Gas prices (up to $5, down to $2?) [merged]
09-12-08 | 12:55 PM
#1
Guest
Posts: n/a
Gas prices (up to $5, down to $2?) [merged]
Well it seems hysteria is hitting people as gas prices rise 20-30 cents AS you fill out. I've heard regular is back over $4 in 2 days.
As soon as it was named Ike I said "why would they name it Ike, don't they know Ike whoops ***"!!
Can $5 be around in the next month? Hmmmmmm
Wholesale gasoline prices jumped to around $4.85 a gallon for fear of vast shortages. That was up substantially from about $3.25 on Wednesday and less than $3 on Tuesday.
As soon as it was named Ike I said "why would they name it Ike, don't they know Ike whoops ***"!!
Can $5 be around in the next month? Hmmmmmm
Wholesale gasoline prices jumped to around $4.85 a gallon for fear of vast shortages. That was up substantially from about $3.25 on Wednesday and less than $3 on Tuesday.
09-12-08 | 01:15 PM
#2
Out of Warranty
Joined: Aug 2001
Posts: 14,926
Likes: 12
From: Houston, Republic of Texas
Crude supplies aren't much of a problem. The offshore production platforms in the region are well protected against a Cat 2 storm, and after a few days, we can expect full production can resume. Refining is another story.
As noted in an earlier post in the clubhouse, most of the US refining capacity is located in the coastal arc between Freeport and New Orleans. This is the target of a massive storm surge produced by Hurricane Ike. The facilities have been shutting down for the past few hours as the storm surge affects the coast, raising mean water levels by as much as 20 feet. Should these plants be flooded, it may take months to bring full production back on stream.
That means an increase in gas prices, but worse it may mean that gasoline is unavailable due to shortage of supply. It's too early to tell, but gas prices will undoubtedly increase. The question is how long we can expect them to remain high.
As noted in an earlier post in the clubhouse, most of the US refining capacity is located in the coastal arc between Freeport and New Orleans. This is the target of a massive storm surge produced by Hurricane Ike. The facilities have been shutting down for the past few hours as the storm surge affects the coast, raising mean water levels by as much as 20 feet. Should these plants be flooded, it may take months to bring full production back on stream.
That means an increase in gas prices, but worse it may mean that gasoline is unavailable due to shortage of supply. It's too early to tell, but gas prices will undoubtedly increase. The question is how long we can expect them to remain high.
09-12-08 | 02:13 PM
#3
Lexus Test Driver
Joined: Nov 2007
Posts: 1,107
Likes: 0
From: Chi-City
Well it seems hysteria is hitting people as gas prices rise 20-30 cents AS you fill out. I've heard regular is back over $4 in 2 days.
As soon as it was named Ike I said "why would they name it Ike, don't they know Ike whoops ***"!!
Can $5 be around in the next month? Hmmmmmm
Wholesale gasoline prices jumped to around $4.85 a gallon for fear of vast shortages. That was up substantially from about $3.25 on Wednesday and less than $3 on Tuesday.
As soon as it was named Ike I said "why would they name it Ike, don't they know Ike whoops ***"!!
Can $5 be around in the next month? Hmmmmmm
Wholesale gasoline prices jumped to around $4.85 a gallon for fear of vast shortages. That was up substantially from about $3.25 on Wednesday and less than $3 on Tuesday.
LOL!!! that's what I said. Ike wouldn't be so mad if Anna mae would've just eaten the cake!
09-12-08 | 03:37 PM
#5
Lexus Champion
Joined: Dec 2002
Posts: 2,854
Likes: 0
From: IL
Strange - I got my car back from the dealer and the low gas warning light was on. Was not that way when it left for the dealer last Friday...hmmmmm
Of course I can't get to a gas station until tomorrow....doh...
Of course I can't get to a gas station until tomorrow....doh...
09-12-08 | 04:47 PM
#6
Lexus Champion
Joined: Jan 2003
Posts: 1,979
Likes: 0
From: ca
$
it just got worse for oil: http://www.signonsandiego.com/news/w...a-chavez-.html
So glad I dumped my Lexus SUV and got a Civic, $36 to fill up
So glad I dumped my Lexus SUV and got a Civic, $36 to fill up
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09-12-08 | 07:07 PM
#9
Gas wasn't a problem until the idiots rushed to the gas station and ran the town dry today. Hmm there may be a possible supply issue so let's go RUN THE STATIONS DRY.
IDIOTS.
IDIOTS.
09-12-08 | 07:52 PM
#10
09-12-08 | 08:08 PM
#13
Lead Lap
Joined: Apr 2006
Posts: 567
Likes: 0
From: Tx
Im in houston. Some places have charged over $4.00 a gallon for gas where cornering gas stations were at most at $3.40 indicating trouble for those charging more on purpose.
situation is getting worst as we speak..i live just north of houston in spring and can already feel the effects and Ike has barely made landfall in galveston.
Ike causing hike!!! lol
situation is getting worst as we speak..i live just north of houston in spring and can already feel the effects and Ike has barely made landfall in galveston.
Ike causing hike!!! lol
