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Teach the Sarge about economics real quick...

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  • Teach the Sarge about economics real quick...

    The Sarge has never been good with numbers or economics, so hook a brutha up.

    Yesterday was St. Paddy's Day. In accordance with high demand for a product (Irish beer, Irish whiskey, corned beef, cabbage and red potatoes) all the prices were low(er than normal) leading up to the holiday.

    What was the holiday before that? Valentine's Day? Hugh demand for chocolate, flowers & cards brought out specials and low prices for that day as well.

    The Christmas season always brings out huge sales and low prices on products across the country due to the demand.

    So...if demand drives prices down (due to the high volume of sales being able to bring in the extra money even though there are lower prices) why the eff is gasoline at the pump so effing high? If we have such a huge demand in the U.S. for fuel, shouldn't the prices reflect that demand and be relatively low?
    NRA Life Member

    The police are the public and the public are the police; the police being only members of the public who are paid to give full time attention to duties which are incumbent on every citizen in the interests of community welfare and existence. - Sir Robert Peel

    Every normal man must be tempted at times to spit on his hands, hoist the black flag, and begin to slit throats. - H. L. Mencken

  • #2
    Some might say this is why it's 3.25 a gallon instead of 5.00 a gallon.

    Others (like me) might say it is complete BU** SH** and a fabrication and conspiracy and a bunch of stupid consumers who just don't give a rat's ***.
    The All New
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    (any BBQ and Goldfish Pond member may nominate another user for membership but just remember ..... this ain't no weenie roast!)



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    • #3
      Originally posted by Sgt. Slaughter View Post
      The Sarge has never been good with numbers or economics, so hook a brutha up.

      Yesterday was St. Paddy's Day. In accordance with high demand for a product (Irish beer, Irish whiskey, corned beef, cabbage and red potatoes) all the prices were low(er than normal) leading up to the holiday.

      What was the holiday before that? Valentine's Day? Hugh demand for chocolate, flowers & cards brought out specials and low prices for that day as well.

      The Christmas season always brings out huge sales and low prices on products across the country due to the demand.

      So...if demand drives prices down (due to the high volume of sales being able to bring in the extra money even though there are lower prices) why the eff is gasoline at the pump so effing high? If we have such a huge demand in the U.S. for fuel, shouldn't the prices reflect that demand and be relatively low?
      Prices are high first and foremost because the oil companies can make more money.

      They justify it based on PROJECTED supply problems. Even though the situation in Libya never actually impacted the global oil supply significantly, the oil companies claimed that it had the potential to in the future. Thus causing energy speculators to invest with the assumption that there will be a future supply problem. Prices rose all the while supply was never really impacted in the present.
      Last edited by Cyber_Saint; 03-18-2011, 09:52 PM.

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      • #4
        The price of flowers is higher on Valentine's day.

        The markup on booze is so high that businesses can still make a big profit with lower prices, especially when people drink themselves into oblivion. After all, most bars have a happy hour every day.

        Oil prices are high largely because of increased demand from developing countries and a cartel that controls 40% of the supply of the world's crude oil.
        Facts do not cease to exist because they are ignored. -- Aldous Huxley
        Two things are infinite: the universe and human stupidity. -- Albert Einstein

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        • #5
          Because gas is pretty much a necessity that really doesn't have an alternative, can't put sugar in your gas tank...I don't think Americans are going to start riding bikes to get around, and the people who run the gas industry know it...If we do start doing that then they won't care b/c there will still be a demand for it world wide (especially India and China)...

          Booze is almost always cheap b/c the demand is will always be there, there's almost always a reason for people to drink, there's always going to be money for vices...Also, if Bar A has expensive booze and Bar B has cheap booze people will go to Bar B, so prices are at bars are going to be steady...Same thing with Valentines day, Flowershop A sells expensive flowers and Flowershop B sells cheap flowers, people are going to buy flowers at Flowershop B...Competition steadies the prices a bit, alternatives help too...You don't have to drink alcohol, you don't have to get someone flowers, you don't even have to get anyone a gift...



          There are some gas stations who sell gas a couple cents cheaper then others...





          BTW I filled up today at $3.60...
          sigpic

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          • #6
            Originally posted by Devon
            Tell the Devon why you talk in the third person

            "In anime, girls who are childish or cutesy may refer to themselves in this manner. In older characters, however, it may be a sign of psychological issues, such as a very traumatic event in their past."
            This is typing, not talking genius. The Sarge does not refer to himself in the third person when using his voice to speak or in any other medium aside from a couple internet forums.

            Now your turn - tell the class why you seem to be a huge pryck.
            NRA Life Member

            The police are the public and the public are the police; the police being only members of the public who are paid to give full time attention to duties which are incumbent on every citizen in the interests of community welfare and existence. - Sir Robert Peel

            Every normal man must be tempted at times to spit on his hands, hoist the black flag, and begin to slit throats. - H. L. Mencken

            Comment


            • #7
              Daaaaaaaaaamn!....
              sigpic

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              • #8
                Maybe they need a Gas Day. Oh wait, isn't that already Seis de Mayo?
                Pete Malloy, "The only thing black and white about this job is the car."

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                • #9
                  Originally posted by OneAdam12 View Post
                  Maybe they need a Gas Day. Oh wait, isn't that already Seis de Mayo?
                  Either I don't get it or that is the worst joke I have ever heard.

                  Comment


                  • #10
                    Originally posted by Sgt. Slaughter View Post
                    This is typing, not talking genius. The Sarge does not refer to himself in the third person when using his voice to speak or in any other medium aside from a couple internet forums.

                    Now your turn - tell the class why you seem to be a huge pryck.
                    Daaammmnnnn!

                    You made me spit a mouthful of chocolates left over from Valentines Day all over the case of Irish beer.

                    That was a classic retort. I love it.
                    "Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince" - Unknown Author
                    ______________________________________________

                    "That government is best which governs the least, because its people discipline themselves." - Thomas Jefferson
                    ______________________________________________

                    “There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.” - John Adams

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                    • #11
                      Originally posted by Sgt. Slaughter View Post
                      The Sarge has never been good with numbers or economics, so hook a brutha up.

                      Yesterday was St. Paddy's Day. In accordance with high demand for a product (Irish beer, Irish whiskey, corned beef, cabbage and red potatoes) all the prices were low(er than normal) leading up to the holiday.

                      What was the holiday before that? Valentine's Day? Hugh demand for chocolate, flowers & cards brought out specials and low prices for that day as well.

                      The Christmas season always brings out huge sales and low prices on products across the country due to the demand.
                      A lot of times prices are lower on certain items to get you into the stores and buy stuff you weren't planning on buying.....hence you end up spending more in the long run....

                      When my brother worked as a manger for a grocery store, he said on Thursday's during football season, they would drop prices (still making a profit) on beer/wine/soda but would jack prices up other stuff....

                      So, say you came in and bought a case of beer.....but you started looking around and ended up grabbing items that you might need to watch the game more comfortable such as chips, dip, brauts, cheese, hamburger, buns, steak, etc..... they would jack up those items .....and make a profit from your visit..... and leave you with a happy feeling of getting cheap beer.....

                      And it does work if you think about it. That's why I shop with a list and stick to it....and rarely make spur of the moment purchases......

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                      • #12
                        $100 a barrel for oil= $100 a bushel of grain, problem solved...
                        It's not the will to win that matters...everyone has that. It's the will to prepare to win that matters.
                        Paul "Bear" Bryant

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                        • #13
                          Originally posted by Cyber_Saint View Post
                          Either I don't get it or that is the worst joke I have ever heard.
                          Ya gotta think a little bit.
                          Pete Malloy, "The only thing black and white about this job is the car."

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                          • #14
                            Originally posted by Devon
                            Tell the Devon why you talk in the third person

                            "In anime, girls who are childish or cutesy may refer to themselves in this manner. In older characters, however, it may be a sign of psychological issues, such as a very traumatic event in their past."

                            It is obviously an intent to keep from having a grammatical fingerprint on forums. Just like sully.
                            Pete Malloy, "The only thing black and white about this job is the car."

                            Comment


                            • #15
                              Originally posted by Sgt. Slaughter View Post
                              The Sarge has never been good with numbers or economics, so hook a brutha up.

                              Yesterday was St. Paddy's Day. In accordance with high demand for a product (Irish beer, Irish whiskey, corned beef, cabbage and red potatoes) all the prices were low(er than normal) leading up to the holiday.

                              What was the holiday before that? Valentine's Day? Hugh demand for chocolate, flowers & cards brought out specials and low prices for that day as well.

                              The Christmas season always brings out huge sales and low prices on products across the country due to the demand.

                              So...if demand drives prices down (due to the high volume of sales being able to bring in the extra money even though there are lower prices) why the eff is gasoline at the pump so effing high? If we have such a huge demand in the U.S. for fuel, shouldn't the prices reflect that demand and be relatively low?
                              No worries, Sarge, economics is not intuitive. Just a few things to know though. One is that you always have to consider demand in relation to supply.

                              For example, if there's a high demand but low supply, prices would actually go up. When there's high demand and high supply, prices typically go down. You also have to consider whether within that market there's a lot of competition, just a few competitors (oligopoly), or a virutal monopoloy.

                              In business, there's a thing called "loss leaders" which defy the usual numbers.

                              As for why the price of oil is the way it is, there are dozens and dozens of variables that impact the numbers.....it is highly interdependent on many global factors, whereas the mittens made for your grammy are not.

                              These are for starters ......

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