Internet fueling 'gas out' protest against rising prices
May 4, 2007
BY ALEJANDRO BODIPO-MEMBA
FREE PRESS BUSINESS WRITER
The nation’s drivers are trying to fight back against fast rising gasoline prices by staging an Internet-driven “gas out� on May 15.
The $3.10 price tag is the highest level for Michigan drivers since they hit $3.12 on Aug. 7 of last year. In addition, today's price is only a dime off the all-time record set on Sept. 3, 2005, following Hurricane Katrina.
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Michigan currently has the ninth-highest prices in America, behind states like California, Hawaii, New York and Illinois.
Last year at this time prices were averaging $2.85 a gallon in Michigan.
Meanwhile, motorists in Michigan are paying an average of around $3.10 a gallon, which is just 10 cents off the all-time record set on Sept. 3, 2005, shortly after Hurricane Katrina hit the Gulf Coast.
An Internet chain-letter dated April 30 has been circulating around email systems across the country in recent days urging drivers to avoid pumping gas into their vehicles on May 15. The unsigned letter suggests that a one-day “gas out� could result in the siphoning off of nearly $3 billion from the coffers of oil company profits.
"Some people think $4 a gallon on the horizon," said Jim Rink, a spokesman for AAA Michigan. "If consumers balk at the rise they will curb their consumption and prices will come down."
Industry observers, who say these kinds of chain-letters tend to get passed around as prices rise, generally don’t make have much of an impact on the bottom line of major oil companies.
“This stuff does not work,� said Mark Routt, a senior petroleum analyst with Energy Security Analysis Inc. in Wakefield, Ma., who received a copy of the letter earlier this week. “The only thing that does work, in terms of lower prices, is a change of lifestyle and habit.�
The United States is the world leader in consumption of crude oil – the feedstock for gasoline – at 20.8 million barrels a day. That compares to about 19.7 million barrels a day in 2000.
But a growing number of consumers are convinced that something sinister is afoot with large oil companies.
“I’m going to participate in the gas out because I feel you’ve got to get a message to (the oil companies),� said Myron Goff, a retiree in Livonia, who saw the letter about a week ago. “If people stop buying on one day something has got to happen. It’s going to take profits away from them and that’s all they are worried about; profits.�