Sep 15 2008
So I went to Indy this weekend. Guess where the most expensive gasoline was?! KNOXVILLE.
Everywhere else was sub-$4.00, some even as low as 3.49. Thanks guys, keep buying it at super-inflated prices, I’m sure that will make them lower it.
Sep 12 2008
Being that gasoline prices are based on future predictions, it seems that some genius decided that we would be out of gasoline soon. Gas prices have risen from 3.54 to 3.99/gal for Regular Unleaded in the past 4 hours. Some local speculators are even saying that it will go up to $5/gal by the end of the day.
So what do we do about this? Nothing. If you need gas, fine, buy it. If not, well, don’t buy it, it’s really simple. It’s a panic market right now and can be compared to the stock market and how people react under panic.
Usually, when markets fall, the panic sets in and makes people pull their money out. This is stupid. Ever heard of “buy high, sell low”? No, because that’s stupid, but apparently a lot of humans do that. So, at the best time for folks to buy stocks, at rock bottom prices, they pull their money out. Then they wait until they are on the rise again or even at an all-time high to buy again, because it makes them feel good.
Once again, don’t buy gas if you don’t have to. Also, if you want to report a gas station for price gouging (I feel this is reasonable because Knoxville is the only area that I know of so far that is experiencing this threat of a $2 price spike before the end of the day) please do so here: http://gaswatch.energy.gov/
Enjoy the weekend!
