First Time In A Long Time

[doverarjim]

Gas went thru the roof today, 7:30 am reg at $3.44 per gallon, at 12:00 paid $3.66 per gallon, some places at 9:00 pm were to $3.99 some were at $4.05 per gallon. You say what is so strange about this Diesel fuel 7:30 am $3.79 gallon 12:00 $3.79 per gallon, 9:00 pm $3.79 per gallon!!!! When was the last time diesel was cheaper than gas?????

[minibike132]

It's been a long time, thanks for the heads up I'm going out to fill up the rig tonite.

[2000DV4.8]

Even here in Jersey they're already starting to jack up the price. My mom bought gas at 8:00pm at $3.55, then I went to the same station at 10:00pm and it was up to $3.60.

[pennzoil29]

It's been like a yo-yo here in NE Ohio. I don't know what it is right now, but last night some stations were still $3.49 and a few were at $3.65 and $3.79. Every time the wind blows, and it rains like hell they do this to us. I was kind of liking filling the truck up for $80.+, instead of $100.+.

[geektoad]

Yeah, this is the gas stations getting their gouging in before the actual impact of the storm on the supply is known. Cause god forbid, what if the supply wasn't effected and they have no reason to crank up prices and gouge us. how would they ever make ends meet?

[matthuber1]

Yeah, this is the gas stations getting their gouging in before the actual impact of the storm on the supply is known. Cause god forbid, what if the supply wasn't effected and they have no reason to crank up prices and gouge us. how would they ever make ends meet?

 

 

Everybody has got to make a living i guess.

[hubbycap]

Went from about $3.60 to $4.50 yesterday in Georgia. Ike shut down the Gulf platforms and refineries and we will be a few days at high prices until the supply catches up again. The price will keep folks from buying more than their immediate needs and keep the supply relatively stable. Our governor invoked "anti-price gouging" orders, a touchy-feely market meddling illusion of government provided comfort. Capitalism, if allowed, will work its magic every time, and automatically.

[Zembonez]

Capitalism, if allowed, will work its magic every time, and automatically.

Oh, but Fred... it doesn't coddle the unworking masses like a left wing gvernment handout! The humanity!

[D&SYukonDenali]

Hopefully (in theory), after the storm passes gas prices should lower than pre-storm since crude is sitting at $101 right now. Of course this assumes that there is no damage to the refineries in the Houston area.

[Mikeee]

25% of the gas in this country is refined in Texas.

Most of the refineries have shut down because of Ike.

Many of them have sustained damage.

 

So, it won't be like turning a valve and bingo, the gas is turned back on.

 

The price of crude likely will not go up because the the storm issue is way down stream from the crude markets and only really affects gas output.

[nbscanuck]

Our prices here in Southern Alberta, jumped up to equivalent of $6.45 a US gallon yesterday. So don't complain about $4 gas.

[overlord1]

The one thing that pisses me off is that gas stations will raise their prices by as much as $1 or more in a 24 hour period for absolutely no logical reason. This is the same fuel that was in their underground tanks yesterday. Yet with the cost of a barrel of oil dropping almost $50 in the last couple of months fuel at the pump has dropped what, 50 cents per gallon in that time? By the same logic shouldn't gas be around $2.75 a gallon by now? I believe in supply and demand and capitalism, yet it doesn't seem to work so well when it comes to gasoline. It is price gouging during times of emergency, pure and simple. It is no different imho than charging $10 for a gallon of drinking water during an emergency, should that be legal too?

[97SierraGMC]

they should ration gas

[pennzoil29]

I was reading about Ike, when this was mentioned."Ike landed near the nation's biggest complex of refineries and petrochemical plants, and already, prices were reacting. Gas prices nationwide rose nearly 6 cents a gallon to $3.733, according to auto club AAA, the Oil Price Information Service and Wright Express. Some feared worries about a prolonged shutdown in the Gulf of Mexico could send prices surging back toward all-time highs of $4 per gallon, reached over the summer when oil prices neared $150 a barrel."

[pennzoil29]

^^^^^^^^^^^^

It's $4.00 a gallon here now.