Find a Lawyer Ask a Lawyer Research the Law Law Schools Laws & Regs Newsletters Legal Marketing
Justia US Law US Codes and Statutes Code of Alabama 2013 Code of Alabama Title 8 - COMMERCIAL LAW AND CONSUMER PROTECTION. Chapter 22 - MOTOR FUEL MARKETING. Section 8-22-6 - Certain below cost fuel sales prohibited.
View the 2017 Code of Alabama | View Previous Versions of the Code of Alabama
2013 Code of Alabama
Title 8 - COMMERCIAL LAW AND CONSUMER PROTECTION.
Chapter 22 - MOTOR FUEL MARKETING.
Section 8-22-6 - Certain below cost fuel sales prohibited.
Universal Citation: AL Code § 8-22-6 (2013)
Section 8-22-6
Certain below cost fuel sales prohibited.
It shall be unlawful for any person engaged in commerce in this state to sell or offer to sell motor fuel below cost or to sell or offer to sell it at a price lower than the seller charges other persons on the same day and on the same level of distribution, within the same market area, where the effect is to injure competition.
Posted on 2/5/19 at 11:05 am to Old Sarge
quote:
I had to stop filling up at Buckees, I stop there for everything else, but the gas is crappy. I average 1 to 2 miles less per gallon even when using their premium. And if I fill up six or seven consecutive tanks there my truck will idle rough
Yeah growing up my dad would always tell us never put in the wholesale stuff. Exxon/Chevron/Texaco/etc direct only.
I HAD to put in Racetrac once as it was late, and was about to get on the hwy. Just put in $5 worth to get me home, and to the Exxon on the way to work the next morning. The next morning my gas tank showed empty, but wasnt like that the night before when I got home. Went to the exxon, and filled up. Still showed nothing.
Went and got it checked out later that day, and the fuel pump went bed. Not 100% it was the racetrac gas, but i'll be damned if I ever use it again.
Obviously didnt tell my dad cause I know i'd get the "told you so" look. Ha.
Posted on 2/5/19 at 11:06 am to Golfer
I will be happy to cross out Baon Rouge and insert Shreveport. Or Alexandria, or Monroe.
Posted on 2/5/19 at 11:06 am to Buck Magnum
quote:
You know Baton Rouge would turn that place ghetto in 3 months or less. It will have year round Christmas lights and sell weaves.
Not if they put one out by CCL or something like that.
Posted on 2/5/19 at 11:08 am to TheCaterpillar
Yes that might work.
Posted on 2/5/19 at 11:08 am to TheCaterpillar
quote:
Ah interesting.
I'll have to think about this more, but I feel like the laws should be around monopolies price gouging in a market moreso than two competitors undercutting each other.
Did you read my post at the top of page 2? I explain the public policy for these laws. There is a valid question as to why they don't pertain to all goods but fuel being so closely related to commerce, in general, may be the answer.
Posted on 2/5/19 at 11:10 am to TheCaterpillar
quote:
Ah interesting.
I'll have to think about this more, but I feel like the laws should be around monopolies price gouging in a market moreso than two competitors undercutting each other.
This topic is covered in every basic econ class when discussing collusion and monopolies and all. It's a reasonably valid exception to "collusion" and shame on you for sleeping through that lecture.
This post was edited on 2/5/19 at 11:11 am
Posted on 2/5/19 at 11:11 am to TOSOV
quote:don't be so ignorant. There are many places in Al with gas under $2.
Yall in bama need to look into why the price cant hit below this mark. Seems shady. it's been in the 1.90s for a bit in the dfw area.
Posted on 2/5/19 at 11:12 am to deathvalleyfreak43
quote:
Uhhhh oh somebodies upset they can’t rip people off anymore
Saban’s money has to come from somewhere, never mind all those player perks.
Posted on 2/5/19 at 11:29 am to TejasHorn
I was vp at an oil refinery for 5 years - we constantly had to worry about charging too little for gasoline. Bama has the worst fuel price fixing laws in the nation.
I'm glad to see Buc-ee's challenge that law. We were too little a player to make any waves.
I'm glad to see Buc-ee's challenge that law. We were too little a player to make any waves.
Posted on 2/5/19 at 11:36 am to TheCaterpillar
quote:
This is free market. I don't get why this could be illegal in any way
What should be illegal is how much Buc-ee's charges for beef jerky and T-shirts. With a family of four, you can't get out of that place without dropping a $100.
FWIW: Their sliced brisket sandwich is the best BBQ sandwich I have ever had. No lie. I'd pay more for gas just to have the excuse to pull in and get one.
This post was edited on 2/5/19 at 11:39 am
Posted on 2/5/19 at 11:38 am to keks tadpole
Why are you buying t-shirts tat Buc-ees?
Posted on 2/5/19 at 11:39 am to TejasHorn
We used to deal with this during the early days of video poker truck stops. Total pain in the arse.
Posted on 2/5/19 at 11:39 am to chryso
quote:
You geniuses don't understand how this can sometimes work. A new gas station with a lot of capital will come in and sell below cost until they drive the competition out of business. Then when they are the only one left they raise the price to exorbitant levels.
And then, when prices have moved to such high levels, the market will attract new entrants, who will likely buy the old assets/station, open quickly, and drive the prices back down.
Economics 101.
quote:
this is why there are laws against it.
Nah, there are laws against this because AL, like most other states, likely has a very active group of independent fuel station owners, who donate a lot of money to Alabama legislators.
It's a protection racket.
Posted on 2/5/19 at 11:39 am to blueridgeTiger
quote:
I was vp at an oil refinery
quote:
We were too little a player to make any waves.
Jesus. How many bbl/day did you process at that refinery? 5?
This post was edited on 2/5/19 at 11:40 am
Page 3 of 6
Back to top
Follow TigerDroppings for LSU Football News