4 ms·

> So who's doing the price gouging? Oil producers? Distillers? Gas stations? Everyone? Yes, the entire supply chain, at least in my country. It's been news for

> So who's doing the price gouging? Oil producers? Distillers? Gas stations? Everyone? Yes, the entire supply chain, at least in my country. It's been news for quite a while. > Are prices being gouged, Yes and there's a lot of talk of intervention for that reason, even in the US.

benj111 4y ago
Have you got figures to back up your assertions that the entire supply chain is price gouging? Or is this purely on the basis that you're experiencing high prices so anyone that passes on those price rises are defacto price gouging?
- guerrilla 4y ago
  > Have you got figures to back up your assertions that the entire supply chain is price gouging? This a false dichotomy. It's been in the news here pretty much constantly, especially in the financial press, to the point it's common knowledge. I'm neither digging up those articles nor translating them for you though. You'll just have to take my word on it (or not.)
  - tacker2000 4y ago
    So you are not going to substantiate your claim and just say its “common knowledge” and “take my word”? Alright then.
  - benj111 4y ago
    How is it a false dichotomy? Price gouging would show up on the P&L it's very easy to demonstrate. Citing unnamed newspapers and 'common knowlege' doesn't demonstrate anything, or inspire confidence. Petrol stations tend not to be very profitable. Not knowing where you are I can't say whether you're the exception. But as petrol is fungible, unless you're accusing them of collusion or something I don't see how they could price gouge. Same with refineries. So that just leaves the oil drillers. You have got OPEC and stuff, but the average non opec oil drillers have the choice of selling at the market rate or not at all. And I'm not sure how selling at the market rate, be that for massive profits, or a loss is price gouging. Unless you want to devalue the term.

benj111 4y ago

Have you got figures to back up your assertions that the entire supply chain is price gouging? Or is this purely on the basis that you're experiencing high prices so anyone that passes on those price rises are defacto price gouging?

guerrilla 4y ago
> Have you got figures to back up your assertions that the entire supply chain is price gouging? This a false dichotomy. It's been in the news here pretty much constantly, especially in the financial press, to the point it's common knowledge. I'm neither digging up those articles nor translating them for you though. You'll just have to take my word on it (or not.)
- tacker2000 4y ago
  So you are not going to substantiate your claim and just say its “common knowledge” and “take my word”? Alright then.
- benj111 4y ago
  How is it a false dichotomy? Price gouging would show up on the P&L it's very easy to demonstrate. Citing unnamed newspapers and 'common knowlege' doesn't demonstrate anything, or inspire confidence. Petrol stations tend not to be very profitable. Not knowing where you are I can't say whether you're the exception. But as petrol is fungible, unless you're accusing them of collusion or something I don't see how they could price gouge. Same with refineries. So that just leaves the oil drillers. You have got OPEC and stuff, but the average non opec oil drillers have the choice of selling at the market rate or not at all. And I'm not sure how selling at the market rate, be that for massive profits, or a loss is price gouging. Unless you want to devalue the term.