Comments on: Should gas prices be soaring? http://blogs.reuters.com/felix-salmon/2012/11/01/should-gas-prices-be-soaring/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: traducator daneza romana http://blogs.reuters.com/felix-salmon/2012/11/01/should-gas-prices-be-soaring/comment-page-1/#comment-53773 Mon, 29 Sep 2014 14:06:38 +0000 https://blogs.reuters.com/felix-salmon/?p=19298#comment-53773 Somebody essentially assist to make significantly articles I would state. That is the first time I frequented your web page and to this point? I surprised with the research you made to create this particular submit amazing. Fantastic task!

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By: TFF http://blogs.reuters.com/felix-salmon/2012/11/01/should-gas-prices-be-soaring/comment-page-1/#comment-44386 Sun, 04 Nov 2012 18:06:41 +0000 https://blogs.reuters.com/felix-salmon/?p=19298#comment-44386 @ceanf has a good point. While paying a couple extra dollars per gallon for a couple weeks won’t kill anybody’s budget (might cost them $50 or $100?), it would be a HUGE incentive to ship in supplies. You would have gasoline trucks lining up on the highways for the chance to dump their contents at that kind of a markup (in what is normally a slim-margin distribution business).

Both supply and demand are potentially elastic, and in the absence of a real shortage a modest shift in price ought to rapidly cure any imbalance.

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By: Ted5678 http://blogs.reuters.com/felix-salmon/2012/11/01/should-gas-prices-be-soaring/comment-page-1/#comment-44373 Sun, 04 Nov 2012 03:50:37 +0000 https://blogs.reuters.com/felix-salmon/?p=19298#comment-44373 The argument that people with money would benefit if you allowed prices to rise is easily countered by thinking about the status quo.

Rationing, instead of being performed through the natural pricing mechanism, is instead currently being done through:
1.) Allocating to those with an ability to wait in line for 12 hours
2.) Allocating to those who get gasoline before it runs out
3.) Allocating to those who randomly have the right license plate today (a moronic way to allocate resources, totally inefficient).

Who *has* time to wait 12 hours in line? Well, to be frank, I would hazard a guess that to a disproportionate amount it would be people with nothing better to do – i.e. perhaps people on welfare, and retired people – both groups with little important work to get done.

Who *doesn’t* have time to wait 12 hours in line? People who are trying to get the economy going again, i.e. who are busy getting things done so we can all benefit (don’t we want stores stocked, parts ordered, etc. etc.?)

Having a retired person fill up their entire tank with gas just because they have the time to wait in line doesn’t collectively help us much….but if Gas were simply allowed to rise to some natural level, say, $25/gallon, that retired person might think to themselves…

“hmmm, I guess I can get by on three gallons for a few days…I’ll just buy three gallons for $75.00″.

…and there’d be more for everyone else (such as people running off to a job to get something done so we can all benefit.)

Also note that if you allowed prices to rise, it’s as John Stossel just said recently – it’s like sending up a flare saying “Bring gasoline here” – which helps ameliorate the supply problem further. I’m up north but I would happily drive 20 gallons down there myself if I could get $25/gallon for them! But I’m sure not going to bother for $4.00 a gallon.

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By: ceanf http://blogs.reuters.com/felix-salmon/2012/11/01/should-gas-prices-be-soaring/comment-page-1/#comment-44371 Sat, 03 Nov 2012 19:12:56 +0000 https://blogs.reuters.com/felix-salmon/?p=19298#comment-44371 no one has to buy gas at a given price, and no one has the right to demand that they be sold gas at a given price. think about it this way… what incentive does a gas station owner have to foot the extra price of having some gas shipped in from out of state if he can’t raise the price? what incentive do people have to not buy gas, that a lot of them don’t truly need, when the price remains the same?

the answer is, beyond altruism, there are none when a single ‘price gouging’ law removes all market forces. sure it works fine when there is plenty of gas to go around. but when the time comes that the gas supply really needs to be rationed as efficiently as possible, there is absolutely no mechanism in place. and so these people wallow in stagnation, and blame who ever the media happens to be scapegoating.

there is little to no gas, and you have to wait for hours in cold weather to get it. buy hey, at least its cheap!

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By: y2kurtus http://blogs.reuters.com/felix-salmon/2012/11/01/should-gas-prices-be-soaring/comment-page-1/#comment-44354 Fri, 02 Nov 2012 02:23:48 +0000 https://blogs.reuters.com/felix-salmon/?p=19298#comment-44354 “in my own NYC neighborhood, for instance, there is tragic human suffering right now”

I clicked through the article… I have to be honest… on day 4 it seems much less serious then the ice storm that largely destroyed the electric grid in my state in 1991. My family spent 12 days without power in the heart of the states 2nd largest population center. It was also January rather than November and 400 miles north.

I don’t for a minute mean to diminish the hardship people are facing. To me “tragic human suffering” means the Syrian army launching artillery and airstrikes against population centers or the Japan tsunami which killed 18,000+ rather than Sandy which stole, so far, <100 lives.

As was the case in the tsunami my small relatively poor state is sending funds and physical aid to help those in crisis despite Japan or NY/NJ being richer than my community on average. Not disputing your point about sustained planned unrestricted gifts to the red cross being more useful than crisis gifting… it’s just the best part of human nature to want to respond to a crisis.

Longer term I would LOVE to see some well respected widely followed journalist like Felix to start/further the discussion regarding a big shift from carbon reduction spending to disaster mitigation spending.

The math is simply unchallengeable… nothing the rich nations can do on the carbon front will save even half the increase in emissions by the younger economies over the next 20 years. There is zero argument or debate on that point among any honest climate scientist.

Once you accept that hard truth is it not logical that we should focus resources on projects like the New Orleans levy and anti flooding projects for the NY transit / power systems rather than low carbon energy?

It’s a tough pill to swallow but we’ll get there with a few more Katrina/Sandy scale events.

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By: dWj http://blogs.reuters.com/felix-salmon/2012/11/01/should-gas-prices-be-soaring/comment-page-1/#comment-44347 Thu, 01 Nov 2012 21:08:17 +0000 https://blogs.reuters.com/felix-salmon/?p=19298#comment-44347 How about allowing gas stations to charge whatever they want, but, if it’s higher than the price gouging laws would allow, they’re only allowed to sell 3 gallons at a time. If you really need a little bit of gas, it’s likely that there will be at least somewhere where you can get it at some price, but if you’re rich and simply trying to fill your tank and happen not to care about the price, you’re not going to be able to do that without being inconvenienced in some fashion or another.

I’m a fan of public spiritedness and people helping each other, and these restaurants providing free food and charging stations and wireless are great. I would note, though, that, as you say, there are people filling gas tanks and any container they can find in addition; we cannot entirely rely on public spiritedness. People will hoard and look out for themselves, and we should design regulations in such a way that, while we always leave room for acts of kindness and community, we don’t sacrifice people to wishful thinking.

(Incidentally, I would note one of the differences between the situations: if 25% of people who are capable of offering free food etc. do so, and 75% do not, a lot of people can be helped; the 75% are not hurting other people. If 25% of people buy up as much gasoline as they can get their hands on, people are effectively shut out of the market. If I have to go to four people before I find one willing to give me something, that’s not bad; if I’m simply unable at any price to buy any gasoline, that’s a much harder constraint.)

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By: EpicureanDeal http://blogs.reuters.com/felix-salmon/2012/11/01/should-gas-prices-be-soaring/comment-page-1/#comment-44346 Thu, 01 Nov 2012 19:55:56 +0000 https://blogs.reuters.com/felix-salmon/?p=19298#comment-44346 I continue to fail to understand why, if people are keen to encourage commuting by bicycle, the city or an organization like The Doe Fund does not start installing substantial numbers of bike racks in key commuting destinations like Midtown and Downtown. If I had an easily accessible, secure, public place to lock my bike I would probably commute every non-inclement day I was in town. Amsterdam, which is famously crawling with bike commuters, is loaded to the gills with public bike racks. This, as opposed to bike lanes, strikes me as a cheap, easy, and extremely effective infrastructure fix. What’s the hang up?

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