This weekend, I saw gas for $3.99 on Amelia Island, $4.09 in Brunswick, $4.59 in Macon, and $4.20 in Atlanta. This morning, I awoke to sound bites from Sonny Perdue and Saxby Chambliss (who never met a populist position they didn’t like and clearly don’t want to be considered conservative) making sure to warn the public at large to report all “price gougers.”
Super. But maybe they should shut the hell up.
Who is to say that the station in Macon which was charging $4.59 a gallon isn’t engaging in normal, everyday capitalism? Just like when people cry and gnash their teeth when someone sells a chainsaw in a hurricane ravaged area for $1,000.00, the seller is still providing a service. If the demand for that service is high, then the supply diminishes and the cost increases.
No one was jumping up and down when gas was $.89 a gallon in the late 1990’s in Georgia but now all of a sudden the monitoring of prices and profits has to be something that is strictly monitored by Comrade Perdue and Comrade Chambliss.
Allowing prices to freely fluctuate permits opportunists to bring additional quantities of the demanded product into the area where prices are high…thus bringing about economies of scale and resulting in self-correcting action to fix any irregularities.
Next time, gentleman, shut your pie hole. Because remember that station in Macon that was selling for $4.59 a gallon? Five hundred feet away was a guy selling for $4.20 and he was getting all the business.