Updated 091308

The owner of a small very popular local store on Central Ave. in Butner yesterday evening stated (with fax in hand) that the wholesale price list from their gas distributor quoted $5.34 per gallon for regular gas;  That’s wholesale! Then stated that once supplies run out the store would not be in the gas business until the prices come down.  If the store was to order at those prices to restock gas it would cost over $50,000 at the point of sale.  Makes you wonder who is gouging who?  Since most gas ready for immediate shipment is on its way to the mid-Atlantic destinations and there is no shut down of the flow why are the distributors escalating the prices at this point?    

This is the craziest thing I have seen in a while folks. Consider this from WRAL;

The gas prices above are from a Texaco station on Arendell Avenue in Zeublon charged $4.39 for a gallon of regular, unleaded gas on Friday, Sept. 12, 2008. The statewide average, though, hung around $3.68 a gallon. The approach of Hurricane Ike to Texas sparked fears it would damage oil refineries and cause a spike in gas prices.

Gov. Mike Easley on Friday implemented the state’s price-gouging law as gas prices jumped amid fears that Hurricane Ike would cripple U.S. refining capacity. More

This is a clear sign of things to come with people/businesses taking advantage of a bad situation. The thing that gets me is; How does the price for the gas in the tank at the station (any station) go up overnight? Can somebody explain that? I have wondered this for a while.

The only way we as consumers can stop this illegal activity is to 1. Stop shopping with the folks who price gouge and 2. Report their sorry asses, End of story.

Here’s how to take action and complete with the Price Gouging complaint form

North Carolina Attorney Generals Office Contact information

Office number 716-6413 or 1-877-5-NO-SCAM

This activity has to stop!