Gas prices

[RangerX]

Iteresting that the price per barrel has drop ~35% in the past couple months but the price at the pump has dropped only 8%.

Guess the suppliers are in no big hurry to lower the price of gas.

If you could legally sell a product for a larger profit margin what motivation would you need to lower the price?

loss of future sales due to loss of businesss reputation ?

For an individual business, that will apply, but not for an entire industry.

Also, the product is one that, at least in this country, everyone is reliant on, so unless there is a significant decrease in demand, the suppliers get to set the price.

Believe it or not, it's the best way to run things. If the government set price limits or provided subsidies, we would have situations similar to the bread & toilet paper lines in the old USSR.

[RRDTm3]

If you could legally sell a product for a larger profit margin what motivation would you need to lower the price?

loss of future sales due to loss of businesss reputation ?

. If the government set price limits or provided subsidies, we would have situations similar to the bread & toilet paper lines in the old USSR.

So the Gubment intervention into things such as Fannie and Freddie, Bear Sterns and AIG, that wouldn't be the same as helping us out with reasonable gas prices? Oh yeah, supply and demand

[BruteForce]

So the Gubment intervention into things such as Fannie and Freddie, Bear Sterns and AIG, that wouldn't be the same as helping us out with reasonable gas prices? Oh yeah, supply and demand

I find it hard to believe the government decided to become involved in bailing out these businesses.

Now I'm not going to say that I don't understand the logic behind it (unemployed financial execs and the subsequent domino effect), but I find it disturbing that more borrowed billions (from China) are being used (from our tax $) to fund these take-overs and rescues.

[McD]

If you could legally sell a product for a larger profit margin what motivation would you need to lower the price?

loss of future sales due to loss of businesss reputation ?

For an individual business, that will apply, but not for an entire industry.

Also, the product is one that, at least in this country, everyone is reliant on, so unless there is a significant decrease in demand, the suppliers get to set the price.

Believe it or not, it's the best way to run things. If the government set price limits or provided subsidies, we would have situations similar to the bread & toilet paper lines in the old USSR.[/quote]

In reference to the bold:
Guess this doesn't apply to dairy farmers or other agriculture types. The Gov. has been subsidising and setting price limits for ever. We are not a pure capitalist state. Suedo Socialist at best.

[Silverback]

loss of future sales due to loss of businesss reputation ?

. If the government set price limits or provided subsidies, we would have situations similar to the bread & toilet paper lines in the old USSR.

So the Gubment intervention into things such as Fannie and Freddie, Bear Sterns and AIG, that wouldn't be the same as helping us out with reasonable gas prices? Oh yeah, supply and demand

That was the straw...you finally won me over. Down with Bush and up with anyone else.

[RRDTm3]

. If the government set price limits or provided subsidies, we would have situations similar to the bread & toilet paper lines in the old USSR.

So the Gubment intervention into things such as Fannie and Freddie, Bear Sterns and AIG, that wouldn't be the same as helping us out with reasonable gas prices? Oh yeah, supply and demand

That was the straw...you finally won me over. Down with Bush and up with anyone else.

Dick

[RRDTm3]

So the Gubment intervention into things such as Fannie and Freddie, Bear Sterns and AIG, that wouldn't be the same as helping us out with reasonable gas prices? Oh yeah, supply and demand

I find it hard to believe the government decided to become involved in bailing out these businesses.

Seriously?

[IDon'tCare]

So the Gubment intervention into things such as Fannie and Freddie, Bear Sterns and AIG, that wouldn't be the same as helping us out with reasonable gas prices? Oh yeah, supply and demand

I find it hard to believe the government decided to become involved in bailing out these businesses.

Seriously?

I read what he said a few days ago. Sometimes you have to think like a Yankee you Southern boy.

[rgrokelley]

Gee, a little over a week, and gas prices are back to normal.

OK, what is the next thing the US can panic over?

Global warming CRISIS, Housing CRISIS, Stock Market CRISIS, Fat children CRISIS, Unemployment CRISIS...

Yadda, yadda, yadda

[RangerX]

Here in the ATL, we are having serious shortages as people are panicking and filling up every gas powered doodad they can find.

It will probably be another week or two before things around here settle down.

[Jenny Lynn]

Gee, a little over a week, and gas prices are back to normal.

OK, what is the next thing the US can panic over?

Global warming CRISIS, Housing CRISIS, Stock Market CRISIS, Fat children CRISIS, Unemployment CRISIS...

Yadda, yadda, yadda

Ranger Rgrokelley,
Well the latest company needing a bailout is Seattle based WAMU, Washington Mutual, unfortunately I knew that they were going to need to post large mortgage loan write offs when I was doing CPA work for them back in 2005 but could not say much due to confidentiality rules and at risk of losing my license.
The link to the news article about WAMU is at the bottom of this post.

Hang on America because there is a lot more of news like this coming, the handing out of easy credit is over, e.g., say you have an open line of credit attached to your home don't be surprised if in the next few weeks/ months the bank, financial lenders etc send a letter saying we are sorry that LOC you have is no longer available for you to borrow on effective immediately.


http://www.king5.com/business/stories/N ... 790c4.html

[alexleon13]

I need to send my bills to the government and see if they can bail me out of the stupid financial decisions I have made over the years.