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Why do gas prices keep going up when demand is down?
2 years ago | 1124 views | 2 2 comments | 5 5 recommendations | email to a friend | print
A story by The Associated Press recently said there is currently a surplus of gasoline demand is down.

But, Tuesday morning, gasoline in Logan County and surrounding areas skyrocketed 20 cents from $2.15 a gallon to $2.35 for a gallon of regular unleaded gasoline.

This is an obvious case of price gouging. The price of oil went up a few cents last week. In nearby Pikeville, Ky., just about 50 miles south of Logan, the price went up from $1.98 to $2.05 a gallon.

Two days later, the price of gasoline in Pikeville dropped from $2.05 a gallon to $1.96 a gallon. The entire time that gas prices were fluctuating in Pikeville, though, they never budged from $2.15 a gallon over here in Logan County. Instead of dropping the price of gas when oil went down and then raising it when it went back up, the Logan County gas stations kept it high throughout that time and then hiked it 20 more cents yesterday.

This appears to us as a ploy to slowly raise the price of gasoline back to the nearly-unaffordable levels it reached last year when it went over $4 a gallon.

It’s greed and gouging like this that has caused the economy to be in such a tailspin.

Shame on the gas companies for being so greedy and making it tough for people here in the coalfields to afford to travel to and from work, the store and the doctor’s office.

There just doesn’t seem to be any relief to the pain we’re suffering at the pumps.
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LK
|
May 08, 2009
Gas Stations owners in Logan, and surrounding counties should be ashamed of theirselves, it's not enough that the President, and our Senators, are walking on us, they want in on it too. I use to think it wasn't the stations and owners, fault for the gas hike. BUT now I DO.
hollowman
|
May 07, 2009
About the gas prices.Haven't you noticed that every time a holiday comes up those greedy pigs raise the price of gas to fill their greedy pockets? Its just a little over three weeks until memorial day comes up. How many more times do you think gas prices will raise between now aand then. And no elected official will say or do one thing about it.Just like the ones i have called to see why we can't buy a box of shells.No one knows why. I think it's one the first steps into socialism or maybe communism.The high gas prices destroyed our economy during the last administration and no one did anything about it now the same thing is happening again.this administration is more interested in taking our rights one at a time because they think we are too stupid to notice.So AMERICA keep turning your heads and ignoring it and pretend it will go away. hollowman
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