Remember that this is a reaction to Hurricane Ike and fears of short supply as the storm rips through the biggest refinery complex in the nation (Houston).

There are reports already of rationing here in northeast Florida.

The law of supply and demand will dictate the price.

Anthony
"89 Syncro GL (Hidalgo)

--- On Fri, 9/12/08, Allan Streib <streib@CS.INDIANA.EDU> wrote:
From: Allan Streib <streib@CS.INDIANA.EDU>
Subject: Re: Fuel Price Gouging - Again - It jumped nearly $1 locally here              withing in just a few hours.
To: vanagon@GERRY.VANAGON.COM
Date: Friday, September 12, 2008, 11:19 PM

John Rodgers <inua@CHARTER.NET> writes:

> It's a rip, and ought to be stopped - at least until the next round of
> fuel tanker deliveries. The fuel in the ground was  purchased at prices
> based on sales calculated around $3.50 to $3.60 per gallon. There is no
> justification for this except greed, pure and simple.

Do you feel the same when the mutual fund shares you bought for $X per
share are now worth X + 10?

Gasoline is a commodity.  Prices change all the time.  What someone paid for it
last week has nothing to do with it.

Allan
--
1991 Vanagon GL