• Why Was Gas So Expensive?

    Did you know that gas price gouging almost never occurs as prices rise? Rather, it's most often when dealers keep prices artificially high even as their costs fall. As gas costs were near $5 a gallon until falling and oil companies earn around $100 billion each year, it's a good time to question what really goes into the price of gas. The numbers on the gas station sign hide a complex set of transactions. Before gas can power your car, it must be discovered as crude oil, traverse three markets, and be refined from crude into gas. Inside, we'll explain the three markets, walk you through the role of refineries, and show how oil companies use creative tactics to manipulate gas prices... More »

    Feature

    3:12 PM on Mon Oct 13 2008
    By Carey
    36,494 views, 106 comments

    Most discussed ai2tis: I guess my comment will be banned because this blog is mainly American. But the truth sometimes hurts. I can't believe. more »

  • insiders

    Is Walmart Price-Gouging Hurricane Victims?

    A Walmart insider tells us that the price of cellphone chargers nearly doubled on orders from Walmart HQ in the wake of Hurricane Ike. Before the hurricane, chargers cost from $10-$15, but afterwards, they rose to a uniform $19. More »

    6:00 PM on Sat Sep 20 2008
    By Carey
    17,764 views, 61 comments

  • milk

    New York City: 86% Of Milk Sellers Are Price-Gouging Customers

    Sorry New Yorkers, but according to the City Council, you're overpaying for both rent and milk. Anyone charging more than $3.93 for a gallon—86% of the city's milk sellers, from bodegas to Whole Foods—is violating the state's milk price-gouging law. More »

    12:35 PM on Sat Jun 7 2008
    By Carey
    7,432 views, 80 comments

    Latest by twophrasebark: @sodden: Enron is just one example of the continuing disaster of energy deregulation. And your argument is strangely circular. We deregulated more »

  • features

    Why Is Gas So Freakin' Expensive?

    Did you know that gas price gouging almost never occurs as prices rise? Rather, it's most often when dealers keep prices artificially high even as their costs fall. More »

    Feature

    2:46 PM on Tue May 29 2007
    By Carey
    53,370 views, 80 comments

  • ps3

    The $9.99 PS3

    Balance is being restored to the universe. Is it karma? Is it the work of a Jedi? Yoda? Are you there, buddy? More »

    10:32 AM on Tue Nov 21 2006
    By Meg Marco
    325 views, 11 comments

  • readers

    Circuit City Price Gouging on Installation Fees

    Reader Ben sends us this camera phone shot of the in-store Circuit City price list for their various home installation services. Holy Shit! More »

    9:39 AM on Tue Nov 7 2006
    By Meg Marco
    804 views, 22 comments

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