3 September 2005
Right up there with Y2k
We saw this before, when the prices first surged over one dollar:
Some gasoline stations are having a particularly difficult time keeping up with soaring prices because their antiquated pumps are incapable of charging more than $2.99 a gallon.
To get around the problem, the stations Friday received permission from the Oklahoma Corporation Commission to use "half pricing," meaning the pump would read half the sales price, and the cost would be doubled inside the store. For example, $3.10 gasoline would be charged at $1.55 at the pump, but consumers would pay the cashier full price.
Anyone who lived through the previous gas crunches could have anticipated this sort of thing, which presumably includes this guy:
"Who would have ever thought prices would get so high we would have to worry about this?" said Vance McSpadden, executive director of the Oklahoma Petroleum Marketers Association.
McSpadden, in fact, owned four gas stations in 1973. He, of all people, should know better.Posted at 10:09 AM to Say What? , Soonerland
TrackBack: 8:38 PM, 3 September 2005
» Petroleum Marketers can be funny. from Engine of the Future
In the Original Rant, I note the following … Cam Edwards interviewed Dan Gilligan, President of the Petroleum Marketers Association of America. When asked if we could be looking at 1977-1980 style gas lines for a few months, Mr. Gilligan respon......[read more]