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In The News Discuss political issues as they come up in the news.

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Old 10-16-2008, 09:19 AM
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Default Gas Prices Plummet for 40 Lucky People

Gas Prices Plummet for 40 Lucky People
by RS Davis
The Freedom Files




Hello Freedomphiles! Last week, I wrote about how and why gas prices were dropping, saying that the laws of supply and demand aren't suspended simply because a lot of people choose to buy a product. Gas prices have dropped, on average, 78 cents in only four months.

Except at one gas station in Wisconsin, where it dropped $3.08 in one afternoon. The sign said gas was $3.43, but an absent-minded clerk with no respect for the almighty decimal point set the pump at $0.343.

When customers noticed the mistake, they dropped everything, went inside, and let the clerk know what had happened.

Right.

Actually, they called all their friends, and thirty to forty people showed up within an hour and half to fill up their tanks, getting 200 to 300 gallons of absurdly cheap gas before the error was caught.

"People kept coming, so fast," station owner JP Raval said. "Everything was crowded; it was like a fairground."

More here.
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Old 10-16-2008, 09:30 AM
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Those people weren't just lucky; as the comments say afterwards, they were dishonest and taking advantage of someone's error.

However, there has been a lot of price-gouging going on and there is no excuse for it so I can understand people grabbing that low price while they could. I figure price-gouging explains the reason for the wide range of prices I saw in Huntsville last week - a low of $2.85 with a high of $3.69 and every price in-between. These were different gas stations I drove past in one day. That's crazy!
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Old 10-16-2008, 05:16 PM
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Wait, it does not matter what it says on the sign. Or was it a computor error?
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