Price Gouging Argumentative Essay by Writing Specialists

Price Gouging
This paper discusses the issue of price gouging by oil companies.
# 92316 | 2,151 words | 6 sources | MLA | 2007 | US

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In this article, the writer presents a detailed examination of the topic of suspected price gouging by oil companies. Using concrete recent examples of well known companies, including Exxon Mobile, the writer explores allegations of price gouging and argues that it is unfair for oil companies to take advantage of consumers when consumers have supported them for years. According to the writer, social responsibility should supercede corporate responsibility. The writer concludes that the time has come for the oil companies to recognize their social responsibilities and protect the consumers who have kept them in business since their inception. Further, the writer claims that the oil companies need to lower their prices so that the consumer can again trust the prices are fair to everyone involved. The writer includes in this paper approximately 30 pages of source copies.

The Problem
Current Gas Prices and Price History
Source Copies

From the Paper:

"According to studies conducted with regards to gasoline refiners are getting more of a profit out of each gallon now than they were at this time a year ago. Crude producers are getting an additional 47 cents a gallon. After Katrina and the price of oil company products began to increase rapidly, Congress held a special session in which many experts and oil company representatives testified regarding the accusation of price gouging. The companies maintained their belief that it was not their work that was price gouging but it was the retailers who sold the gasoline that were participating in price gouging. Retail representatives responded that it was nonsense, pointing out that their customers would not remain loyal if they suddenly began upping the price of gasoline compared to the retailer across the street."

Sample of Sources Used:

  • ______(2005) Most Americans say oil companies are price gouging. Fairfield County Business Journal
  • Oil CEOs defend soaring profits By Paul Davidson, USA TODAY
  • Price Gouging" and Oil Prices by Michael J. Hurd (March 12, 2003)
  • Reid, Keith (2005) Who's to blame? As prices hit $3 nationwide, was anybody gouging? National Petroleum News
  • Roberts, Paul The End of Oil : On the Edge of a Perilous New World (Paperback) Mariner Books; Reprint edition (April 5, 2005)

Cite this Argumentative Essay:

APA Format

Price Gouging (2007, February 18) Retrieved December 02, 2023, from

MLA Format

"Price Gouging" 18 February 2007. Web. 02 December. 2023. <>