gas

We are supposed to get another big delivery to the Charlotte area Wed. We will see if it does anything. I highly doubt it with all the people still topping of their tanks like crazy. A co-worker needed gas so I sold my 6 gallon supply to her for $28. Not even enough to cover the gas sold plus the gas burned to go back to Matthews and fill the cans back up. I have just about used 13 gallons (one tank for me) since I filled up the morning of the Friday people went crazy. Just to and from work, and to get gas that is it. Been quite boring but I think I am going to say screw it and go to URE this weekend.
 
Oil is $93/barrel, and gas at the stations I pass to and from work is $3.79-3.99 gallon. That doesn't compute.
 
$3.49-$3.57 in Mebane. As long as they keep this shortage bs going it wont get much lower.
 
All the gas stations around here yesterday had gas and there wasn't any lines.
 
i've been wondering, since gas was 2.80 a gallon, how the government could intercede and destroy the oil companies for robbing the american people.

banks may be to blame for the downfall in our economy right now, but when theres no room for extra money to be thrown away, gas companies digging $80+ fill up for my jeep once every week or week and a half only exploits my money spending decisions.

ps, filled up the zj at 3.79 today on new bern ave in raleigh...because that was cheap compared to north raleigh, where 3.89 is average/cheap
 
Why shouldn't the gas companies be able to charge whatever they want to for gas? Before I get flamed let me say that I am getting raped by these gas prices as well as everyone else, but...I do beleive in a free market economy and if you want to charge a certain price for something and you have someone to buy it then good for you. Yeah, I know this would lead to the rest of the places going up on price but it is a matter of supply and demand, and now demand is up and that leads prices ^^. Just my .02
 
MichaelT said:
Why shouldn't the gas companies be able to charge whatever they want to for gas? Before I get flamed let me say that I am getting raped by these gas prices as well as everyone else, but...I do beleive in a free market economy and if you want to charge a certain price for something and you have someone to buy it then good for you. Yeah, I know this would lead to the rest of the places going up on price but it is a matter of supply and demand, and now demand is up and that leads prices ^^. Just my .02
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So by your ideals, you would believe in price gouging. Supply and demand, right? I'm not saying that gas prices have gotten to the point of gouging, but there has to be a limit a supplier of an item can charge. Not counting the "shortage" Charlotte has seen, the prices in this city are one of the highest in the state if not the highest. I'm just jealous that my Winston/Raleigh/Greensboro friends are paying .50 less per gallon than I am.
 
I prefer the term profiteering, but yes, if the gas station down the road wants to charge $50 per gallon and can find someone to pay that then hats off to them. Don't get me wrong, I don't like these gas prices either but coming from a small business perspective (restaurant) if I want to charge $50 for a normally $8 meal, no matter what kind of famine we are facing, I should have the right to do so. If you don't like what I am doing don't buy it or go to the next guy.
 
And if every business owner that deals in commodities like fuel tried to raise the prices to your $50 per gallon, they'd find out real quick that they now hold onto something that won't get bought. The reason that gas is higher in Charlotte is because people are still using just as much of it. If the local economy can support a higher price, they charge it. In the area of food, you being in the business already realizes that you can't go outrageous on prices because you can always be undercut by someone else. Food is way cheaper than petroleum. Keep your meals at $8 and I might come to your restraunt. Make them $50 for the same thing and I'm going to the Fool Lion to get some burger, fire up the grill and make something that'll smoke anything you can get in a restraunt.
 
Somebody would buy it, not many people but there are some who would. Tell me about raising prices, haha, I hear people bitching about raising a price up .50 cents to keep up with food costs. And BTW not all food is cheaper than petroleum, try and price a gallon of oysters.
 
MichaelT said:
I prefer the term profiteering, but yes, if the gas station down the road wants to charge $50 per gallon and can find someone to pay that then hats off to them. Don't get me wrong, I don't like these gas prices either but coming from a small business perspective (restaurant) if I want to charge $50 for a normally $8 meal, no matter what kind of famine we are facing, I should have the right to do so. If you don't like what I am doing don't buy it or go to the next guy.
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The problem is that this logic really only works on commodities that are optional; e.g. eating at a restaurant. Your customers have a choice, go somewhere else or eat in.
Unfortunately, with teh way our society is set up at the moment, gas is not an optional commodity. It's essentially a utility. People cannot simply choose to not use it or go elsewhere; you HAVE to get to work and there is no way to do so besides driving a car.
Would you feel te hsame way if Duke Power decided to hike it's rates by 200%?
I recently moved to MD - guess what, per KWh rate here is 2x what it is in NC. Why? Well - utilities were recently deregulated. So now PG&E can charge whatever they want.. .'cause it's not like I can get power from anynody else. Well, technically you CAN select your producer (but not supplier)... but, amazingly, all the producers have the same extraordinary rate. Funyy....
 
That's very true Dave. Here in NC the state regulators forced Piedmont natural gas to reduce their rates by 16 cents.
 
Michael,
The problem is gasoline is not a free market commodity.
If you charge $50 for a Cheesburger, I can open a restaurant across the street charge $25 and take your business. Then you drop to $20, Then I to $15 and beefore long we are fighting over nickels at 7.95 and 8.00.

If I wanted to start a gasoline company today I need approximately 7 billion dollars and it wwill take 6-8 years before I have the first drop of useable burnable gas. It really isnt free market. Add in existing gas rights, mineral deposit ownership and a gov't no longer issuing drill vouchers and you have a communist run organization preying on a capitalistic market.

I am torn, I am still not ok with the gov't telling a company how much profit is enough, but at the same time gas at $50 a gallon would sill get bought.
 
Filled up just this side of Tazwell KY (I forget the town) at the Pilot Station, and it was $3.33 a gallon. Pilot out on I-81 was $3.48, In Evarts, it was $3.59
Needed to fill again in Canton, and everyone was out except one station, and they were at $4.29 a gallon, I come in on fumes, but wasn't gonna pay nearly a dollar a gallon difference in one day.
 
a station in fletcher made a bold move today .so i went and filled up the jeep for the first time in 3 weeks i ask how the price was so low when every station in sight was $3.99 and the lady said were tired of playing the game! and left it at that . to me i think they were trying to make a statment .
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lugnut said:
I figger it will take about a month here as long as nothing else happens. Its $3.39 in Mebane today
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You are lucky. The jackass down the street from my house is still charging $3.99/gallon!
 
drkelly said:
You are lucky. The jackass down the street from my house is still charging $3.99/gallon!
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It's $3.55 at sheetz on 68 near the big napa store. All of the stations there are $3.55, Hess and the other one...

And $3.39 on battleground at texaco near westridge. But they are probably out of gas.
 
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