Gas prices in memphis today
09-14-2008, 08:12 AM
#4
Gets Weekends Off
Joined APC: Jul 2008
Posts: 862
People are idiots.
There was a run on the gasoline stations based on speculation of supply problems. That run resulted in stations running out of gasoline before any supply problems had even occurred.
The solution to this is to let market forces do what market forces do. When the run started, the stations should have been free to raise prices as much as necessary to stop the run. If the prices jumped to $6 or $7 a gallon the people who were panicking would have stayed home, or at least bought only what they absolutely needed to get through a couple of days. Gasoline would have been available for those who really needed it and the prices would stabilize at whatever price the ACTUAL supply situation dictated.
Of course, the gasoline stations can't raise the prices to the extent necessary to stop the run because the idiot politicians have enacted laws against it.
There was a run on the gasoline stations based on speculation of supply problems. That run resulted in stations running out of gasoline before any supply problems had even occurred.
The solution to this is to let market forces do what market forces do. When the run started, the stations should have been free to raise prices as much as necessary to stop the run. If the prices jumped to $6 or $7 a gallon the people who were panicking would have stayed home, or at least bought only what they absolutely needed to get through a couple of days. Gasoline would have been available for those who really needed it and the prices would stabilize at whatever price the ACTUAL supply situation dictated.
Of course, the gasoline stations can't raise the prices to the extent necessary to stop the run because the idiot politicians have enacted laws against it.
09-14-2008, 08:40 AM
#5
Gets Weekends Off
Joined APC: Aug 2008
Posts: 167
People are idiots.
There was a run on the gasoline stations based on speculation of supply problems. That run resulted in stations running out of gasoline before any supply problems had even occurred.
The solution to this is to let market forces do what market forces do. When the run started, the stations should have been free to raise prices as much as necessary to stop the run. If the prices jumped to $6 or $7 a gallon the people who were panicking would have stayed home, or at least bought only what they absolutely needed to get through a couple of days. Gasoline would have been available for those who really needed it and the prices would stabilize at whatever price the ACTUAL supply situation dictated.
Of course, the gasoline stations can't raise the prices to the extent necessary to stop the run because the idiot politicians have enacted laws against it.
There was a run on the gasoline stations based on speculation of supply problems. That run resulted in stations running out of gasoline before any supply problems had even occurred.
The solution to this is to let market forces do what market forces do. When the run started, the stations should have been free to raise prices as much as necessary to stop the run. If the prices jumped to $6 or $7 a gallon the people who were panicking would have stayed home, or at least bought only what they absolutely needed to get through a couple of days. Gasoline would have been available for those who really needed it and the prices would stabilize at whatever price the ACTUAL supply situation dictated.
Of course, the gasoline stations can't raise the prices to the extent necessary to stop the run because the idiot politicians have enacted laws against it.
09-14-2008, 08:44 AM
#6
Part Time Employee
Joined APC: Jul 2006
Position: Dispersing Green House Gasses on a Global Basis
Posts: 1,918
People are idiots.
There was a run on the gasoline stations based on speculation of supply problems. That run resulted in stations running out of gasoline before any supply problems had even occurred.
The solution to this is to let market forces do what market forces do. When the run started, the stations should have been free to raise prices as much as necessary to stop the run. If the prices jumped to $6 or $7 a gallon the people who were panicking would have stayed home, or at least bought only what they absolutely needed to get through a couple of days. Gasoline would have been available for those who really needed it and the prices would stabilize at whatever price the ACTUAL supply situation dictated.
Of course, the gasoline stations can't raise the prices to the extent necessary to stop the run because the idiot politicians have enacted laws against it.
There was a run on the gasoline stations based on speculation of supply problems. That run resulted in stations running out of gasoline before any supply problems had even occurred.
The solution to this is to let market forces do what market forces do. When the run started, the stations should have been free to raise prices as much as necessary to stop the run. If the prices jumped to $6 or $7 a gallon the people who were panicking would have stayed home, or at least bought only what they absolutely needed to get through a couple of days. Gasoline would have been available for those who really needed it and the prices would stabilize at whatever price the ACTUAL supply situation dictated.
Of course, the gasoline stations can't raise the prices to the extent necessary to stop the run because the idiot politicians have enacted laws against it.
That is because:
We all have a "RIGHT" to inexpensive gasoline, just like the "RIGHT" we have to inexpensive airline tickets, inexpensive health care, etc etc etc. I better stop or this will get pulled for being a political discussion!
09-14-2008, 10:04 AM
#7
Gets Weekends Off
Joined APC: Sep 2008
Position: seated beer curl
Posts: 406
"Market forces" certainly aren't infallible. As for our "rights", I'll just say it's good to have laws that protect us from price gouging. We absolutely have a right to an atmosphere of a more level playing field between merchants and consumers. The laws protect us from the vultures and opportunists.
09-14-2008, 04:39 PM
#10
Gets Weekends Off
Joined APC: Aug 2006
Position: 1559
Posts: 1,535
It's funny though, the stations at Shelby and Lamar have regular for 4.69 while the new BP and the other two stations at Tchulahoma and Winchester are still in the 3.79 range. Diesel meanwhile hasn't budged at either intersection and is around 3.83.
Seems like it is individual stations causing this.
Seems like it is individual stations causing this.
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