If you haven’t already, do look at the previous post Ed put out about gouging in Michigan. These are good reads for those interested in the oil industry, too. Now, on to business. With a spike up in everything oil/gas/diesel, we are very ripe for a spike tomorrow. I’m putting it at about 65% possible. [...]
Archive for the Tag 'gouging'
A couple of articles have come to my attention recently related to gas pricing. #1: Some Lansing gas stations pay fines for gas gouging last September. #2: Jim Hightower comments on the “Magic of the Marketplace” that led to the run up in energy prices the past few years. #3: A recently-published story in Rolling [...]
Tuesday, October 21, 2008, 9:20 AM: The following question has been posed to me several times the past month: On July 15, oil was at $145 a barrel, and gasoline cost $4.25 a gallon at the pump in Grand Rapids. Last week, oil was $72 a barrel, and gasoline cost $2.96 a gallon. If the [...]
Last time I called the Michigan AG on gas price gouging, I was given sympathy “Oh, I know its terrible, isn’t it?”, I had accurate information, the station address, and NOTHING WAS DONE. No questions asked, no investigation, no taking of my name and information, no taking of the other information I had as well. [...]
First off, any rumor of $4.50+ gas in the Midwest is FALSE. Just home from work and posting here to help aid in killing false rumors. First of all, don’t expect shortages of gas. There is no need to panic buy, prices will come down over time, but the worse thing folks can do is [...]
I think you’ll agree with me on this one- Diesel consumers have LONG awaited the price drops that gasoline has seen. Since gasoline has dropped mid-July, diesel HAS followed its drop on the wholesale market, BUT for some reason, those price drops really never made it to large chain retailers. Even as I write this, [...]