Gas Prices Fixed - Page 3 - Mercedes-Benz Forum

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post #21 of 21 (permalink) Old 04-24-2006, 03:55 PM
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Date registered: Aug 2005
Vehicle: S500/W220/2000
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The Lundburg Report

Libral owner and publisher of the Lundburg Report, Trilby Lundburg, writes a Trilby's Take column, and here is what she said last fall, in reply to the fuss over Katrenia. (The Lundburg Report is w/out a doubt, the most respected energy-related newsletter in the world.)

G O U G I N G -- THE MYTH

Any retailer suddenly hiking street prices should be first presumed part of the solution, not a crook !

For officials and news media to throw the term "gouging" about...is unproductive and short-sighted. This goes for reporters, attorneys general, oil execs, and President Bush.

Sudden price hike is the right mechanism to allocate product, avoid shortage, prevent dangerous garage hoarding of a combustible -- especially at a time of national emergency. Without price hikes panic could happen across the country at any time... and the U.S. gasoline station population could run dry in a single day...

Oil companies freezing prices is another wrong-headed approach, convoluting the free market system of price response to continuous changes to supply and demand.

Don't believe everything you think
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