The Time has Come: We Need to Start Drilling in the U.S.

This is a follow up. Waring Oil is a private jpobber. What the company did is this: they told Kroger and Super Walmart that if they both put in gas pumps, the company will not supply them with gas. Just want to make a correction on my sentences above. Now Waring Oil sold his units to Pantry Inc back in late 2005 early 2006 to Pantry Inc for an undisclosed some of money. None of the covnetient store newsletters didn't disclose the amount but the Federal Trade Commission handle the deal. In Alabama over two years ago Pantry sued a Cosco over thier retail gas prices. Now in the area of gas prices where do jobbers and refiners play in the food chain of price? Here's another fact about Vicksburg Ms gas prices from two years ago. When New Jersey and Houston Tx had gas prices below 2.00. That stir a lot of complaints to the Vicksburg Post. Now at that sametime when the barrel price of oil was plummeting Charlie Mitchell of the Vicksburg Post didn't do a follow up story on lower gas prices in the surrounding communties. Now he did do an in depth article on why the gas prices were high here. Both of the Warings son Dan and Richard did thier best to passify the locals. But the article on genereated anger and resement in the community. Vicksburg retail gas prices never went below 2.00 at that time. Now Pantry has thier prices at 3.38 which is edging close to 3.40. It's time to have non competive markets like Vicksburg and others get closer scruitiny. Why? How come this port's gas prices are higher than the Southeast Average which the rest of the state follows. Honestly the State AG office's hasn't acted on complaints. So why should the port of Vicksburg get special treatment? Locals want a serious answer for they feel no one isn't looking at for them.

I happen to agree. Let me tell you something about Vicksburg Ms and its gas retail prices. Since this port is a tourist town becouse of the civil war; the gas prices here have been high. Now two years ago when the barrel price of oil was 50$ a barrel; the local retailer Pantry Inc kept the price at 2.00 while other communities around Vicksburg drop thier prices below 2.00. Now Waring Oil sold thier convient stores to Pantry Inc. THe high gas prices here were equilivant to those of u up in NYC tristate area. It caused the locals to get thier gas across county lines in Clinton,Ms. They're still doing it I might add. With Kroger getting in gas pumps here for the first time,here's what Waring Oil told them and Kroger. U put in gas pumps I want supply you with gas. Waring has a monolopy here though in the local Post the family members tried to explain away that this port had competition. Locals weren't fooled. As a result business dropped.Now with Kroger getting gas pumps in May here locals would like to see gas prices drop. There's a ten cent difference in retail gas prices between Vicksburg Ms and the Jackson Metro area. Just do a Google search. The Warings have kept competition out of this market for a loing time. Locals here want real change and some of us even filed DOE complaints against the high prices here and that complaint hasn't come to frution. Also Vicksburg has a pipeline to offload oil off the barges from the river too. And everyone wonders why gas isn't cheaper. One thing did emerge: Pantry Inc suffered. The company suffered in the earnings department with the fact that they kept the gasoline prices at 2.00. When this happened last year they took a real hit. Pantry which has been purchasing convient store chains through out the Southeast had to rollback finances. Layed off workers. Thier customers even deserted them. Pantry Inc is a midcap stock and publicly listed on teh NYSE exchange. Locals here and tourists have suffered from this town's high gas prices. Now why would a town of 25,000 price its gas as high as those up in New York City? I can tell you the prices here have been higher than those in Miami,Florida.