Forums59
Topics1,041,280
Posts13,997,193
Members144,251
|
Most Online39,925 Dec 30th, 2023
|
|
Re: Price Gouging?
[Re: machinist]
#13537224
04/28/20 10:35 AM
|
Joined: Feb 2004
Posts: 28,429
Okie Poke
TFF Guru
|
TFF Guru
Joined: Feb 2004
Posts: 28,429 |
Check this here in Graham reg. gas is $1.78 a gal. 60 miles North in Wichita Falls it is $1.21. Not sure how much it is in DFW but I am guessing it is about like Wichita. I believe 57 cents a gal. Difference is probably considered price gouging. Yes, that's gouging. All depends on competition. Maybe all the little stations in Graham got together and created that monopoly, having to pay more for the convenience. Can't do that in bigger and more competitive environments.
😎 Dallas Cowboys....eventual Superbowl Champions 😎
|
|
Re: Price Gouging?
[Re: Spiderman]
#13537262
04/28/20 11:31 AM
|
Joined: Nov 2009
Posts: 39,545
Dan90210 ☮
Jr Deputy Dan
|
Jr Deputy Dan
Joined: Nov 2009
Posts: 39,545 |
If you have traveled much to areas of the Country immediately after natural disasters (tornados, hurricanes, fires) you would see immediate price gouging everywhere you turn.
Not so much with fuel costs because FEMA will step in there, but hotel rooms, restaurants, grocery stores. It's not uncommon to pay double the price prior to the disaster. This will usually last for 45 days. Competition has been eliminated due to the disaster. Make a small fortune off of your fellow man.
Isn't that what Capitalism is all about. Taking advantage of your situation to maximize profits?
If you think other wise you are just naive.
I never thought Spiderman would support price gouging.
|
|
Re: Price Gouging?
[Re: donothin]
#13537266
04/28/20 11:35 AM
|
Joined: Sep 2009
Posts: 16,247
steveiam
TFF Guru
|
TFF Guru
Joined: Sep 2009
Posts: 16,247 |
I don’t know where some of you guys are buying gas but where I’m at I have several gas stations I can go to if I don’t wait till I’m empty before I buy gas- Some are more expensive than others and I have a choice to buy there or not-
Who would have thought?
What has happed to you does not define who you are-
HOW you react to what happens to you DOES!
|
|
Re: Price Gouging?
[Re: donothin]
#13537298
04/28/20 11:58 AM
|
Joined: Sep 2005
Posts: 27,624
Uncle Zeek
aka "Dad"
|
aka "Dad"
Joined: Sep 2005
Posts: 27,624 |
Should you be able to increase the price to off set the times when you sold at a loss?
Thoughts? The times you sold at a loss aren't relevant to now. What your profit margin needs to include is enough to cover the risk that you may not get any more product at all, or that your supply chain may be interrupted and you'll have periods of time with empty shelves and nothing to sell. Is it price gouging when you pay $5 or more for a 16 ounce bottle of water inside a sports event or theme park? How about $10-$12 for a whole case at a grocery store during supply interruptions, even though you can sometimes get them on sale for $5? If I were a retailer again, I'd need enough profit to ensure that I would continue to stay in business after things had settled. Being "socially responsible" does no good if you end up drawing unemployment.
"Decency is not news; it is buried in the obituaries --but it is a force stronger than crime" ~ Robert A. Heinlein Artim Law Firm, PLLC Estate planning & tax attorney AND 07/02 FFL 2250 Morriss Road, Suite 205, Flower Mound, Texas 75028 972-746-0758 mobile zac@artimlegal.com
|
|
Re: Price Gouging?
[Re: donothin]
#13537302
04/28/20 12:00 PM
|
Joined: Mar 2004
Posts: 8,791
Roller22
TFF Celebrity
|
TFF Celebrity
Joined: Mar 2004
Posts: 8,791 |
I think there is more price inflation in the hotel/motel business than any other. Disasters, holidays, graduations, etc. have them raising rates a large % more than normal times.
I Thes. 5:16-18
|
|
Re: Price Gouging?
[Re: Dan90210 ☮]
#13537307
04/28/20 12:02 PM
|
Joined: Sep 2006
Posts: 10,117
Spiderman
TFF Guru
|
TFF Guru
Joined: Sep 2006
Posts: 10,117 |
If you have traveled much to areas of the Country immediately after natural disasters (tornados, hurricanes, fires) you would see immediate price gouging everywhere you turn.
Not so much with fuel costs because FEMA will step in there, but hotel rooms, restaurants, grocery stores. It's not uncommon to pay double the price prior to the disaster. This will usually last for 45 days. Competition has been eliminated due to the disaster. Make a small fortune off of your fellow man.
Isn't that what Capitalism is all about. Taking advantage of your situation to maximize profits?
If you think other wise you are just naive.
I never thought Spiderman would support price gouging. I was saying this from the point of view of working as an insurance adjuster and having to be onsite the next day after a disaster. I was in New Orleans after Hurricane Katrina and the hotel doubled their rate over night to $215.00 per night. I complained but still paid the rate because they had electricity and running water when other hotels didn't It happens in every disaster that I have ever been to. .
The Truth is six of the seven Dwarfs are not Happy!
|
|
Re: Price Gouging?
[Re: Roller22]
#13537331
04/28/20 12:29 PM
|
Joined: Oct 2006
Posts: 96,474
Bigbob_FTW
Big Sprocket Bob
|
Big Sprocket Bob
Joined: Oct 2006
Posts: 96,474 |
I think there is more price inflation in the hotel/motel business than any other. Disasters, holidays, graduations, etc. have them raising rates a large % more than normal times. same with rental cars. supply and demand.
FJB
|
|
Re: Price Gouging?
[Re: Okie Poke]
#13537352
04/28/20 12:39 PM
|
Joined: May 2007
Posts: 40,840
WAWI
TFF Guru
|
TFF Guru
Joined: May 2007
Posts: 40,840 |
Check this here in Graham reg. gas is $1.78 a gal. 60 miles North in Wichita Falls it is $1.21. Not sure how much it is in DFW but I am guessing it is about like Wichita. I believe 57 cents a gal. Difference is probably considered price gouging. Yes, that's gouging. All depends on competition. Maybe all the little stations in Graham got together and created that monopoly, having to pay more for the convenience. Can't do that in bigger and more competitive environments. Yeah, we have a bit of that, if you get gas at the 3 stations in aledo they are usually 20 to 30 cents more than the interstate gas stations. I dont know if I'd call it gouging so much as convenience fee.
|
|
Re: Price Gouging?
[Re: donothin]
#13537362
04/28/20 12:43 PM
|
Joined: Oct 2012
Posts: 25,497
ReelBusy
TFF Guru
|
TFF Guru
Joined: Oct 2012
Posts: 25,497 |
Does volume buying affect gas pricing from station to station?
|
|
Re: Price Gouging?
[Re: ReelBusy]
#13537365
04/28/20 12:44 PM
|
Joined: Oct 2006
Posts: 96,474
Bigbob_FTW
Big Sprocket Bob
|
Big Sprocket Bob
Joined: Oct 2006
Posts: 96,474 |
Does volume buying affect gas pricing from station to station? yes.
FJB
|
|
Re: Price Gouging?
[Re: Bigbob_FTW]
#13537374
04/28/20 12:54 PM
|
Joined: Oct 2010
Posts: 14,707
Frenzy
TFF Guru
|
TFF Guru
Joined: Oct 2010
Posts: 14,707 |
no, taking advantage of someones misfortunes is not tolerated in my book How about the poor guy who was having to sell at less than cost of production because of oversupply? That guy isn’t much of a business man he needs to rethink his plan During normal economic times.....charge whatever the heck you want. During a declaration of national/state emergency and a highly abnormal economic situation.....you better be sure you don't jack your prices up excessively to take advantage.....it's not rocket science.
|
|
Re: Price Gouging?
[Re: donothin]
#13537382
04/28/20 01:00 PM
|
Joined: Oct 2006
Posts: 96,474
Bigbob_FTW
Big Sprocket Bob
|
Big Sprocket Bob
Joined: Oct 2006
Posts: 96,474 |
three words. cheaper than dirt.
FJB
|
|
Re: Price Gouging?
[Re: donothin]
#13537392
04/28/20 01:05 PM
|
Joined: Nov 2011
Posts: 7,283
beartrap
TFF Celebrity
|
TFF Celebrity
Joined: Nov 2011
Posts: 7,283 |
when exxon gives their chairman a 5 million dollar retirement bonus....we have all been gouged....
|
|
Re: Price Gouging?
[Re: John Peebles]
#13537421
04/28/20 01:19 PM
|
Joined: Apr 2004
Posts: 14,224
Stump jumper
TFF Guru
|
TFF Guru
Joined: Apr 2004
Posts: 14,224 |
A lot of price gouging going on here in New Braunfels with gas prices. Retailers know they are not going to have the summer crowd this year and are charging the locals 20-25 cents a gallon higher than the price in Schertz, which is only about 10 miles away. Not 20 to 25 cents here but drive east 10 miles from Fate to Caddo Mills and gas is almost always 10 dents or more less. Even the Shell station that competes with truck stops is lower. If you want to see relatively high gas prices drive 281 between Cleburne and Lampassas. Glen Rose, Hico, & Hamilton are always much higher than further south. I never buy gas in those towns.
2200 Bay Champ/200 Mercury Optimax 2017 Tundra TSS 4x4 Crewmax 5.7L
|
|
Re: Price Gouging?
[Re: donothin]
#13537455
04/28/20 01:35 PM
|
Joined: May 2008
Posts: 3,868
donothin
OP
TFF Team Angler
|
OP
TFF Team Angler
Joined: May 2008
Posts: 3,868 |
We have a very ;prominent station here that does not appear to be associated with any brand of gas. It is interesting to me that they charge significantly more at some stations than others withing a mile of each other. They always meet the competition of walmart or Stripes if they are within sight of them. I'm ok with it, I just don't go there.
|
|
Moderated by banker-always fishing, chickenman, Derek 🐝, Duck_Hunter, Fish Killer, J-2, Jacob, Jons3825, JustWingem, Nocona Brian, Toon-Troller, Uncle Zeek, Weekender1
|