well, sounds like price gouging to me. if you heard already fm the news, that this is going on already. why has the state or the feds made a stop on this? first of all, they already purchased the fuel in the tanks. so they are trying to gain more for profit on the fuel. and you wonder why these gas giants are making so much money!!! they do this when folks travel (usually traveling holidays). this is why we as americans need to put a halt on this price gouging or changing prices everyday and in some cases on the hour.
if i am in line, why should the value change? i should get the receipt had taken a photo or something and then sue the gas station and then the gasoline supplier. this is gouging!!
What?? It just said 25% of America’s gas is produced in Houston. 5% of our CRUDE OIL comes from this region, which has little to do with the price of wholesale gasoline.
I hate paying more for gas, but it is simply economics. Please read an econ 101 book that addresses supply and demand. In the fall, inventories are low due to less traveling. Now, with the refineries shut down, no more gas (20%) gets sent for consumption from an already limited supply, furthering the gap between the supply and the demand. Then, take into account all these doomsday sayers (i.e. all those people lined up at the pump with 10 gas cans) and the supply is further depleted and that much harder to replenish. Less supply, more demand = higher price! All these people lining up actually made a bad situation worse.
There should not be price gouging, but there will certainly be price adjustments based on the situation.
We have updated our privacy policy to be more clear and meet the new requirements of the GDPR. By continuing to use our site, you accept our revised Privacy Policy.
There is no reason for the Gas to go up! we only produce 5% of our oil down there in the Gulf. It is just another scam from the oil companies.
well, sounds like price gouging to me. if you heard already fm the news, that this is going on already. why has the state or the feds made a stop on this? first of all, they already purchased the fuel in the tanks. so they are trying to gain more for profit on the fuel. and you wonder why these gas giants are making so much money!!! they do this when folks travel (usually traveling holidays). this is why we as americans need to put a halt on this price gouging or changing prices everyday and in some cases on the hour.
if i am in line, why should the value change? i should get the receipt had taken a photo or something and then sue the gas station and then the gasoline supplier. this is gouging!!
What?? It just said 25% of America’s gas is produced in Houston. 5% of our CRUDE OIL comes from this region, which has little to do with the price of wholesale gasoline.
I hate paying more for gas, but it is simply economics. Please read an econ 101 book that addresses supply and demand. In the fall, inventories are low due to less traveling. Now, with the refineries shut down, no more gas (20%) gets sent for consumption from an already limited supply, furthering the gap between the supply and the demand. Then, take into account all these doomsday sayers (i.e. all those people lined up at the pump with 10 gas cans) and the supply is further depleted and that much harder to replenish. Less supply, more demand = higher price! All these people lining up actually made a bad situation worse.
There should not be price gouging, but there will certainly be price adjustments based on the situation.