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.
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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.
Last edited by hobub; Sep 15, '08 at 10:19 PM.
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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 $4.25Originally Posted by spockfan74
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Stuck in a laundry shoot.
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.
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Our prices rose .10 in the last few days here in NY from 3.65 to 3.75
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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.
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Our gas as of this Afternoon was 3.93 for Regular in Mountain View, CA. Gas Speculators are killing our Wallets.
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I Feel so bad for everyone who got hit by this terrible storm.
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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.
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In central Ky, it is on average about $3.99
Up from $3.52 a couple weeks ago
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