You better fill your vehicles tonight, Thursday 9/11 if the pump price hasn’t jumped yet.
http://www.msnbc.msn.com/id/12400801/
Oil is down, but gas may be $5.00 a gallon on Friday.
Ralph
January 2008: Oil hits $100 a barrel on news that we’ll pay anything they want for it.
September 2008: Oil nears $100 a barrel on news that we wouldn’t pay anything they wanted for it.
It’s looking to be a very bad storm. Best of luck to the people of texas–even the republicans!
You have a big heart, Mike. :lol:
I hope you all topped off last night.
At 2:00pm 9/12…the gas here is $4.75 a gallon. The day is not over yet.
Speculators jumped into gasoline from oil.
There are reports of gas at 5.75 a gallon in parts of SC.
Ralph
Can’t happen here in NY, gas stations cannot change the price of gas untill they receive a shipment of gas at a higher price. Thos gas stations that are raising the prices already with “old stock” are screwing you guys
for greed and profits!!
Mark Dash said:Mark, That should be how it is everywhere( not the screwing you part,of course). However, high volume stations will receive fuel delivery almost daily. I'm sure by tomorrow you will be seeing the high prices too. Ralph
Can't happen here in NY, gas stations cannot change the price of gas untill they receive a shipment of gas at a higher price. Thos gas stations that are raising the prices already with "old stock" are screwing you guys for greed and profits!!
Apparently North Carolina has an anti-gouging law that applies to gasoline at all stages of the supply chain. Either the law is ineffective, or they are not enforcing it.
Ralph
Or it could be that companies are buying an increasingly limited supply and price be damned.
"Today, there’s a Gulf hurricane price spike almost every September. Oil futures early on Friday spiked nearly $2 to $102.67 a barrel before falling back in later trading as Ike blew in with its 100 mph winds, 30-foot waves and 200-mile storm swath, shutting down 96% of U.S. Gulf-based oil production.
It’s in fact a man-made crisis. U.S. energy infrastructure — production, imports, refining and pipelines — are all artificially concentrated in the one area of the U.S. most prone to devastating hurricanes.
“There is a reason for this geographic concentration in a high-risk storm area. Government policies have largely limited offshore exploration and production to the central and western Gulf of Mexico — and our onshore facilities, including refineries, have been welcomed in communities in (this) region,” said American Petroleum Institute President Red Caveney, in a 2006 speech.
Two decades ago, Congress halted all offshore drilling except in the western Gulf of Mexico, also known as Hurricane Alley.
The congressional law not only concentrated drilling, it also concentrated all the other energy infrastructure that had no choice but to grow up around it, too. Most of our refineries are in the Gulf, and 64% of our imported oil enters through Gulf ports.
So when Hurricane Ike forces evacuation of 63% of rigs, it’s just the tip of the iceberg. Eight refineries have closed for the storm, idling 73% of natural gas and 96% of oil output in the Gulf region. "
More drilling is the solution to everything!
A comprehensive energy policy that reduces the risk of disruption to sources for our increasing demand for energy is the solution, whether it means more drilling , more nuclear energy, and more efficient alternative resources and that sends less of our wealth into the hands of countries that aren’t very friendly .
Ken Brunt said:
Or it could be that companies are buying an increasingly limited supply and price be damned."Today, there’s a Gulf hurricane price spike almost every September. Oil futures early on Friday spiked nearly $2 to $102.67 a barrel before falling back in later trading as Ike blew in with its 100 mph winds, 30-foot waves and 200-mile storm swath, shutting down 96% of U.S. Gulf-based oil production.
It’s in fact a man-made crisis. U.S. energy infrastructure — production, imports, refining and pipelines — are all artificially concentrated in the one area of the U.S. most prone to devastating hurricanes.
“There is a reason for this geographic concentration in a high-risk storm area. Government policies have largely limited offshore exploration and production to the central and western Gulf of Mexico — and our onshore facilities, including refineries, have been welcomed in communities in (this) region,” said American Petroleum Institute President Red Caveney, in a 2006 speech.
Two decades ago, Congress halted all offshore drilling except in the western Gulf of Mexico, also known as Hurricane Alley.
The congressional law not only concentrated drilling, it also concentrated all the other energy infrastructure that had no choice but to grow up around it, too. Most of our refineries are in the Gulf, and 64% of our imported oil enters through Gulf ports.
So when Hurricane Ike forces evacuation of 63% of rigs, it’s just the tip of the iceberg. Eight refineries have closed for the storm, idling 73% of natural gas and 96% of oil output in the Gulf region. "
We were getting gouged. The states attorney general said wholesale prices Friday were up 20 cents from Wednesday. Yet we had stations charging well over $1.00 a gallon more.
The place I quoted at $4.75 a gallon was a large grocery chain. Although I live in a rural area and they are the closest grocery store, I will not be spending any more money there. If this is how they try to contribute to the community, I will no longer contribute to their economy.
Ralph
Good for you…if they were gouging me like that, I wouldn’t be patronizing their stores either. Fortunately I haven’t needed gas and haven’t really paid attention to what gas prices are in the area. I was just out and still didn’t look…maybe I’d be glad I didn’t…
