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[quote]QUOTE: Originally posted by n012944 [quote]QUOTE: Originally posted by futuremodal [quote]QUOTE: Originally posted by n012944 [quote]QUOTE: Originally posted by MichaelSol National Petrochemical and Refiners Association: [/quote] Now if you are going on about price gouging in an industry, why on earth would you use oil companies as an example??? I get it, its the railroads fault that I paid $3.05 a gallon to fill up my car today. 1st it was Katrina, then Rita, then tensions in Iran, and now the railroads. Give me a break. Bert [/quote] Bert, The reference to the petroleum industry was in the context of it being subjected to captive rates, aka roughly 50% of the industry is captive to one Class I railroad. Whether the oil industry itself also engages in captive pricing or not was not the issue. However, if you know of ANY locale that only has one oil company offering, please let us know. I know that there are scads of small towns (under 1000 population) that have only one local source of fuel, but of course they are not that far (10 to 15 miles) from larger towns that have several fuel sources. Unless you are walking down to the fuel pumps to fill your gas cans for your lawn mower, most small town residents have no problem filling their tanks at any number of fuel stations. [/quote] Considering oil and most of its by products very easily shipped by either pipeline or truck(oh yea I forgot railroads don't compete with trucks) they have many options. If they do not like the price that the railroads give use something else. Also as you pointed out there are many places with only one fueling station in the area. If the next fuel source is only 10-15 miles away, is it worth using a gallon of gas round trip to save $0.10 a gallon? The oil companies know this, and as a result have many people "captive." Bert [/quote] Most petrochemicals are specialized products not fit for transportation by pipeline, thus rail is usually the only option.
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