gas prices rising..

I was on facebook the other day and I was invited to a group that was organized to try and stop the rise of gas prices. I was slightly interested at the fact that people think they can really control the market so I looked at a few of the entries. One person said we should all stop buying gas from exxonmobil. This is was they wrote...

This was sent by a retired Coca Cola executive. It came from one of his
engineer buddies who retired from Halliburton. If you are tired of the
gas prices going up AND they will continue to rise this summer, take time to read this please.

Phillip Hollsworth offered this good idea. This makes MUCH MORE SENSE
than
the "don't buy gas on a certain day" campaign that was going around
last
April or May! It's worth your consideration. Join the resistance!!!!


I hear we are going to hit close to $ 4.00 a gallon by next summer and
it
might go higher!! Want gasoline prices to come down?

We need to take some intelligent, united action. The oil companies just
laughed at that because they knew we wouldn't continue to "hurt"
ourselves
by refusing to buy gas.

It was more of an inconvenience to us than it was a problem for them.
BUT, whoever thought of this idea, has come up with a plan that can
really
work. Please read on and join with us!


By now you're probably thinking gasoline priced at about $2.00 is super
cheap. Me too! It is currently $3.05 for regular unleaded in my town.

Now that the oil companies and the OPEC nations have conditioned us to
think
that the cost of a gallon of gas is CHEAP at $1.50 - $1.75, we need to
take
aggressive action to teach them that BUYERS control the
marketplace..not
sellers.

With the price of gasoline going up more each day, we consumers need to
take
action.

The only way we are going to see the price of gas come down is if we
hit
someone in the pocketbook by not purchasing their gas! And, we can do
that
WITHOUT hurting ourselves.

How? Since we all rely on our cars, we can't just stop buying gas.

But we CAN have an impact on gas prices if we all act together to force
a
price war.

Here's the idea:
For the rest of this year, DON'T purchase ANY gasoline
from the two biggest companies (which now are one), EXXON and MOBIL.

Try to buy from like Kangaroo, BP, Phillip's 66, or Q-Gas.

If they are not selling any gas, they will be inclined to reduce their
prices. If they reduce their prices, the other companies will have to
follow
suit.

But to have an impact, we need to reach literally millions of Exxon and
Mobil gas buyers. It's really simple to do! Now, don't wimp out on me
at
this point...keep reading and I'll explain how simple it is to reach
millions of people!!

I am sending this note to 400+ people. If each of us send it to at least ten more (400 x 10 = 4,000) ... and those 4,000 send it to at least ten more
(4,000 x
10 = 40,000)...and so on, by the time the message reaches the sixth
group of
people, we will have reached over FOUR MILLION consumers.
If those four million get excited and pass this on to ten friends
each,
then 40 million people will have been contacted!

If it goes one level further, you guessed it..... FOUR HUNDRED MILLION
PEOPLE!!!

Again, all you have to do is send this to 10 people. That's all!

If you don't understand how we can reach 400 million and all you have
to do
is send this to 10 people....

How long would all that take? If each of us sends this e-mail out to
ten
more people within one day of receipt, all 400 MILLION people could
conceivably be contacted within the next 8 days!!!

I'll bet you didn't think you and I had that much potential, did you!
Acting together we can make a difference.

If this makes sense to you, please pass this message on. I suggest that
we
not buy from EXXON/MOBIL UNTIL THEY LOWER THEIR PRICES TO THE $2.00
RANGE
AND KEEP THEM DOWN. THIS CAN REALLY WORK.

Keep it going

That's what the creator of the group said. There are over 2000 responses to this guy. I found it quite interesting. I just laughed. Basically, we should all just drive less, but realistically, people are too dependent on cars.

If you have facebook and are interested in checking out this group search "Amazing new way to lower gas prices!"

inflation rose double what was expect last month!

Article link:
http://www.msnbc.msn.com/id/23361598/


Wholesale inflation rates rose one percent last month as opposed to .5 percent which is what was expected. The U.S. Labor Department reported a 1.5 percent increase in energy prices and a 2.9 percent increase in gasoline prices in the past month. In the past 12 months, wholesale inflation prices have since the largest increase; 7.5 percent. This in the greatest increase in over 26 years; since 1981!
The teetering economy is also seen in grocery stores. Retail prices are at an all-time high. "When I first started, bananas were like seven cents a pound, and now they're $1.14," said Ernie Rozo, a produce worker of 37 years. Not only has this affected food prices (where there has been an average of a 1.55 percent increase between December and January), but it has also affected bakery prices which climbed 2.7 percent (the greatest increase since March 1974).

The increase in just the past month is interesting. One percent doesn't seem like much, but then you think about what it's done to gas prices alone. No one likes hearing that we may soon be at $4 a gallon. I wonder if inflation will ever go down by a large amount. I doubt it, but who knows. Gas prices back to $.75 a gallon? Sadly, with the economy in this day and age, that's just not going to happen!

opposition of Wal-Mart=removal from city council??

I'm kind of lost right now when it comes to Economics. I've missed a few days and then when I was here Mrs. McDaniel was sick so I couldn't have it explained to me. Now I'm going to be gone in Florida next week. What to do?! =S

Article link: http://66.36.252.57/words/rosaparksday.php?id=55

This article is more or less proving how much economic decisions impact people. David Olsen had to find that out the hard way. Had he known the opportunity cost of his opinion, would he have still stood by his opinion?

David Olsen, a former Jefferson City Council member, whose spot was taken after he voted against Wal-Mart. Olsen's voting against Wal-Mart (twice) caused a recall election in which he lost his position. His opponent won by 65 votes.

David Olsen didn't think this was a smart economical decision for whatever reason. He stuck with his opinion and it lost him his position. This was Olsen's opportunity cost. Would you be strong enough so stand up for your beliefs at the risk of a high opportunity cost such as this?

20-oz soda cans?

So my dad works at Metal Container Corperation... Well, they're planning on making 20-oz soda cans as apposed to the current 12-oz cans. This is putting a whole new item on the market. Whether it's a success or not, the demand will change rather quickly for both the 12-oz and 20-oz cans. If these new cans are a success the demand will increase as customer taste will benefit from the larger cans. If the demand increases, the supply will begin to increase. Since the 20-oz can is a substitute for the 12-oz can (assuming customers prefer the 20-oz can), the supply of the 20-oz can will increase while the supply or the 12-oz can will decrease.

useful at Jimmy John's..

Wow! AP Mircoeconomics Unit One complete. Although I wish we had spent more time on the first unit, I know we couldn't and I'm actually interested in economics. It takes me a little longer to fully understand concepts though.
My favorite concept so far is comparative advantage. I think it's cool that even though someone may not be very good at something, that person can still have an advantage and benefit from it. I also think it's something I could use in the future. For example, if I'm working at Jimmy John's one night. Katie and I are trying to decide who should slice turkey and who should slice cheese. She has been working there for 3 years and I've only been working there for a year in March, but I've only been able to slice since October. Obviously, Katie has the absolute advantage in both seeing as she has had much more practice. Knowing how to determine comparative advantage would be key in this situation and I think it may be fun to find out what I have comparative advantage in for slicing. This information may work in my favor when it comes to getting out of slicing cheese. =)
On that note, I'm excited to see what Unit Two will bring..