Here we go with the Gas prices

[Father Demon]

Is it time to panic yet?  Gas is now $3.00 all around my house, and Drudge is reporting that Atlanta is currently at $5.50 and could hit $6 a gallon by the weekend. 

The oil companies are ripping off the public in the name of national disaster, but we (the public) have no where to turn.  We need oil, and there's nothing short of riding a bike 20 miles to work or stop driving anywhere short of necessisty we can do about it. 

I'm too lazy to do the math, but the average family income in the US is somewhere around $35,000 a year.  If you figure that the average person has to drive 10 miles to work each way, that's a gallon a day.  How much more can our economy take before it implodes? 

Everyone on an interest only mortgage or reverse amortization loan need to be shaking in your boots.  As gas eats up all our money, and the economy crumbles, the housing bubble threat will now happen.  We are about to get farged, raw.


Someone please hold me.......

[Rome]

I was out this morning doing an appraisal and drove by a local gas station along State Road A1A (the beach road for those who don't know what A1A is) here in Daytona.  Anyway, a gallon of regular gas was $2.62 when I drove by.  I drove past the same gas station about an hour and a half later and the price was $2.89.

I got so fargin pissed off, I turned my car around and went into the convenience store to find out why the hell the price went up twenty seven cents in the space of an hour and a half.

Haji behind the counter said "dat eez de going rate right now... if you don't like it, don't pay it" to which I replied, "yeah, go farg yourself."

I hope his crappy little store burns to the ground with him in it.

Jagoff.

[PhillyGirl]

it was 2.49 at the station by me yesterday. 3.03 today.

[Rome]

That's profiteering, plain and simple.

People simply aren't going to stand for that shtein.  If the Feds don't step in and freeze prices, there's going to be violence in the streets over this... just wait and see.

[PhillyGirl]

The odd thing is...the stations that are normally the cheapest are now the most expensive. The big name companies are all under 3.00. Saw a few at 2.79....but the smaller stations are over 3 bucks.

[JTrotter Fan]

3.15 in Waco...

[Rome]

The thing is, there's simply no way gas prices should spike this quickly.   I can see it rising steadily as the effects of Katrina make their way into the system but immediately?

No fricken way.  The oil companies, distributors and service station owners are engaged in shameless profiteering at the expense of the American Public and the only way to combat it is for the Feds to immediately enact price freezes on petroleum products until the crisis passes.

It's like the circuit breaker that occurs in the stock market when runaway trading happens.   Bush has it in his power to freeze prices temporarily.  Why he hasn't done so yet is readily apparent.

[PhillyGirl]

Barf

[Diomedes]

Yep.  The union is going great here in the fifth year of W.

[phillymic2000]

Yep.  The union is going great here in the fifth year of W.

Yeah your right he just whipped up that hurricane in his witch's pot.

[Father Demon]

The trouble with freezing prices, it upsets the natural supply and demand structure.  Assuming that supply and demand are in balance (equilibrium), which is causing this $3.00 a gallon price (and almost $5 in the Atlanta area), freezing the price will cause supply to drop.  Demand remains the same, but to reach the lower price supply will fall.  That's not good either.  Would you rather have enough fuel at higher prices, or a shortage of gas (and long lines, crime, and violence to go with it) at lower prices?

Of course, this whole argument is void because the fargers are gouging the American public.  I wish them all cruel and horrifying pain.

[Tomahawk]

Yep.  The union is going great here in the fifth year of W.

Yeah your right he just whipped up that hurricane in his witch's pot.

Probably not, but he is undoubtedly making money on it. Or did he give up all his oil investments?

[PhillyPhreak54]

I filled up last night. It cost me $69.00.

I stopped at the gas station and it was $2.61.

When I came out of the store after paying it was already bumped up to 2.65.

I have no idea what it is at that station now, but I assume it is more.

[Butchers Bill]

Probably not, but he is undoubtedly making money on it. Or did he give up all his oil investments?

Presidents do not hold private investments while in office.  Any stocks/bonds/mutual funds are held in a blind trust.

[PhillyPhanInDC]

I'm pretty glad I bought a Civic recently. Guys at work call me a Hoyda, which is fine, cause I'm a Hoyda with some dollars left over after I stop at the pump. BTW, the highest prices for today was Death Valley, CA @ $3.88 for regular.