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Pastimes : CNBC -- critique.
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To: Ted David who wrote (14085)9/23/2005 11:00:32 AM
From: John Carragher  Read Replies (1) of 17683
 
Ted... terrific response to the Cato Institute smart Arse this morning. I found him way out of line with witch craft pricing comments etc.

You have both feet on the ground (as always) about the dealer gouging the public. The inventory in the ground at the service station is on credit with the major oil company. There is no need to mark up prices on gasoline when these dealers have not lost a dime on any future sales. When the next delivery comes in then dealers should mark up enough to cover cost of gasoline, service station overhead, and some profit.

The prior load will be paid for from past sales and the new load of gasoline will be paid after the dealer sells out his load at the new posted prices.

Cato excuse to mark up prices to $6. a gallon in Georgia was insane. Price should not be used to control volume , allocations should be used to protect a run on the gas by those who can well afford to continue to drive the large suv's etc and could care less about an extra one or two hundred bucks a month for gasoline. If the dealers maintain prices and cut hours of pumping operation or cut the amount of fill up to only ten gallons then lower income people will not suffer. The suv will quickly get parked in the garage rather than spend double the time in service stations getting gasoline.

Gasoline is like electricity, home heating oil if the oil industry with the help of think tanks like Cato feel price at will then we do need gov to step in. I cannot condone huge price increases for a commodity that the public requires to make a living. I vote for allocations and jail time for anyone gouging prices.
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