Continuing Our Recovery

Continuing Our Recovery

There are 5 comments on the Coal Valley News story from Jul 10, 2012, titled Continuing Our Recovery. In it, Coal Valley News reports that:

When faced with great challenges, West Virginians have always demonstrated their strength and resilience by coming together to help one another through the most difficult situations.

Join the discussion below, or Read more at Coal Valley News.

justwondering

Princeton, WV

#1 Jul 12, 2012
i would like to know why rainelle always is two or three weeks later to lowering gas prices after beckley has lowered there gas ?beckleys gas prices is 3.26.9 for two or three weeks now while rainelle is still 3,39.9 and every station waits for go mart to lower there price first ! if that isnt price fixing i do not know what you would call it!!!!!!
Doo Doo Brown

Princeton, WV

#2 Jul 20, 2012
Definitely NOT " Price Fixing" !!!
Price fixing is an agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand.
The intent of price fixing may be to push the price of a product as high as possible, leading to profits for all sellers but may also have the goal to fix, peg, discount, or stabilize prices. The defining characteristic of price fixing is any agreement regarding price, whether expressed or implied.
Price fixing requires a conspiracy between sellers or buyers. The purpose is to coordinate pricing for mutual benefit of the traders.
Sellers might agree to sell at a common target price; set a common minimum price; buy the product from a supplier at a specified maximum price; adhere to a price book or list price; engage in cooperative price advertising; standardize financial credit terms offered to purchasers; use uniform trade-in allowances; limit discounts; discontinue a free service or fix the price of one component of an overall service; adhere uniformly to previously-announced prices and terms of sale; establish uniform costs and markups; impose mandatory surcharges; purposefully reduce output or sales in order to charge higher prices; or purposefully share or pool markets, territories, or customers.
Price fixing is permitted in some markets but not others; where allowed, it is often known as resale price maintenance or retail price maintenance.
In neo-classical economics, price fixing is inefficient. The anti-competitive agreement by producers to fix prices above the market price transfers some of the consumer surplus to those producers and also results in a deadweight loss.
Uhmmm

Princeton, WV

#3 Jul 21, 2012
justwondering wrote:
i would like to know why rainelle always is two or three weeks later to lowering gas prices after beckley has lowered there gas ?beckleys gas prices is 3.26.9 for two or three weeks now while rainelle is still 3,39.9 and every station waits for go mart to lower there price first ! if that isnt price fixing i do not know what you would call it!!!!!!
Where in Beckley is gas at 3.26?? I was down there 3 weeks ago and I never saw a station with gas prices that low and I was all over Beckley!!
old man

White Sulphur Springs, WV

#4 Jul 22, 2012
go back to beckley again this time open your eyes or get new glasses
lowdownn

Mount Hope, WV

#5 Jul 22, 2012
A Rainelle Ranger will fight until the end. Go Rangers. Rainelle is a great small town with great people. Stand up, be proud, lead by example. Rainelle....a great place to live and work and raise a family.

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