My turn: Gas prices constantly fluctuate - WECT TV6-WECT.com:News, weather & sports Wilmington, NC

My turn: Gas prices constantly fluctuate

But while you feel you might be gouged because you’re paying more for gas now, it doesn’t exactly mean that’s what’s happening. Remember that gas prices fluctuate all the time. (Source: WECT) But while you feel you might be gouged because you’re paying more for gas now, it doesn’t exactly mean that’s what’s happening. Remember that gas prices fluctuate all the time. (Source: WECT)

It’s a bit unnerving to see how dependent we are in our day to day lives to such a thing as gasoline. 

You may have already known that, but many people are feeling it now because of the pipeline leak in Alabama. We’re a mobile society, and the fact is without gasoline much of our day to day business will not get done.

If that’s not concerning enough, the Attorney General’s office says claims of price gouging for the cost of gas has exponentially increased this week. There were 400 cases reported by early Monday from across North Carolina.

But while you feel you might be gouged because you’re paying more for gas now, it doesn’t exactly mean that’s what’s happening. Remember that gas prices fluctuate all the time.

And supply and demand are historically legitimate influencers of what we pay at the pump.  To truly get gouged, the state has to prove that the increase is beyond the pale of what’s considered normal business.  That’s a pretty high bar. 

We may feel like we’re getting gouged.  But in the larger scheme of things, we’re just sharing in the consequences of a big leak that took place in Alabama.   

That’s my turn. Now it’s your turn. To comment on this segment, or anything else. email me at yourturn@wect.com.

Copyright 2016 WECT. All rights reserved.


Emailed comment from viewers:

It's very disturbing how easily some at WECT can dismiss the anxiety, worry,  and frustration that people are feeling right now because of the pipeline leak in Alabama.

It's true, that gas prices, for whatever reason, do fluctuate. and that over the last forty years or so, the overall cost of fueling our vehicles,(our lives), has been remarkably held in check.

However, It is very sad that all this is to some, is a story about an inanimate object, (a broken pipeline), somewhere miles from here...

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I am not so concerned for the price rate hikes as to the sudden supply shortage just because of one broken supply line.

I believe if permitted to drill off our coast for closer resources, future breaks might not "cripple" the east coast as this one did. Wonder how the environmentalist feel this week searching for gas. Many of them were not around during the early 70's during the gas shortage days when you could only get $2.00 at the time back then that was equal to 5 gallons. I can't picture any of them pedaling a bike in the pouring rain.
 

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