- Report: #155649
Complaint Review: Philips 66 - Las Vegas New Mexico
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Philips 66
North Grand Ave. Las Vegas, 87701 New Mexico, U.S.A.
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Phillips 66 ripoff mark up of gas already in tank by 25 cents a gallon Las Vegas New Mexico
Have you noticed how when someone farts or they think something "might" happen gas goes up. Now with the Hurricane they think they are justified. But guess what, it takes many days for any problem in supply to reach the consumer. Guess what, the price of gas goes up at the pump within hours. My station Phillips 66 pays for a delivery in their tanks at a given price. They say they only make 3 cents a gallon. Look for a reason any reason, a light bulb burning out, and as do all stations, they raise the price, like 25 cents on that already paid for gas. So they are now making 28 cents a gallon. This is a Rip Off. There is no shortage of oil ,gas or greed.
There is no reason for an industry to make more refineries if the investment required will lower the price. That would be a loss of control. The Oil industry made a 38% increase over last years profits. Don't feel sorry for any Oil involved greed mungers. Maybe someone should make money by selling stickers to put on pumps "Rip Off Don't take it Quietly". They think we are stupid.
George
las Vegas, New Mexico
U.S.A.
There is no reason for an industry to make more refineries if the investment required will lower the price. That would be a loss of control. The Oil industry made a 38% increase over last years profits. Don't feel sorry for any Oil involved greed mungers. Maybe someone should make money by selling stickers to put on pumps "Rip Off Don't take it Quietly". They think we are stupid.
George
las Vegas, New Mexico
U.S.A.
3 Updates & Rebuttals
Jason
Simpsonville,South Carolina,
U.S.A.
Price gouging
#2Consumer Comment
Thu, September 01, 2005
There are only a few states where "price gouging" can happen right now. Those are states that are under a declared state of emergency. By definition, price gouging can ONLY happen during a state of emergency. So, everyone, stop throwing the price gouging line around, unless you're in an area that is under a state of emergency. Price fixing doesn't apply either, because it requires a coordinated effort to artificially set prices. There is nothing illegal about raising your prices in response to a competitor. If you're selling gas at $2.99 and the guy across the street goes to $4.00, so you go to $4.00, that's not illegal. If you and the guy across the street meet and agree to raise your prices to $4.00... That's illegal. Right now, it's supply and demand. Here in SC, demand is high and supply is short. We have many stations with no gas to sell due to the pipeline being shut down. There's one set of stations charging $4.79/gal in a town called Clinton (Midway between Greenville and Columbia). They're well within their rights to do that. It's not price gouging becuase there's no state of emergency, and it's not price fixing because they're the only ones doing it and they're not in collusion with others. That being said... I certainly hope people remember the stations that raise prices like that, and hope that they refuse to shop at that location now and in the future. That is your weapon. Stations need to learn that we will bust their asses. Much like Michael Graham, the Dixie Chicks and others learned, while this country does have freedom of speech, all that means is that you can't be prosecuted for speaking your peace. It doesn't mean that you won't be held accountable by the American people for what you said. In the same vein, while you can charge what you wish for gas legally, we will remember and we will make YOU pay down the road.
Mike
Radford,Virginia,
U.S.A.
That gas has to be replaced, though.
#3Consumer Suggestion
Thu, September 01, 2005
Think of it this way. If for some reason the wholesale price goes down, and the station across the street purchases a new supply at the new price, they could lower their price. But the Philips station is sitting on a nearly full tank of gas that cost them the old high price. They have to lower the retail price immediately or everyone would go across the street. So as soon as the wholesale price increases, everyone likewise must follow it, or they will get burned should the wholesale price go down. Only in very isolated case can there be price-gouging at the retail level. The problem is that the suppliers are jacking the price up. The price of gasoline is set by investment speculation. It really has little connection to any economic reality.
Dave
Rumney,New Hampshire,
U.S.A.
We're only stupid if....
#4Consumer Comment
Thu, September 01, 2005
A bottom line, is what can we do? They have us by the short hairs! Talk now is $4 very soon. They could raise it to $6, and what can we do? This morning, $2.58; this afternoon, $2.89; this evening, $3.10. Record prices - record profits.
