Back to Mobile View

Drilling for oil!

Posted 11:02AM 05/31/08 Travel, Crime
0 Comments Print Text Size A A A
No, I'm not going to talk about the big oil companies that everyone likes to demonize. I'm talking about petty criminals. It seems that stealing gas from people's cars isn't just limited to siphoning anymore. The more creative thieves are drilling holes into gas tanks to get at their loot.

Ever safety conscious in their quest for stolen gas, the thieves are more prone to drill plastic tanks, which are less likely to create a dangerous spark. And they're also easier to drill into. Pickup trucks and SUVs are more likely to be targeted too, as their height makes the theft easier to accomplish.

If this happens to you, it's going to be expensive. The criminals aren't just going to make off with your precious gas. You'll need a new gas tank which averages $300 to $500. And God forbid that you have a business with a bunch of vehicles lined up (think car rental company). Criminals may just move on down the line, victimizing all your vehicles. That's going to be awfully expensive.

Crooks are even stealing cooking oil to turn into biofuel. What is our world coming to? Yes, budgets are tight and some people have been put in a difficult financial position because of the high cost of gas. But does that make it right to steal gas from someone else's car? They haven't caused you to pay more for gas, so don't try to justify stealing from them. And certainly don't do it in this moronic way which creates an expensive repair to boot.

Tracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her company Sequence Inc. Forensic Accounting, and is the author of Essentials of Corporate Fraud.


Tagged: fuel, gas

Add a Comment

*0 / 3000 Character Maximum
Newswire

Compare Mortgage Rates

Mortgage Rates by Zillow
Follow Us

Headlines From DailyFinance Partners

CNN Money
CNBC
Smart Money
Consumer Reports
Huffington Post
AOL Energy
AOL Jobs
Business News Personal Finance Investing Our Partners

DailyFinance Sitemap | Terms of Service | Privacy Policy | Trademarks | HELP | Advertise With Us

© Copyright 2012 AOL Inc. All Rights Reserved