Thread: Gas prices up
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Old 09-13-2008, 11:33 AM   #21 (permalink)
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Originally Posted by jamesqf View Post
This is just a classic case of mass hysteria. Some guy in southern Illinois starts a rumour by sending an email to his friends, who send it to their friends, etc. A certain fraction believe the rumour, and rush out to fill their tanks. Gas station operators see the long lines (and maybe got the emails too), so they figure they'd better raise prices. That lends credence to the rumour, so more people panic and rush out to fill up, raising prices still further - and probably emptying some gas station tanks.
Yup same thing happened at my school. The gas station that is across the street called the school up and told the person who answered to spread the word like a wildfire. I tried to stop people from going out and biting into this but when I pulled out of the parking lot I saw a huge line consisting of people from my high school.


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