OT: WTC changes Ohio
Kneale Brownson
knotnook at traverse.com
Thu Sep 13 17:56:23 EDT 2001
At 10:48 PM 09/11/2001 -0400, David Miller wrote:
>The lines over here an hour north of Cincinnati in a small town of 10k and
>15k students are stretching for city blocks. Last I checked 89 octane was
>around $4 and rising fast. Really dumb for people to panic, gas won't be
>gone when we're rescuing people from rubble. And don't blame the gas
>stations for raising prices - which would you rather have, high prices for a
>short time (till the next shipment of gasoline) or rationing of gas
>instituted by the city and likely not repealed for a week or two?
>Microeconomics strikes again.
There's a difference between "economic rationing" and price gouging. The
oil companies all say there is plenty of supply available. It's individual
station operators who are trying to cash in on a crisis emotion.
In Michigan, the state attorney general is asking for evidence of
gouging. Some of the stations that got up to $4-5 a gallon were offering
refunds after the attorney general's notice.
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