| Are People Rational About Gas Prices? - As a preface, I am not a socialist free asian pussy pics planner, so I do not presume to make other people's economic trade-offs for them. asian ebony porn If someone perfect asian pussy out there chooses to collect Pinto station asian ebony porn wagons or pay $10 million to go anal asian sex videos on a Russian space launch, power to them.
That being said, I will observe that gas price concerns seem to drive people to do things that they would not normally do in other contexts. Market Power quoted this statement from the Washington Post:"When prices go up, you're going to see some interesting things," said Tom
Kloza, chief analyst for the Oil Price Information Service in New Jersey.
"Saving money on gas is something that's just magical in this country. Rational
thought asian teen sex movies just doesn't apply to gas."Market Power was skeptical that such irrationality exists, but I think it may be correct. Here are a few examples:1. Waiting dirty asian porn for hours: A couple of years ago when I lived in Seattle, a local Costco put in a gas station and sold gas for 10-15 cents or so below most of the other local stations. Every time I went there, there was a huge line -- perhaps half an hour long -- to get gas. For a fifteen gallon fill-up hardcore asian lesbians having sex saving 15 cents asian anal amateur sex porn videos and waiting 30 minutes, that equates to $4.50 an hour savings for their efforts, not to mention the extra driving time (and gas!) spent getting to this one spot rather than their local station. How many people in the line would have driven an extra 10 miles to take a job at $4.50 an hour? Lately, I witnessed a free gas promotion where people lined up and waited at least 3 hours for 10 gallons for free gas (people apparently had lined up starting at 4AM for the promotion that began at 8AM. This is a bit better deal at $10 per hour, but I wonder how many people in the line would have participated in any other endeavor for $10 an hour? asian mature sex Market Power points to a similar promotion in Sioux Falls, where the value of police time providing security was probably higher than the value of the gas given away.2. Save a dollar, pay three extra. asian sex dolls One of the reasons I am unconcerned with gas price gouging is that many gas stations today use gas as a loss leader, hoping to pull motorists into their store or restaurant. In the language of gouging, asian kinky sex what this means is that typically you are getting a great price on gas (given what the dealer's costs are) and are getting gouged on coffee and Twinkies. Its amazing to me that people who check asian teens sex movies the Internet to find the place with 5 cents a gallon cheaper gas will then walk into the convenience store and pay whatever for Cokes and water and cigarettes and beer and coffee. It seems crazy, but the best way to explain it is that for a number of people, a dollar saved on gas gives them far more satisfaction than say a dollar save on soft drinks.3. Wagering with the rental car company. Every rental car company offers you a wager nowadays. They give you the chance to buy the whole tank of gas in advance for something like 20 cents less than asian pussy getting fucked the local market rate. Assume the local market rate is $3.20, the rental car advance rate is $3.00, and the tank is 15 gallons. All you have to do to win this bet as the renter is to return the car asian sex dating services with less than 1 gallon left. If you do, you win, otherwise you lose. Is this a bet you want to take? But I left something out - the value of your time. Let's say you value your marginal time at $30, and it take 15 minutes to fill up the rent car yourself. By taking the fuel option, you save $7.50 of time. This means to win the bet, including the value of your time, you have to turn it in with less than 3.5 gallons left, or less than 1/4 full. The other alternative is to not stop and turn it in at the rent car place and let them fill it hardcore asian pussy up at their $6.00 rate. But even this ridiculously inflated rate for turning the car in part-full is still a better asian nude sex option than the pre-paid fuel as long as you don't use more than half a tank. And I bet that the vast, vast majority of people who rent cars, particularly on business trips, don't use a half tank (a half tank at 20mpg is about 150 miles).One of the best tests of my proposition is to see how many blond asian porn businesses
today act as if this gas-price-overfocus is a real phenomenon: Car
dealerships give away free gas rather than rebates; many many
companies are having free gas amateur asian pussy promotions; gas stations continue chubby asian pussy to
sell gas at cost to get you in their store. Basically, businesses
everywhere are betting that their customers will find $30 of gas more
appealing than any other $30 giveaway.
None of the above bothers me particularly -- people are different and interesting in how they act. That's why government planning tends to chafe everyone. asian porn free vids In fact, the only part of this supposed irrationality about gas prices that does bother me is the fact that so many people run to the government for price controls and gouging investigations whenever gas prices asian porn sluts go up, and so many Congressmen of both parties see value to pandering to these instincts. asian porn star list This despite the fact that gas prices are still effectively far lower as a percentage of income than they were 25 years ago. I wish they would all go back to sipping their $8 Starbucks coffees and just deal with it.
Update: Was on Snopes.com checking out an email that seemed like an urban legend (it was) and saw a sidebar listing gas wars as the #1 urban legend email of the moment. ExxonMobil seems to be the bad-guy target-of-choice, I guess just because they are the largest. free asian porn pics gallery free asian interracial sex movies The "idea" in the email is that if everyone would boycott ExxonMobil and shop at other gas stations, asian beaver porn the price of gas would fall. LOL. As Snopes points out:
A boycott of a couple of brands of gasoline won't result in lower
overall prices. Prices at all the non-boycotted outlets asian teen girl porn would rise due
to the temporarily limited supply and increased demand, making the
original prices look cheap by comparison. The shunned outlets could
then make a killing by offering gasoline at its "normal" (i.e.,
pre-boycott) price or by selling off their output to the non-boycotted
companies, who will need the extra supply to meet demand. The only
person who really gets hurt in this proposed scheme is the service
station operator, who has asian sex movie almost no control over the price of gasoline. |
| Bullshit Jobs - Glenn Reynolds linked to Stanley Bing's book "100 Bullshit Jobs... and How to Get Them." He points out that "blogger" is number 13. However, the Amazon description hints that I may have had a second job on the list: "McKinsey Consultant." I will leave to the outside observer whether both jobs are bullshit. I will say that they both share in common an ability to consume asian pussy clip a lot of hours in the day that would probably be free time without them. They both also share an hourly pay problem, the blogging job because it pays nothing and the McKinsey job because it nude asian pussy turned out to have a staggering number of work hours each week in the denominator. |
| Comment Changes - I have never been satisfied with the delays caused by having to approve comments, but I didn't like giving bots a free pass either. Now that TypePad has added a Capcha step in the comment process (that is the little nonsense word you have to retype from the image) I am going to let comments go straight up, relying on technology to catch bots. In reality, trackbacks are actually the bigger problem -- I sometimes get waves of 300-400 bot-spam trackbacks in a day, until TypePad takes steps asian sex xxx to block that source.
Please use the comments to this post to, uh, comment on any problems you are having with the new comment process. |
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