Out of gas

[ScottA]

Due to Ike and speculators our gas prices here have jumped from $.40 to $1.00 since last Friday. Prices have ranged anywhere from $3.83 to $5.45. Most stations are now out of gas and closed. I only saw 1 open on the way home from work ($3.99) with a massive line. Is it just in the Southeast or are other places effected? I was just wondering.

[hobub]

I'm sitting here talking to my mother and she said her sister in Houston sat in her condo for two days without power or phone. Was totally in the dark to what devistation others had happen to them. She finally got in the car today to drive to her daughter (my cousin/I have 3 cousins in that area as well). She got in mile long car line thinking it was just traffic getting to her daughters and realized after sitting for hours and realized it was a line to a gas station. I heard my cousin David in Baytown had a tree fall on his garage. This is sad stuff to read about. I can't believe the darn thing shot winds up this far. It looks like a war zone around here and I'm clear up in Ohio.

[SUP-Ronin]

Our gas has been dropping, was down to 3.39. I'm sure it'll go back up, with the stock market doing so well today, and the bloody weather. I'm ****ing sick and tired of it, to be honest.

[Bionic Joe]

Didn't see anybody out of gas and no super long lines here in SW FL, prices range from 3.89 to 3.99

[The Toyroom]

Our prices rose .10 in the last few days here in NY from 3.65 to 3.75

[ScottA]

Thursday when I went to work gas was $3.44 at the station I go to most often. Friday it was $4.15. Went up $.70 in 24 hours.

[vulcan2074]

Our gas as of this Afternoon was 3.93 for Regular in Mountain View, CA. Gas Speculators are killing our Wallets.
Sammy

I Feel so bad for everyone who got hit by this terrible storm.

[YoungOnce]

In central Ky, it is on average about $3.99

Up from $3.52 a couple weeks ago

[toysrus]

Las Vegas NV 3.59 , some places 3.55

[jessica]

Thisssss sssssuckssssss!!

[ramsey37]

Yep, in my part of KY, gas is averaging $3.99 a gallon. We got high winds here a couple of days ago, but I don't think we had much damage. I slept through most of it, so I don't know how bad it actually got ;)
George

[megoat]

I paid $3.57 today in northeast Kansas.....

[theressa]

Day this happened, our gas was $3.75. In some areas, in just a few hours, it spiked to $5.68!! Our Governor gave stern warnings against gouging! Said our supplies were fine. A gouging phone number was broadcast on our local news! People panicked, ran to the gas stations! Best way to create a shortage. Today our gas is at $4.19! Still rotten!

[thunderbolt]

I got gas yesterday morning for 3.74, and it went up 25 cents by the time I got home from work. The station closest to Bok Tower was out of gas yesterday afternoon.

[toys2cool]

Didn't see anybody out of gas and no super long lines here in SW FL, prices range from 3.89 to 3.99

Same here n Miami for the cheap gas,the premium is still about $4.25 :embarassed:

[fallensaviour]

I.m paying $1.43 a litre here in canada which equals $5.40 a gallon so you guys are getting a pretty good deal at $3.99 if you ask me... :terror:

[ScottA]

I'm not surprised prices went up (although I didn't figure this much). I am surprised people paniced and stations are out. Alabama Gov. gave the same speech about gouging. Told people flat out if you do it you're going to jail.

[Earth 2 Chris]

Like Ramsey said, here in KY it's around $3.95-$3.99. Early last week it was down to $3.52 in my area. Early Friday morning local news outlets said gas was going to go up at least a dollar, with some stations already going up to $4.69. That never happened here, but it did jump from $3.75 (it had already risen during the course of the week) to $3.99. Friday night several stations were closed, and by end of night all were out of 87 octane.

Chris

[mitchedwards]

Well oil is under $100 a barrel now. The refineries did not suffer and major damage, so hopefully everything will get back to normal soon.

What makes me mad is the folks that ramp up the fear that there will be no gas, then jack the prices.

[Earth 2 Chris]

I'm reminded of the sage wisdom of Mr. Jerry Reed, who recently left us (and recently became Mitch's avatar):

The Crude Oil Blues

Now listen people,
Let me tell you some news,

I sing a song
Called the Crude Oil Blues

We're low on heating oil
And we're low on gas,

And I'm so cold
I'm about to freeze my...self.

We got the crude oil blues.

Chris

[spiderrogue]

oddly enough, this is the lowest it's been in months..well it was about 2 or so weeks ago....it was around 330 a gallon or so..now it's back up to 355 or so..but still a lot cheaper than it's been....

[Donkey Hoatie]

Filled up last Thursday at 3.74 in the Chicago northern suburbs. Today it was at 4.35.

I usually don't fill up, but I was anticipating going on a trip. I'll usually buy only 5 or 6 gallons at a time. By not adding the extra weight to your car in the form of a full tank, you can save on your gas mileage. In some cases, I was saving almost 10%. Of course, you have to fill up more often, but since I only put about 50 miles on my car every week, it doesn't affect me too much.

[mitchedwards]

Just checked the market and oil is down to $91.0 a barrel and dropping

[toys2cool]

Just checked the market and oil is down to $91.0 a barrel and dropping

Good !! keep dropping baby! :grin: man i miss the days of it being $2 something a gallon a year ago :embarassed:

[megocrazy]

Gas Speculators are killing our Wallets.

And that's exactly what it is. Speculation. They raise the price before anything actually happens. It's ridiculous. A family member has owned a small gas station for well over 30 years. It was his fathers before that. The usual way of paying for a drop off is a revolving line of credit. They drop it, you pay for it in x amount of days, you sell it, and then it starts all over. A few weeks ago the price went above his normal credit limit for a normal amount and because so many stations are defaulting because the price fluctuations are so great, that what you pay per gallon this week may be more than the actual selling price next week they wouldn't increase his limit, even though he hasn't had any payment issues ever. If he wanted a filled tank he needed to wait for the truck to get there and have a bank check or cash waiting for the difference. Many smaller stations are caught with gas they paid more for than what the current selling price in the area is. They are forced to sell at a loss if they want to compete. Larger stations turnover a fill quicker so they're not as affected. All caused because incorrect speculation makes the prices swing higher or lower in drastic amounts rather than the normal pace of fluctuation. It's simply insane.

[megocrazy]

Just checked the market and oil is down to $91.0 a barrel and dropping

Exactly! Nothing happened to the oil production so the speculation that raised the price 40 cents to $1.00 in the last couple of days was complete crap. We didn't see any storm effects here in the NorthEast and we saw a 20 cent swing in 12 hours. Any station that filled up at the higher price in the last couple of days is screwed if they can't sell it all in the next 24 hours because everyone will be slashing their prices after seeing the crude oil prices drop. They'll lose money if they don't sell out.

[Adam West]

There is a supply problem. 25% of the nation's oil refineries were shut down due to the hurricane and although no major damage, it will take a few weeks to get them back up.

We have a local chain here called Sheetz which is completely out of gas because they rely 100% on the pipeline that was shut down.

With oil at $90 a barrel and the refineries running at full steam, gas prices would be around $3.00 a gallon. This is what we'll see in the next month if oil prices stay down.