Gas gouging??? (Brookhaven, Buffalo, Rocky Point: how much, tax, to live)

[alexei27]

Is this price gouging?

BP on 25A/Hallock Landing road in Rocky Point- UNL reg gas went from 3.63 this morning to 3.89

Exxon on 25A/Rocky Pt Landing Rd in Rocky Point went from 3.96 to 4.19.

I reported both stations to the govt website (whatever thats worth)...as BOTH store managers told me they have to cover their losses in case the next delivery is delayed or much higher than this one. So....they admit they are raising the price even though they have no idea how much their next delivery will be.

[omigawd]

Of course it's gouging and you shouldn't be surprised. Gas station owners and the smaller stores that sell cigarettes do this all the time. I don't smoke anymore but I know that when I did, if there was the slightest inkling of an increased tobacco tax on the news, those thieves would raise the prices by 50 cents a pack. That was a part of the reason I quit smoking.... it's been 6 years. I wish I could quit using gasoline, but you need a car to live out here...

[alexei27]

Originally Posted by omigawd

Of course it's gouging and you shouldn't be surprised. Gas station owners and the smaller stores that sell cigarettes do this all the time. I don't smoke anymore but I know that when I did, if there was the slightest inkling of an increased tobacco tax on the news, those thieves would raise the prices by 50 cents a pack. That was a part of the reason I quit smoking.... it's been 6 years. I wish I could quit using gasoline, but you need a car to live out here...

Congratulations on the 6 years being smoke-free!!!

I too would take the bus if it were an option (paging Crookhaven...)

[Crookhaven]

Originally Posted by alexei27

Congratulations on the 6 years being smoke-free!!!

I too would take the bus if it were an option (paging Crookhaven...)

Im with you brother.

A Brookhaven Intermodal would solve many ills.

crookhaven

[KellyFG]

check this website out
USA National Gas Temperature Map

this morning all of NY state was green. Some states are paying over $4 already.

[Walter Greenspan]

Originally Posted by alexei27

Is this price gouging?

There is no such thing as "price gouging": it's a political, not an economic, term.

Gasoline price are responding to the possible, short term or longer, loss of 25% or so of the national refining capacity to make gasoline, as well as an interruption in the ability to import gasoline (not only is the U.S. dependent on crude oil imports, but is also dependent on gasoline imports because refining capacity, even when not reduced by a natural disaster, is less than required to match gasoline supplies with gasoline demand).

In anticipation of Hurricane Ike, over the last several trading days ending Friday, the crack spread (the gross operating refinery margin) has widened about $5 a 42-gallon barrel as the wholesale price of crude oil declined about $2 a 42-gallon barrel while the wholesale price of gasoline and heating oil increased, some 11¢ and 2¢ a gallon, respectively ... and, if there was trading today, I wouldn't be surprised if this trend -- lower crude oil and higher product prices -- continued, and at an accelerating pace, reflecting a decline in the demand for crude and a reduction in the supply of gasoline and heating oil as refinery capacity has been reduced, at least for the short term.

[omigawd]

The LI part of that map speaks volumes.... parts of LI are yellow, other parts are tan, and one tiny part is green.... If prices are affecting LI, shouldn't ALL of LI be the same color??? I mean, LI is only a 100 mile stretch... .it's not like we're comparing LI to Buffalo.