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GasBuddy News Article

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'Price-gouging' investigations equal nothing but hype

GasBuddy Blog -- There are few sure-fire ways for State Attorney Generals and other public officials to garner consumer and media attention that could be any better than an investigation of 'price gouging.'

And unfortunately, for all the noise and hubbub that can be generated over gasoline prices and the prospect of 'price gouging' the rhetoric rarely ever yields any instances where retailers are found guilty and prosecuted.

That's right. It's much ado about nothing. More often than not the politicos issue terrific-sounding press releases and reporters chase after them for fresh quotes and sound-bites and that's the end of that. Who is ever convicted for price-gouging? Nobody.

The latest state to join the list of those investigating...


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Submitted Jul 06, 2012 By: PD
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Author Topic: 'Price-gouging' investigations equal nothing but hype Back to Topics
REPLIES (newest first) Post a Reply
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epf
Champion Author Grand Rapids

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Message Posted: Jul 8, 2012 6:22:07 AM

Headline says it all.
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qwerty17
Champion Author New Jersey

Posts:6,068
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Message Posted: Jul 7, 2012 3:49:28 PM

caveat emptor. if you don't know the price or it's too high, move on.
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puinsai808
Champion Author Honolulu

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Message Posted: Jul 7, 2012 1:24:56 PM

Agreed
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remay
Champion Author Houston

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Message Posted: Jul 7, 2012 12:15:30 PM

It never ceases to amaze me when the price at one station is 30-50 cents different than another one of the same brand just a mile away on the same road!
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ObieDog
Champion Author Maryland

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Message Posted: Jul 7, 2012 11:25:26 AM

Use GB and don't patronize unethical stores.
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bigmoo63
Champion Author Kalamazoo

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Message Posted: Jul 7, 2012 9:53:05 AM

Amazing what a couple bucks under the table does. It all goes away.
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rippertoo
Champion Author Tacoma

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Message Posted: Jul 7, 2012 5:01:15 AM

They've never gone anywhere.
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amteb
All-Star Author Toledo

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Message Posted: Jul 7, 2012 4:57:29 AM

Been going on for a long time
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tomok
Champion Author Portland

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Message Posted: Jul 7, 2012 4:53:02 AM

We know price gouging is going on because we see it in front of our face, close up. Investigations will never find any wrong doing because Big oil and the refineries have been doing it for such a long time, they know what to do and how to cover it up. In an emergency situation, retailers will charge what they want and you will pay for it. It does not matter if an emergency situation has been declared or not. And nothing ever comes of these investigations and nothing will!
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost.
The price of fuel at the pump is too high!
12/22/2012!
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OaklandInvaders
Champion Author San Jose

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Message Posted: Jul 7, 2012 4:52:24 AM

Get the criminals. Lol. Tax em up
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Blismo
Champion Author Arizona

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Message Posted: Jul 7, 2012 4:51:59 AM

figures
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BigDogOH
Champion Author Cincinnati

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Message Posted: Jul 7, 2012 4:45:19 AM

Sounds like payoffs to me
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animal63
Champion Author Indiana

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Message Posted: Jul 7, 2012 4:42:32 AM

what if you are not a business?
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quasar502
Champion Author Lansing

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Message Posted: Jul 7, 2012 4:38:27 AM

The states really should nail some of these guys.
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bby
Champion Author Twin Cities

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Message Posted: Jul 7, 2012 4:35:19 AM

Ok
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DozenSpeed
Champion Author St. Louis

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Message Posted: Jul 7, 2012 4:35:09 AM

Equal votes...
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JSX515
Champion Author St. Louis

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Message Posted: Jul 7, 2012 4:30:54 AM

Whats new?
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1heatguy
Veteran Author Wisconsin

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Message Posted: Jul 7, 2012 4:20:07 AM

OK
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twobroke61
Champion Author Michigan

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Message Posted: Jul 7, 2012 4:18:10 AM

interesting
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gasandgoAL
Champion Author Alabama

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Message Posted: Jul 7, 2012 4:18:07 AM

the attention sometimes works
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MopedTime
Champion Author Michigan

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Message Posted: Jul 7, 2012 4:14:17 AM

Just limit the price increase per day or so.
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ftsgt
Champion Author Illinois

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Message Posted: Jul 7, 2012 4:10:43 AM

very true
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JBL2
Champion Author Little Rock

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Message Posted: Jul 7, 2012 4:10:39 AM

Hard to "gouge" around here when prices are around $3
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ED6
Champion Author Riverside

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Message Posted: Jul 7, 2012 4:09:35 AM

Sounds familiar.
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BANKIS2
Champion Author Phoenix

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Message Posted: Jul 7, 2012 4:07:30 AM

hm
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lenasdude
All-Star Author Alaska

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Message Posted: Jul 7, 2012 4:04:17 AM

Create a problem so you can fix it and get reelected.....
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otherdave
Champion Author Indiana

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Message Posted: Jul 7, 2012 4:04:11 AM

This has been going on for 25 years that I know of and NOTHING GETS DONE!
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DblChek
Champion Author San Antonio

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Message Posted: Jul 7, 2012 4:01:54 AM

earlier
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NavyEOD
Champion Author Los Angeles

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Message Posted: Jul 7, 2012 3:58:47 AM

Sad...
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hybridaholic
Champion Author Appleton

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Message Posted: Jul 7, 2012 3:57:04 AM

Taken to the cleaners again.
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feldagast
All-Star Author Toledo

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Message Posted: Jul 7, 2012 3:56:54 AM

Proposed 28th Amendment to the United States Constitution: "Congress shall
make no law that applies to the citizens of the United States that does not apply
equally to the Senators and/or Representatives; and, Congress shall make no law
that applies to the Senators and/or Representatives that does not apply equally to
the citizens of the United States ."

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chuckwthompson
Champion Author Charlotte

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Message Posted: Jul 7, 2012 3:56:12 AM

Knowing about price gouging and proving it are two entirely different things.
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SparkieMi
Champion Author Kalamazoo

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Message Posted: Jul 7, 2012 3:54:43 AM

Interesting....
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wegman
Champion Author Twin Cities

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Message Posted: Jul 7, 2012 3:49:53 AM

95 times out of 100 (if not more), the market knows better than politicians. (And VERY often the politicians set barriers to competition distorting the market).

And often the event that triggered the emergency also screws up the supply chain giving retailers economic reasons to raise prices.

What you need are more folks like Rudy Gulliani, NYC's mayor at the time of 9/11. Word went out - if you jack up prices, expect the city inspectors to show up - and they will do a VERY thorough job.

How many complaints about price gouging did you hear in NYC around 9/11?
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Tehbob
Champion Author California

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Message Posted: Jul 7, 2012 3:48:05 AM

thats nice
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greshams
Champion Author Cincinnati

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Message Posted: Jul 7, 2012 3:46:33 AM

general public is at the mercy of the billionaires, where puppets on a string to them.
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djgunrunner
Champion Author Salt Lake City

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Message Posted: Jul 7, 2012 3:42:24 AM

Sometimes you know there is a crime. You know who did it but you cannot get the evidence to convict. That does not mean there was no gouging.
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lgwhitlock
Champion Author Chico

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Message Posted: Jul 7, 2012 3:36:55 AM

That falls on us the voters. If we held our law makers accountable then this could change...
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Beaveronparade
Champion Author Hartford

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Message Posted: Jul 7, 2012 3:30:11 AM

I'm also not surprised by this. I do find it sad though. They shouldn't get away with it.
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Gasazhunter
Champion Author Phoenix

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Joined:May 2010
Message Posted: Jul 7, 2012 3:27:41 AM

Alright.
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96EASYRIDER
Veteran Author Dayton

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Message Posted: Jul 7, 2012 3:22:46 AM

I'm not surprised. What else is new?
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Pozole
Champion Author Portland

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Message Posted: Jul 7, 2012 3:22:06 AM

...oh, look at us...we're REALLY watching out for you...honest...
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sehonda
Champion Author Honolulu

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Message Posted: Jul 7, 2012 3:17:48 AM

government is profiting from the high prices
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honkerman
Champion Author San Jose

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Message Posted: Jul 7, 2012 3:17:20 AM

Much writing about nothing.
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ziyulu
Champion Author Austin

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Message Posted: Jul 7, 2012 3:17:05 AM

It also costs us taxpayers to pay for these investigations.
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zachlCA
Champion Author California

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Message Posted: Jul 7, 2012 3:14:59 AM

Wait your saying government doesn't do its job?!?! I am shocked!
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runner74
Champion Author Washington

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Message Posted: Jul 7, 2012 3:14:10 AM

waste of time and tax dollars
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Thomtec
Champion Author Nashville

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Message Posted: Jul 7, 2012 3:12:51 AM

Ok
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goalie1950
Champion Author Phoenix

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Message Posted: Jul 7, 2012 3:11:06 AM

ok
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JagXKR
Champion Author British Columbia

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Message Posted: Jul 7, 2012 3:08:43 AM

Politicians up here also do the sabre rattling about prices with no penalties ever being handed out.
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JimL1
Champion Author Phoenix

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Message Posted: Jul 7, 2012 3:07:39 AM

Make it real. Make it enforceable. Give it a minimum fine of 10 times the amount collected, not the amount of profit. Then enforce it.
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