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Old 07-19-2014, 05:51 PM
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Government Soshulism Hits A Kentucky Town

The jack booted government thugs cut the capitalist's throats.

http://www.washingtonpost.com/nation...y.html?hpid=z5
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Old 07-19-2014, 05:58 PM
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If the market's free why can't the government participate in it fully?
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Old 07-19-2014, 06:44 PM
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I'm not sure I like the idea, though I don't exactly care one way or the other.
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Old 07-19-2014, 06:56 PM
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It's my belief that the gas companies play rather sophisticated games with gas prices, jack them up sometimes, down sometimes, from place to place, keeping the average up but having enough down phases to keep people from getting too pissed. Note the quote from the petroleum association, in the story, saying the price in the town is 'low sometimes....'

Price also seems to vary depending on demand elasticity in particular areas.

I'm fine with the city throwing a bit of a monkey wrench into all this. Now using tax subsidies to sell below wholesale would be a bit different....
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Old 07-19-2014, 06:58 PM
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Quote:
Originally Posted by donquixote99 View Post
It's my belief that the gas companies play rather sophisticated games with gas prices, jack them up sometimes, down sometimes, from place to place, keeping the average up but having enough down phases to keep people from getting too pissed. Note the quote from the petroleum association, in the story, saying the price in the town is 'low sometimes....'

Price also seems to vary depending on demand elasticity in particular areas.

I'm fine with the city throwing a bit of a monkey wrench into all this. Now using tax subsidies to sell below wholesale would be a bit different....
Can't argue with that.
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Old 07-19-2014, 08:10 PM
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Quote:
Originally Posted by donquixote99 View Post
It's my belief that the gas companies play rather sophisticated games with gas prices, jack them up sometimes, down sometimes, from place to place, keeping the average up but having enough down phases to keep people from getting too pissed. Note the quote from the petroleum association, in the story, saying the price in the town is 'low sometimes....'

Price also seems to vary depending on demand elasticity in particular areas.

I'm fine with the city throwing a bit of a monkey wrench into all this. Now using tax subsidies to sell below wholesale would be a bit different....
I'm thinking this is precisely what it is. "Free Market" my arse.

Dave
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Old 07-19-2014, 08:20 PM
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Regarding 'price inelasticity.' My bad--should have said 'demand inelasticity.' Basically means that means the price will be higher in a town of well-paid commuters. Or in a tourist town. The visitors have to get home, after all.

Ever notice how the price is higher in the places right on the interstate?
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Old 07-19-2014, 08:20 PM
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"The venture unnerved local filling station and convenience store operators suddenly competing with the city in this Republican stronghold. Critics said the government has no business injecting itself into the private sector, and one store owner branded it as so(c)ialism."

Of course they hate it, they are being undercut and they know that once people start to like not having to pay for their profit margin and marked up overhead, they will lose.

Let's face it, it is So(c)ialism. And, in this case, the only way they will kill it is politically because they cannot compete with it economically. Few people are going to continue paying $3.80 - $4.00/gallon if they can get it anywhere for $3.35..........................

Dave
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Old 07-19-2014, 08:27 PM
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Hell and Limbaugh are going to descend on this town.

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Old 07-19-2014, 08:34 PM
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http://www.wdrb.com/story/20969510/g...must-stop-2513

""The answer can be summed up in one word: Monopoly. Marathon Oil has a virtual total monopoly over wholesale gasoline distribution throughout the state, and whenever they decide to hike the price by a nickel, or a dime – or fifty cents – they have no competitors who might take business from them by offering a better price.""

The Derby has some of the highest prices in the state.

The city is just trying to level the playing field and make a point.

Barney

Last edited by Oerets; 07-19-2014 at 08:36 PM.
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