Tuesday, September 30, 2008

Gas Prices: $3 Per Gallon in MO and OK, $8 in GA

Gas prices are approaching $3 per gallon in Missouri and Oklahoma.

Meanwhile, in Georgia, "The state has received 1,300 complaints of gas gouging and has subpoenaed sales records from 130 gas stations to determine if they illegally jacked up prices in the wake of Hurricane Ike. There was one report that a station was charging $8.82 a gallon, but that report hasn’t been verified." (Another link here.)

To which columnist Neal Boortz replies "Don’t investigate them! Reward them! Price gouging is exactly what we need! It should be encouraged, not investigated."

HT: Larry Russell

5 Comments:

At 9/30/2008 9:18 AM, Anonymous Alex said...

Either you conserve expensive gas, or you get no gas. It's really that simple, not a hard concept to understand, and it's too bad most politicians won't speak honestly on the subject.

 
At 9/30/2008 3:05 PM, Anonymous Anonymous said...

Either you go to work (which for many many people means no other option but driving), or you don't get paid. But most people in CD-land don't understand that concept.

Of course no one in CD-land seems to understand the Colonial pipeline infrastructure either.

"neeerg, there's no shortages, gas just costs $10,000 / gallon!"

Tell me that's not a shortage... Eventually your market dynamics will fail when you deal with things like deletable resources. But that's not that hard of a concept to understand. Or so one would think.

 
At 9/30/2008 3:58 PM, Anonymous Anonymous said...

anon - maybe we could just have the government provide for our material and energy needs. It worked so well in the former USSR. They never had lines and they never had shortages. 'Twas a virtual Utopia.

 
At 10/01/2008 9:30 AM, Blogger Shawn said...

anon 1: have you ever taken an econ class? this is basic stuff--do you have similar issues with landing on your butt when you trip, b/c that darn gravity keeps working the way it always does?

 
At 10/01/2008 2:13 PM, Anonymous alex said...

Anon 3:05, all the emotional, antedoctal posturing in the world won't fix a shortage of anything. There isn't a way to factor in personal needs to somehow magically make a shortage go away. Many politicans (and you, apparently) seem to think so, but for those of us who live in the real world, there just isn't.

 

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