[AT] possibly OT scrap prices---Wally gas

[charlie hill]

David,  I agree that $5.00 was a bit high but I'm going to defend the 
actions of some of the stations on the day of the storm.  The store near my 
house went from $3.79 to $4.39 in 1 hour.  He never ran out of gas and 
didn't have any lines.  Others in town went up to about $4.  and had lines 
out in the street and lots of problems.  It happens that I was working for 
an oil jobber that day.  His driver told me that the price at the terminal 
that morning jumped to $4.15 wholesale to the jobbers.  That doesn't include 
the hauling, the 44 cents of NC and US tax or any overhead or profit.  So 
$4.39 really wasn't out of range.  In fact if he hadn't had some gas already 
in his tanks he would have been loosing money at that price.  By the end of 
the day he had cut his price back to $4.29 and then the next morning to 
$4.19.  The folks that kept selling cheap on the storm day sold out and then 
were selling at about $4.20 or so when they got another load.

I think that the guys that raised the prices helped to stop the panic buying 
and made it possible for folks that have to have gas on a daily basis to 
still get some instead of having all of it packed in the tanks of old ladies 
who don't burn a tank a month.

>From what I hear the reason that some stations here in eastern NC don't have 
gas today isn't because they can't get it but because they don't have a 
contract price locked in and can't compete with the guys that do.    They 
don't want to pay $4.00 + and put it in their tanks to sit there while their 
competitors sell at $3.60.  That is what the folks at Sheetz stores told our 
local news folks concerning their new store in Greenville NC.

Charlie
----- Original Message ----- 
From: "David Bruce" <davidbruce at yadtel.net>
To: "Antique tractor email discussion group" <at at lists.antique-tractor.com>
Sent: Wednesday, October 01, 2008 11:38 PM
Subject: Re: [AT] possibly OT scrap prices---Wally gas


> John,
> In the Winston-Salem area we sill have spotty supplies - maybe a third
> of the stations are dry at anyone time - apparently it is much worse
> around Charlotte.
> Given the nature of the panic buying the other Friday I'm surprised the
> local situation isn't much worse.  There are several local retailers
> facing legal problems under the price fixing law - many of them sold gas
> for more than $5.00/ gallon that day - after starting the day at $3.85/
> gallon or so.  Of course they were the only stations that had any gas at
> the end of the day.
> David
> NW NC
>
> John Hall wrote:
>> Not to start a bad fuel argument but back when gas was cheap at $1.75, I
>> wouldn't use Wally world gas here. I knew several folks (including 
>> myself)
>> that wouldn't buy it because it gave really poor performance and mileage.
>>
>>  Don't know if the lack of fuel in your area has anything to do with the
>> shortage here--they reported 80% of the stations in Charlotte were out
>> yesterday. Supposedly we'll have plenty of fuel in the next couple weeks.
>>
>> John
>
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