HSTuners - View Single Post - And You Thought Gas Was High Where You Are????

*ChrisCantSkate* · 09-07-2005, 12:55 PM

the main reason it is up right now is economic scare. there is no reason to have such high prices if everyone still consumed at their normal levels. we had a few days of lower than nominal supply coming out of the gulf, and although i know its still not back at 100% its not effecting supply enough to warent this pricing thats going on. ive talked to a bunch, bascially every gas station i go into, about how their normal supply is going and if they are out of gas for any extended period of time, florida remebers hurricanes and lets say gas was jumping roughly $0.25 a day for a while, started at 2.35 a gal, topped off around 3.75. back to the gas suppliers, not a single one has missed a shipment of gas, and they are all able(not nessisarily buying, but that was only 1 station) to buy their normal amounts of gas. i saw this coming 3 days before katrina hit, and i filled my tank @2.65 a gal for premium. i watched premium break the $4 mark, and sat there and laughed at my 3/4 tank that wasnt going anywhere anytime soon since im driving 5-10 miles a day when possible. now the funny thing is, the higher prices got, the more people freaked, horeded gas, sat at pumps for HOURS, and thought for sure gas was going to run out. now let me tell you a little thing in economics we like to call supply and demand. when you have a market trying to buy out your entire supply, then you have to raise prices to slow down consumption and bring things back to a level where the suppliers can meet the demand. on the topic of raising prices durring crisis, price gouging comes up ALOT. there was tons of it last year, and they kept their eye on it this year. now in my area we have ~40,000 students within say 3 miles of campus, they all want gas. thats alot of gas for 9 stations( off the top of my head thats how many i count around here, not the point, but it will make my point) to try and fill up at least 20,000 cars. raising gas like that was in direct relation to the increase consumption, and only indirectly do i believe katrina is the cause of this.

wow that got long winded... i wont be supprised if no one reads it

09-07-2005, 12:55 PM	#21
ChrisCantSkate Thought Police Join Date: Aug 2001 Location: orlando florida Age: 41 Posts: 9,662	the main reason it is up right now is economic scare. there is no reason to have such high prices if everyone still consumed at their normal levels. we had a few days of lower than nominal supply coming out of the gulf, and although i know its still not back at 100% its not effecting supply enough to warent this pricing thats going on. ive talked to a bunch, bascially every gas station i go into, about how their normal supply is going and if they are out of gas for any extended period of time, florida remebers hurricanes and lets say gas was jumping roughly $0.25 a day for a while, started at 2.35 a gal, topped off around 3.75. back to the gas suppliers, not a single one has missed a shipment of gas, and they are all able(not nessisarily buying, but that was only 1 station) to buy their normal amounts of gas. i saw this coming 3 days before katrina hit, and i filled my tank @2.65 a gal for premium. i watched premium break the $4 mark, and sat there and laughed at my 3/4 tank that wasnt going anywhere anytime soon since im driving 5-10 miles a day when possible. now the funny thing is, the higher prices got, the more people freaked, horeded gas, sat at pumps for HOURS, and thought for sure gas was going to run out. now let me tell you a little thing in economics we like to call supply and demand. when you have a market trying to buy out your entire supply, then you have to raise prices to slow down consumption and bring things back to a level where the suppliers can meet the demand. on the topic of raising prices durring crisis, price gouging comes up ALOT. there was tons of it last year, and they kept their eye on it this year. now in my area we have ~40,000 students within say 3 miles of campus, they all want gas. thats alot of gas for 9 stations( off the top of my head thats how many i count around here, not the point, but it will make my point) to try and fill up at least 20,000 cars. raising gas like that was in direct relation to the increase consumption, and only indirectly do i believe katrina is the cause of this. wow that got long winded... i wont be supprised if no one reads it __________________ Black Vtec Prelude-h22a power'd Many dreams come true, and some have silver linings. I live for my dreams and a pocket full of gold.