Arkansas Blog

I saw one of those Kum and Go stores over near DBI's Fort Baptist. I nearly spit up my coffee. Had to take a pic of that!

I would love to see the price of a gallon of gas traced back through the distribuition system immediately after one of these 'jumps'.

Who decided that there could possibly be a shortage? Where in the pipeline was it necessary to raise the price?

Me thinks this whole energy thing is the most blatant and fantastic scam every done anywhere, anyway in the history of mankind.

Gouging is Ten Percent?

All the Shell stations I saw in in west Little Rock were charging $3.58 per gallon last Friday morning at 7:30 AM and then were charging $3.95 a couple of hours later the same morning - that's a 10.3% increase with no fuel deliveries or any other factors other than hyped fear. Sure feels like gouging to me.

So, before any damage occurs, the pump prices get immediately jacked just on the phantom possibility of refinery and drill rig damage and shortages. And now that we know any significant impact was nominal at best - and the storm is past, several days in the rear view mirror - the prices remain at the threatened catastrophe level of $3.95 or even increased further to $3.99.

What's little Dusty going to do about that?

Nothing.

Paper Tiger.

It's part of a pervasive kick 'em while they're down business mentality that even our most trusted companies have adopted. Gas prices on I-30 were $3.95 this morning. Off I-30 they were $3.79. Obviously taking advantage of travelers on their way back to Texas. The victim pays more than the unaffected.

Let pretend this is not a scam for a moment.

I wonder what the distributors replacement cost are when he has to renew his 'bulk' storage?

He gets to raise the price of what's in the outlets tanks immediately but what does he pay when his 'tanks' are resupplied?

Bet you cannot find out short of a court order.

Alligator they have an accounting-costing method that will wipe out most of Dusty's charges. It's called
LIFO costing, meaning last in first out. However the method can be a two-edged sword. LIFO reflects current costs but when inventories do in fact reach low levels then merchants are forced to go into older, levels with lower cost units while prices are high. This was the case in the late 70s when oil companies did have a real shortage due to cut back on OPEC quotas but prices had soared so their profits were soaring and so were their taxes.

That was B.C. or Before Cheney when oil companies could survive on regular depreciation rates and depletion allowances AND did not receive billions per year in taxpayer subsidies.

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Hey Donkey, how many subsidies has your business received these past 6 years?

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I would rather the oil run completely out before anyone made a penny profit.
The cost of pumping it out of the ground hauling it to the refinery and hauling it to the gas stations is all, mind you, all of what the cost should be.. no body has a right to make a profit form something they do not own. It is the biggest scam and gouging the world has ever seen.

I would rather the oil run completely out before anyone made a penny profit.
The cost of pumping it out of the ground hauling it to the refinery and hauling it to the gas stations is all, mind you, all of what the cost should be.. no body has a right to make a profit form something they do not own. It is the biggest scam and gouging the world has ever seen.

Chasv,
If you go to say Colorado and find a spot up there in the mountains where gold is located. You dig it out, clean it off and haul it home. Do you not consider that you own it? If I dug it up and you try to tell me it isn't mine, we go to war. Granted the prices of everything suck from the oil companies that have been gouging us since we started using oil, but they did supply the exploration, the drilling, the hauling, the refining and getting it to where you can buy it. Now before you give them your hard earned money for a tank of gas and it does then become yours, who owns it?

Let's see how many prosecutions come from this and how many are actually convicted. He is doing this for show. Nothing will come of it and he knows it.

I tend to agree with you Strangelove. Most criminal actions by corporations in Arkansas are never more than looked at by the State Government. Who do you consider pays for all their quirks? They are not going to lose that Clubhouse membership and stop driving those Hummers and Caddies.

McDaniel came to NWA about a year ago to announce a big probe into the area's gas prices, which are consistently higher than the rest of the state. His conclusion was something like, well, that's just the way it is. I expect he'll dust off the same press release for this investigation.

Hey Donkey, how many subsidies has your business received these past 6 years?-Posted by: eLwood
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-0-, Nada, Zippo.

JNYJ, are you implying that every person should go drill their own oil well so to cut the cost to the bone so to speak? ARE YOU?
How is searching for gold or silver or diamonds like pumping oil from a few miles down in the earth the same thing.
I guess I need to drill for oil on my land and build me a refinery so then I'll be set for life, huh.
Wake up JNYJ.