Posted by JML755 on September 15, 2008 at 13:09:54 from (66.184.63.110):
In Reply to: Oil posted by greygoat on September 14, 2008 at 10:04:39:
Spook said: (quoted from post at 21:17:17 09/14/08) I just filled up my truck here in Michigan. $4.20 per gallon. One station dropped the price down when a TV truck showed up. If you think people aren't taking advantage of the situation, you aren't living in the real world.
Also am in Michigan, I paid 3.79 at 4pm on Friday, about average for all the stations I passed. After filling up my wife's car on the way home, I heard news of panic buying in some areas of Michigan and prices surging, ostensibly because of Ike. I took my car to a station at 6:00 PM and regular was at 4.19. Same fuel in their tanks at 6:00 PM as at 4:00 PM, but somehow the price went up 40 cents in 2 hours. Amazing. I just put in a couple of gallons and stayed home all weekend. By the way, the reason I filled up my wife's car was because we now car-pool. It's a slight inconvenience for us both, but we have cut 250+ miles a week out of our commuting mileage. That's close to $50/week or $2500/yr. We'll probably still do it if/when gas drops to under $3/gal. We also do fewer trips up North, errand runs, etc.
So, I'm doing my part to reduce my personal consumption of oil, mostly for selfish reasons ($$$$). I'm also waiting for the plug-in electrics to come out. I would rather spend my money on home-grown electricity, than send a nickel of it over to the camel jockeys.
As for drilling in Alaska, it's weird that so many people want to preserve something they've never seen, will never get to see and has little value other than on a calendar picture. The fact that it's desolate, isolated, a b**tch to get to should actually make it a perfect spot for exploration. Sure as he$$ can't live there.
I'm all for free-market economics, but the fact that the oil companies raise prices in a heartbeat at the slightest hint of a potential problem (all in lockstep), but it takes them weeks to drop a few cents means they are operating in collusion as a cartel. Our only recourse is to stop buying. Unfortunately, it is taking us time, as consumers, to react to this gouging and buy more fuel efficient cars, alter our driving habits and look to alternative energy sources. The oil comanies will someday find out that they have killed the golden goose.
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