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DONT BUY GAS ON SEPTEMBER 3RD

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Here's a little something that came my way, that I found interesting.

Don't know how true it is, but I'm going to do it, can't hurt Wink

Don't Buy gas on September 3rd!!!!

Boycotting the gas company will decrease the price dramatically. I've checked into it and if over half the US didnt buy gas for 1 day, the gas companys would be close to bankrupcy!!! So lets show them how to lower gas prices. So repost this to all your friends. We have to get the word out.

It's NATIONAL DON'T BUY GAS DAY

So repost it!

**NOTE: also, after the 3rd, boycott EXXON/MOBILE gas stations, DO NOT purchase gas at these stations. if you boycott them and they lose enough business, they will lower prices, therefore initiating a price war with other companies. if everyone participates in this, we will see gas go back down to where it should be.** so please copy and past this on your bulletins of your main page, your groups, and everywhere else you possibly can!

Message is carried out by http://www.motomodders.net/Default.aspx?g=posts&t=9965

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It's true. If all of america would NOT buy gas for 1 day, the boycott of the fuel would make the prices drastically decrease. Because of the simple supply and demand, this would work.. Unfortinatly you'll never get everyone to listen.. Its not american.

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I hadn't heard about the boycott but now I will support it.But let me give the way to really affect gas prices by supply & demand.Figure out the gas you use in two days; for most this is not a full tank.for this case lets say half a tank.If this was done by everyone continually then the petroleum doesn't have the storage it usually does in the empty half of the your tank.This means they have to have tanks to store it when their storage tanks get full & petroleum barges are still coming in they have to drop the price to get people to buy more.The mistake that is made is when the price drops people go ahead & fill up.This gives the petroleum back the extra free storage in your vehicles tank.Which helps decrease supply & increases price.If people would continue to only buy Half a tank or less the price would continue to drop.

The exception would be traveling like on vacation.Then fill up.The problem is you have to go get gas more often.But if everyone did this it will work.

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I've checked into it and if over half the US didnt buy gas for 1 day, the gas companys would be close to bankrupcy!!!

Where did you check into it at?

If the gas companies went under (which I don't think they would), guess who will pay for the government bailout...the U.S. taxpayers.

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Not so fast guys.

http://www.snopes.com/politics/business/nogas.asp

Quote from the link above

"First of all, everyone's "not purchasing a drop of gasoline for one day" will not cause oil companies to "choke on their stockpiles." Oil companies run their inventories on a weekly basis, and since the "gas out" scheme doesn't call on people to buy less gasoline but simply to shift their date of purchase by one day, oil company stockpiles won't be affected at all.

Next, merely shifting the day of purchase will not "hit the entire industry with a net loss of over $4.6 billion." Consumers won't be buying any less gasoline under this "gas out" proposal; they'll simply be purchasing gas a day earlier or a day later than they usually would. The very same amount of gasoline will be sold either way, so the oil companies aren't going to lose any money at all. "

Now I've heard boycotting one gas company at a time possibly could work.

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I got a letter on my door in Canada saying the same stuff (copy from some chain email a guy received to not buying gas), but the date was September 1st.. It was a chain letter btw.. I wonder how many ppl would risk running out of gas and using public transport or in the worst case, losing their jobs :D

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jay173  I don't remember a boycot of French products could you tell us when this was?

On the imports paying taxes well thats true . If the products being imported were manufactured in the USA the income taxes on the manufacturer & employees now making the product in the USA. These taxes would be far more that the import taxes.This should lower the income taxes for everyone because more money would be coming to the government than the import taxes were generating.This doesn't count the increase of revenue from sales taxes since American made goods are priced higher in general

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If everyone boycotted gas for one day, then in turn, a mass amount of them would buy it on a different day..lets say..the very next day.  This would cause a demand spike, thus increasing the price again.  So the people sending this email chain around didnt really think about it before they started it.

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Well, this is just a patently naive idea.  First of all oil and gas companies are not the problem.  Nearly 75% of the price of gas comes from 2 things, 1. The price of crude oil (43%) - that's controlled by OPEC not EXXON.  2. State and Federal Taxes (31%).  If you want to lower the price of gas the way to do it, is to lobby your state representatives to lower the taxes on gas.  Not buying gas for one day will have absolutely no effect on the major oil companies.  These companies have Massive (note the capital M) cash reserves.  Push your state and federal representatives to loosen the gas taxes.

Oh, and you all in socialist countries are really screwed.  In England, for example, nearly 80% of the price of gas comes from taxes!! 

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If oil & gas companies are not the problem then why are there profits up so much this year?If 25% pays for everything from the crude barrel to the pump.Let me explain more on why the plan I suggest works.If the oil company storage tanks for gasoline are completly full then the storage tanks for crude get completly full then there is no place toput the crude oil from OPEC in the oil barges.Then they will lower the price until they can empty the storage tanks as much as possible.Opec can't just let the tanker barges just set until they are unloaded either.This is also why the don't start rationing.And Bush is president that is self explatatory.

Of course 1 day boycott won't do this.

I'm all for the states &federal gov. lowering the taxes on gasoline most of it goes to support education the largest business in the USA.But that's another subject.

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jay173  I don't remember a boycot of French products could you tell us when this was?

On the imports paying taxes well thats true . If the products being imported were manufactured in the USA the income taxes on the manufacturer & employees now making the product in the USA. These taxes would be far more that the import taxes.This should lower the income taxes for everyone because more money would be coming to the government than the import taxes were generating.This doesn't count the increase of revenue from sales taxes since American made goods are priced higher in general

Remember Freedom Fries, Freedom kiss (lol, can't think of any others.), etc. a few years ago. People were even boycotting French restaurants.

As for the gas compaines revenue going up, I've heard that smaller stations are making $0.01 for every gallon they sell, almost nothing. Some of these smaller places are even closing. So if the big companies are still charging higher prices to make money, how much should gas cost right now?

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Remember Freedom Fries, Freedom kiss (lol, can't think of any others.), etc. a few years ago. People were even boycotting French restaurants.

As for the gas compaines revenue going up, I've heard that smaller stations are making $0.01 for every gallon they sell, almost nothing. Some of these smaller places are even closing. So if the big companies are still charging higher prices to make money, how much should gas cost right now?

My family owns and runs a gas station/convienance store and I know at her place gas was wholesale about 1.89 a gallon then taxes were about 40 cents a gallon in Texas she made about 4cents profit a gallon. So your post sounds about right.

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Not so fast guys.

http://www.snopes.com/politics/business/nogas.asp

Quote from the link above

"First of all, everyone's "not purchasing a drop of gasoline for one day" will not cause oil companies to "choke on their stockpiles." Oil companies run their inventories on a weekly basis, and since the "gas out" scheme doesn't call on people to buy less gasoline but simply to shift their date of purchase by one day, oil company stockpiles won't be affected at all.

Next, merely shifting the day of purchase will not "hit the entire industry with a net loss of over $4.6 billion." Consumers won't be buying any less gasoline under this "gas out" proposal; they'll simply be purchasing gas a day earlier or a day later than they usually would. The very same amount of gasoline will be sold either way, so the oil companies aren't going to lose any money at all. "

Now I've heard boycotting one gas company at a time possibly could work.

Yup ^^

http://www.snopes.com/politics/gasoline/nogas.asp People amuse me with internet rumours.  :haha:

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Well, as you've said yourself, a one day boycott isn't going to do anything.  Yes of course oil company profits are booming, but NOT because they are gouging us on gas prices.  It's because the demand for oil and gas is higher then it's ever been.  Certainly they have a  right to make a profit on their business.  Last time I checked this is a capitalist society.  The fact is, the price of gas is not going to go down until OPEC lowers the price of crude..........or, until the state and federal authorities lower the tax.  And, in fact, most of the tax on gas does not go to education.  It goes to roads.

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FiosFiend :Well I guess we will have to disagree on the reason for the high gas & oil price.I suggest you track down where the money from the taxes goes.In Texas  It goes for education more than roads like the car tag money does.

Maybe you can explain capitalism to me start out with the reason as an individual it is illegal for me to charge more than 10% per annum on money I loan .These are called usury laws.If an individual charges over 10% he loses not only the interest but the principal.So if we live in a totally capitalistic society why can't I make all the money I can on a loan.

Then explain why insider trading is illegal this in theory would be just allowing an individual or business to make as much profit as possible.

Next why are monopolies illegal like what they tried to charge Bill Gates with ?

How about price gouging laws Like the gas is as far as I'm concerned selling for more than it should due to the hurricane disaster.

Are those enough examples of the limited capitalism in the USA or would you like more?I believe these are enough to prove the USA is not purely capitalistic.

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FiosFiend :Well I guess we will have to disagree on the reason for the high gas & oil price.I suggest you track down where the money from the taxes goes.In Texas  It goes for education more than roads like the car tag money does.

Maybe you can explain capitalism to me start out with the reason as an individual it is illegal for me to charge more than 10% per annum on money I loan .These are called usury laws.If an individual charges over 10% he loses not only the interest but the principal.So if we live in a totally capitalistic society why can't I make all the money I can on a loan.

Then explain why insider trading is illegal this in theory would be just allowing an individual or business to make as much profit as possible.

Next why are monopolies illegal like what they tried to charge Bill Gates with ?

How about price gouging laws Like the gas is as far as I'm concerned selling for more than it should due to the hurricane disaster.

Are those enough examples of the limited capitalism in the USA or would you like more?I believe these are enough to prove the USA is not purely capitalistic.

Okay. I'll take your points one at a time.

1. 72% of the 20 cent Texas state tax on gasoline goes to the State Highway Fund - I would say that constitutes MOST of the money.  24% goes to schools and the rest (4%) is used for administration.  If you don't believe me then check here.  http://www.dot.state.tx.us/moneymatters/moneymatters.htm?pg=motorfuel  It has a very nice graphical breakdown of the spending.

2. Capitalism - An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.  The USA my friend is a close to a purely capitalistic society as your going to find anywhere in the world.  But we do have laws to regulate how business is conducted so as to maintain a fair and free market system.  Charging more then 10% on money loaned is called LOAN SHARKING and it's illegal for a good reason.

3. Insider trading - This is illegal because it gives an unfair advantage to a select few.  That said, I tend to agree that insider trading is not that big of a deal.  I don't really see that there is a victim in insider trading.  It's just they way our trading system is set up.  However, I don't see how that changes the overall scope of capitalism in the USA.

4. Monopolies - These are illegal because they do tend to victimize individuals.  In a true free market system Everyone needs to have a fair shot at success.  When you allow monopolies to exist they can easily shut out competition by controlling the market place.  Bill Gates and Microsoft beat that rap, by the way. 

5. Gas Price - Actually the price of gas is too LOW.  We have a great interstate state highway system that was basically given to us by the US Government and we get to use it for free.  That's actually the definition of socialism.  When the state gives you stuff for free and you don't pay your fair share.  The fact is our current 18 cent per gallon federal tax on gas in no way covers the cost of maintaining that highway system.  I believe that people should have to pay for what they use.  Having said that I would also point out that it is our interstate highway system that has made this country so great in the first place.  However, I'd still love to see lower gas prices.

And btw, I never said the USA was a PURE capitalistic society, I said it was a capitalist society and it is.  The pureest your going to find in the world.

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