Gas Prices (just jumped 30 cents in GA)
Gas Prices (just jumped 30 cents in GA)
Lead Lap
Joined: Oct 2001
Posts: 3,724
Likes: 4
From: Illinois
I was driving last night and noticed that gas has jumped in price over the past couple days. It's $2.97 a gallon...and that's for regular unleaded. Premium was $3.17.
I just filled up on Monday and it was $2.95 premium.
I just filled up on Monday and it was $2.95 premium.
This time they blamed it on the hurricane in La...It always puzzled me ..How can an event that just happened affect the price of gas thats been sitting in a tanker or at the station for the past week or so?? 
Gonna have to let the Lex sit and break out the Ford Escort and the MC!!
Gonna have to let the Lex sit and break out the Ford Escort and the MC!!
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Lead Lap
Joined: Oct 2001
Posts: 3,724
Likes: 4
From: Illinois
Originally Posted by GSXLEX
This time they blamed it on the hurricane in La...It always puzzled me ..How can an event that just happened affect the price of gas thats been sitting in a tanker or at the station for the past week or so?? Gonna have to let the Lex sit and break out the Ford Escort and the MC!!
Gonna have to let the Lex sit and break out the Ford Escort and the MC!!
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Lead Lap
Joined: Jun 2003
Posts: 656
Likes: 1
From: Georgia
Originally Posted by rominl
damn you guys can't be serious... i thought here in CA we have the most expensive gas. i just filled it up for 3.05 the other day, much less than some of you
Pit Crew
Joined: May 2005
Posts: 128
Likes: 3
From: Nevada
And its only going to get worse. Perhaps we will now be able to get our politicians to let us use the oil we have in our own lands to lessen our dependence on foreign oil. With 5% of our oil supply taken out by Katrina, the leverage that foriegn oil providers has on us only increases.
Zombie Slayer
Joined: May 2004
Posts: 6,053
Likes: 3
From: East Bumble F, NJ
Originally Posted by CPALex
And its only going to get worse. Perhaps we will now be able to get our politicians to let us use the oil we have in our own lands to lessen our dependence on foreign oil. With 5% of our oil supply taken out by Katrina, the leverage that foriegn oil providers has on us only increases.
According to Yahoo news, the U.S. reserve field has been opened to defer some problems raised by Katrina. The issue with Katrina has nothing to do with foreign oil, nor deliveries from foreign countries. What was affected were 8 refineries in the gulf region that had to shut down. 4 of those refineries produced gasoline. What this did was hamper our countries ability to refine crude in a timely fashion. IMO, the increase you see today at the pumps is COMPLETE speculation by individual owners and oil companies, especially since it has absolutley no correlation to current barrel prices on the market (barrel prices eased somewhat today to drop back below $70 a barrel). I noticed this morning on the way to work that a gas station yesterday has premium for $2.89/gal, this morning it was $2.97/gal. Some people are blatantly trying to make a quick buck due to speculation that Katrina hurt oil imports!
