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Author Topic: Is There Integrity in Gas Prices Topic is locked Back to Topics
JT

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Message Posted: Nov 4, 2007 2:03:22 PM

Sunday, November 04, 2007
American Chronicle -- Today there seems to be a never ending saga of gas prices going up and down. Is there any integrity in the constant changing prices? All companies have a right to make a profit but the question in this situation is who is making the profit and is it reasonable. The constant change of gas prices and the profits continually get reported in the news and this makes people question what is happening with the supply of gas. Many people complain to the local gas stations but I feel they have little if any control over the prices listed at the pump. The owners of these stations must make a profit to stay in business but sometimes I see changes in prices several times during the month. Most gas stations, I believe, receive their supply once a month. If this is true, then the prices should stay the same until a new delivery is received.

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REPLIES (newest first)
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PNF
Champion Author Tennessee

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Message Posted: Nov 5, 2007 1:08:26 PM

Many stations get their fuel based upon how much is left in the tank and when the delivery can come, unless they are a small station without much business then once a month might be a reality. Many busier stations get deliveries every week. I agree that I have seen prices change many times in one day! The station do not charge based upon cost, but market and above....FEAR!
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tazdriver
Champion Author Huntsville

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Message Posted: Nov 5, 2007 10:03:49 AM

This is a good question. Integrity not only in gas prices but in all prices and across the board in government local, state and Federal. Every day there is someone brought before us in the media who gets flogged for doing something that demonstrates a lack of integrity. This seems to be just a sign of the problem not the root cause. We are suffering the consequences of lack of integrity, individual choices that affect us all. So you see, we are all in this together, we need to act like it and work together to effect a solution.
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bicycler
Champion Author Ontario

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Message Posted: Nov 5, 2007 9:41:00 AM

Hmvee69; Very interesting, and I have posted the opposite view a number of times.I have in the past, when I drove to & from Florida,seen numerous similarities between the top oil companies,only showing differences for short periods while going up or down.An example: Shell & Petro Canada stations & Esso(Exxon in Canada) prices in my town have not differed for years !
The prices that I have seen are not just here,I have seen the same situation all the way down to Florida off I75,I81,I95 through Buffalo etc.and in FL . This experience is over60 years behind the wheel.I am sure this not 100% but offhand I can not cite a single example.
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rs76
All-Star Author Maryland

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Message Posted: Nov 5, 2007 9:38:16 AM

The reactionary fluctuations have been taken to an extreme. Are there too many players in the energy markets?
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D0NNLE
Champion Author Columbus

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Message Posted: Nov 5, 2007 9:34:47 AM

I also think the oil companies are over charging us to make money for themselves, just incase they lose their jobs cause they run short of oil. They know we need it & gasoline to run our lives.
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winggnutt
Champion Author Detroit

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Message Posted: Nov 5, 2007 9:29:05 AM

reactionary price fluctuations have been a tradition of the gas marketplace for decades and is unlikely to change
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bicycler
Champion Author Ontario

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Message Posted: Nov 5, 2007 9:27:41 AM

Years ago the then oilbarons (502-60s) defended the attacks on gas price remaining the same, when the cost of oil had gone down,by saying that a cost reduction of oil would not show at the pump until the product hit the pump.Where the oilbarons telling the truth?
It seems to me to no longer(if it ever was)the factor.It looks like rumour,political unrest,panic,weather etc.have taken over all of which hurt the consumer but the oil companies still make a good profit tho` not as great as last quater.
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PetroPusher
Sophomore Author Ohio

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Message Posted: Nov 5, 2007 9:27:14 AM

Unfortunately, gas price is like the stock market....it responds to any news, nationally or worldwide that MAY affect oil. Oil companies interpert the news as negative or postive and immediatley adjust prices accordingly so as IF the news is valid and holds true, the oil companies made a good business decision and all involved just justified their unrealistic salaries. Just like any business, including the one your in.....it's all about money. Gas prices just reflects our present economy.........very, very unstable.....thank you George Bush.
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Rbl197
Champion Author Wilmington

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Message Posted: Nov 5, 2007 9:19:40 AM

Short answer...no.
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Hmvee69
Rookie Author Knoxville

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Message Posted: Nov 5, 2007 9:12:29 AM

I know a lot of the stations in my area (Knoxville, TN) receive gas on a weekly basis, so that could have something to do with the yo-yo gas prices. And, I agree the companines do have a right to make a profit, but isn't in the billions just a little too much? At the same time we brought the dependency on ourselves, so who should we truly blame?
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rvnvet70
Champion Author Michigan

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Message Posted: Nov 5, 2007 9:05:15 AM

Here in Michigan there's one company I know of that each of their stations has a different price. Sometimes there's a difference of 10-15 cents a gallon.
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MightyDude
Champion Author Minnesota

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Message Posted: Nov 5, 2007 9:04:16 AM

About as much as CEO's & politicians.
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rich148
Veteran Author Grand Rapids

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Message Posted: Nov 5, 2007 9:03:01 AM

you've got to be kidding.
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WillyG
Champion Author Cincinnati

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Message Posted: Nov 5, 2007 9:02:34 AM

Next thing you gonna ask if all politicians are honest...
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cott83
Champion Author Illinois

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Message Posted: Nov 5, 2007 9:01:00 AM

Around here, it seems that Tuesday is the magical day for prices to rise.
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mrosteen
All-Star Author Florida

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Message Posted: Nov 5, 2007 8:59:51 AM

why do gas prices jump so quickly on any type of news that gets the oil industry panicked, yet prices trickle down a couple pennies at a time.
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bug27
Champion Author Kentucky

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Message Posted: Nov 5, 2007 8:56:12 AM

Once a month? Our local gas stations' prices sometimes change twice in one day. The prices charged is often unrelated to the cost of the gas in the stations' tanks. THAT is gouging.
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McNasties
Champion Author Wisconsin

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Message Posted: Nov 5, 2007 8:55:12 AM

Most gas stations, I believe, receive their supply once a month.

Another uninformed cretin.
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whag
Rookie Author Utah

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Message Posted: Nov 5, 2007 8:45:51 AM

If I understand it correctly most stations work through a jobber, and the jobber sets the price. This entity is making the local judgements on price, but I would bet some one up the line tells that person how much would be a logical price.
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OSPREY
Champion Author Atlanta

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Message Posted: Nov 5, 2007 8:44:47 AM

hell no
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Knight_Rider
All-Star Author Grand Rapids

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Message Posted: Nov 5, 2007 8:43:48 AM

Who's modertating this crap! My post and the only other one that was worth reading have been removed!
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timberwolfsteel
Sophomore Author Knoxville

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Message Posted: Nov 5, 2007 8:35:34 AM

On the news of increased prices for oil, Pilot gas station in my town jumped from 2.75 to 3.09 over night. When the other stations didn't follow suit and only went up to 2.83, it showed me who the gouger is in my area. The next day, they dropped prices to match the surrounding stations.
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Mwmemt
Sophomore Author Detroit

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Message Posted: Nov 5, 2007 8:31:22 AM

The poor get poorer and the rich get richer. Gas consumers and Oil companies are the perfect example.
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Herder1
Champion Author Wyoming

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Message Posted: Nov 5, 2007 8:22:57 AM

It's a game they are playing and making money at the same time. Is their something crooked going on and isn't there some laws which prevents this from happening.....YES there is but also ask your self this:
what happens at the same time prices are going up and up? Isn't the government also making more tax money to do their pet projects that they want to be done? Is it any wonder the government don't step in and say 'enough is enough'! and put an end to this game.JMHO
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DOWUP
Champion Author Georgia

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Message Posted: Nov 5, 2007 8:17:56 AM

If you don't like high gas prices, buy oil stocks.
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westover
Champion Author New Jersey

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Message Posted: Nov 5, 2007 8:17:39 AM

Integrity of what? Oil companies want the money.
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Jim_Volfan
Champion Author Knoxville

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Message Posted: Nov 5, 2007 8:13:20 AM

Boycot the stations that gouge the consumer.
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tags610
Champion Author Lincoln

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Message Posted: Nov 5, 2007 8:01:09 AM

Speculation is the major problem. I would be against regulation of the oil companies, but getting oil out of the futures market would be a plus.
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wayne8501
Rookie Author Tennessee

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Message Posted: Nov 5, 2007 7:59:30 AM

they don't have any integrity they have thought of a way to rob you without usinfg a gun
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The_WaTchR
Champion Author Georgia

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Message Posted: Nov 5, 2007 7:52:02 AM

I think that the oil companies need to answer to someone before they fluctuate the price of fuel. I am personally tired of the prices changing because of speculation, rumor, or the possibility of this or that. Fuel prices affect the average household and we can not speculate our household budget due to what may or may not occur with oil.
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AvantiMick
Champion Author Indiana

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Message Posted: Nov 5, 2007 7:41:03 AM

Hard to blame the middle east for prices when, in the US, prices jumps all around due to fears, speculation, maybes, and possibilities of "something" happening. It's the oil companies that set the gas prices and influence the oil price.
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goldseeker
Champion Author West Virginia

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Message Posted: Nov 5, 2007 7:38:25 AM

None what so ever.
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movinon
Champion Author Kansas City

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Message Posted: Nov 5, 2007 7:38:08 AM

Integrity should never be used in the same sentence with oil companies or pricing.
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Buz13
Champion Author Pensacola

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Message Posted: Nov 5, 2007 7:35:39 AM

Gas Prices: They ROCKET up and FEATHER down.
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GetURWingz
All-Star Author Missouri

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Message Posted: Nov 5, 2007 7:28:11 AM

One goes up in price they all follow. Back in the 70's I ran a Clark Oil station. Each morning before i went to work I had to go and checked the competition and report what their price was to my home office. If I was selling a lot of gas they would see the spike and call to have me check prices again and they would tell me later to stay or go up in price.
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EBR
Champion Author Greensboro

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Message Posted: Nov 5, 2007 7:24:58 AM

There's about as much integrity in gas prices as there is in the administration leaders whose families have close ties to the oil industry.
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JasioN
Champion Author Boston

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Message Posted: Nov 5, 2007 7:19:07 AM

No integegrity whatsoever. Any sign of trouble and things go up and keep you guessing instilling fear. You feel manipulated.
Any explonation why a difference between gas grades stays the same dime despite 3x increase of in regular in the last decade?
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luckyseverin
Veteran Author Michigan

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Message Posted: Nov 5, 2007 7:14:15 AM

Done on the corner from my house, the price goes up 20-25 cents about every two weeks. It goes up in the morning and by the time I come home from work it will be down 5-15 cents as it did recently. I use a credit card knowing that I will have to pay the full price but the station will not get my full price due to credit card fees.
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lleddirj
Champion Author Michigan

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Message Posted: Nov 5, 2007 7:08:41 AM

I think that from the end dealer (i.e. retail) there is to a large degree unless there are no competing stations in the area. The profit margin is so low on gas at this level that once gas gets much higher than $3/gal & the buyer uses a major credit card the profit is gone (that's why they want you to come inside a buy coffee for $2 which cost them $0.50.
The real problem is the big guys that do the shipping and refining.
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Oilcan2
Champion Author Twin Cities

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Message Posted: Nov 5, 2007 7:06:50 AM

I also think the stock market has a lot to do with the price of gas going up. They operate on fear (of not making a big profit). The price of oil goes up everytime there is a hint of trouble in an oil producing country. They don't even wait for the event to happen and sometimes it doesn't happen at all (ex. hurricanes). How does $95 per barrel of oil prevent the shortage from happening. If there is a TRUE shortage it is going to happen whether the price is $30 or $95.
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my3sons
Champion Author New York

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Message Posted: Nov 5, 2007 6:59:15 AM

Not at all!!
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TerryLee
Champion Author Ohio

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Message Posted: Nov 5, 2007 6:57:37 AM

Nope
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Cachase1
Champion Author Oklahoma City

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Message Posted: Nov 5, 2007 6:56:01 AM

Usually, the owners of the stations will raise their prices to compensate for the price of the next shipment of gas. If they didn't do this, they would not be able to pay for the next load and would not be able to sell gas anymore.

Chris Chase
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EasyMPG
Champion Author Ontario

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Message Posted: Nov 5, 2007 6:48:17 AM

Well the stock market isn't the party responsible for devaluing the US dollar, so you might want to rethink that position.
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lpj
Champion Author Macon

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Message Posted: Nov 5, 2007 6:37:24 AM

i think the stock market crowd is the reason our gas keeps going up!
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raven10
Champion Author New Jersey

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Message Posted: Nov 5, 2007 6:36:07 AM

no
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Crumbfel
Champion Author Virginia

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Message Posted: Nov 5, 2007 6:30:35 AM

Sometimes locally the prices are changed two times a day. The pricing bosses of the various stations jump at any news that they can raise prices. The poor station owner myth is just that. Their greed plus the corporate greed equals continued higher prices as any excuse is a good excuse to raise prices.
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dongo50
Champion Author West Virginia

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Message Posted: Nov 5, 2007 6:20:56 AM

not here! there are 4 gas stations, and they always run the same pattern.
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Bonanza
Champion Author Boston

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Message Posted: Nov 5, 2007 6:02:50 AM

What integrity?
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cheapfellow
All-Star Author Atlanta

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Message Posted: Nov 5, 2007 5:59:15 AM

Dictionary definition of "Integrity" >>>> firm adherence to a code of especially moral or artistic values : incorruptibility.
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