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The pictures showing up on the news about the range of destruction along the northern Gulf coast of the US are truly staggering. I can only imagine what those who have lost everything are feeling, and those who are still trapped in New Orleans. This really is comprable to the 2004 tsunami.

One has to wonder — will New Orleans end up being abondoned…? I won’t even try to touch the issues involved — they’re going to be highly complex. I’m sure those debates will rage for quite a while.

The outpouring of volunteers from all over this country is a testament to the human spirit. I cannot donate my time and stength, but I can donate my money. Hopefully, it will help at least in some small way. I encourage anyone who has the means to donate something to the relief effort to do so.

One thing that bugs me is that I had to pay $3.40 for a gallon of gas yesterday. I understand that there are going to be complex economic pressures resulting from the temporarily diminished importing and refining capabilities, but to go up just about a full dollar in one day strikes me as price gouging. Don’t the oil companies have enough money already? It seems like the sudden, dramatic increase in gas prices is only fueling the fire (pardon the pun) of panic and helplessness in the wake of this tragedy. At the very least, couldn’t they have either waited a few more days before increasing their prices, and/or executed a much more gradual increase, say, over the course of a week?



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Comments (2)


I’m with ya on the gas thing, but I think it’s a cash flow issue. I don’t know a whole lot about gas station as business model, but I assume they’re small businesses - basically mom-and-pop franchises. Prices are going up at the wholesale level immediately, because the refinery shutdown is going to restrict supply in the very near future. I bet that the average gas station owner doesn’t have big cash reserves to deal with the wholesale price increase, so they have to generate cash by raising prices now.

That rationale notwithstanding, gas prices tend to not have a Gaussian distribution around a maximum price; prices spike quickly and decrease gradually. Demand for gas is fairly inelastic in that we must have a very large price change in order to effect any change in demand, so that behavior makes sense.


LOL at least you can FIND gas!!!!

Since my little putt-putt only holds 8 gallons of gas and I drive 26 miles one way…well, you can do the math. I’m going to have to start staying at a co-worker’s house 5 miles from school a couple days of the week unless the supply stabilizes.

Most gas stations refill on Thursdays prior to the weekend; that’s usually when prices are adjusted as well. Just my .02

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