Gas 5.87 a gallon now reported by Fox

[G.MONEY]

In Atlanta case is now in some places at 5.87 at a BP and they said there will be a total shortage in many places...Happy Labor Day weekend......:monsters-

 

[D2bets]

What the .... :finger:

That's BS. They are gouging, pure and simple. I hope there are indictments. Those oil execs are rat bastards, all of them.

 

[Kruser6]

There is a shortage on it right now, there is not much they can do. They are actually trying to turn away customers and make sure they last of the gas they have left goes to people who REALLY need it.

 

[Dawoofdaddy]

In Atlanta case is now in some places at 5.87 at a BP and they said there will be a total shortage in many places...Happy Labor Day weekend......:monsters-

Gotta tell ya G, I didnt like your $4 play at close to even money, but congrats on cashing the ticket.

 

[chuckfranklin]

$5.20 at the chevron about a mile from home here in the highlands part of atlanta:drink:

 

[G.MONEY]

The play was:

Prices from feulgaugereport.com for regular gas average hits $3 in NYC or Los Angles by 1/1/2006

yes +110

 

[edub69]

I remember driving somewhere on 9/11 and seeing some gas stations that had immediately raised their prices to $5/gallon. Obviously there was an outcry and by later that day all the prices had returned to their previous levels. Hard to tell in this situation what's really going on, as some refineries have obviously been damaged.

 

[t3a]

Onshore, wholesale gasoline suppliers have begun capping the amount of fuel they sell to retailers in certain markets to make sure retailers do not take delivery of more fuel than they actually need. Analysts said that while shortages have been reported in a small number markets, they do not believe the problem is widespread and they cautioned motorists not to top off tanks out of fear.

With retail gasoline prices surging to record highs and motorists facing $3 a gallon at the pump in a growing number of markets, BP PLC said in an e-mail to clients that it is making "pricing decisions with prudence and restraint in the wake of this natural disaster."

In other words, we are going to horde the supplies we have now so that our retailers can try to justify charging 5 bucks a gallon

 

[VaultedTreehouse]

The play was:

Prices from feulgaugereport.com for regular gas average hits $3 in NYC or Los Angles by 1/1/2006

yes +110

I got this at 20-1. Bought back half of it for a healthy scalp, but still will cash more when the average is over 3 tomorrow.

 

[Dawoofdaddy]

I remember driving somewhere on 9/11 and seeing some gas stations that had immediately raised their prices to $5/gallon. Obviously there was an outcry and by later that day all the prices had returned to their previous levels. Hard to tell in this situation what's really going on, as some refineries have obviously been damaged.

9/11 there were not numerous missing oil rigs in the gulf of mexico and 25% or more refining capacity offline. NYC is a financial center and the Gulf states are where the refining and other transporting of gasoline originates.

Rest of nations refining was being 95% + utilized, so that is not an answer. The only answer is that price will rise to LOWER demand until the Gulf region refineries can resume operations.

 

[redpimp]

Onshore, wholesale gasoline suppliers have begun capping the amount of fuel they sell to retailers in certain markets to make sure retailers do not take delivery of more fuel than they actually need. Analysts said that while shortages have been reported in a small number markets, they do not believe the problem is widespread and they cautioned motorists not to top off tanks out of fear.

With retail gasoline prices surging to record highs and motorists facing $3 a gallon at the pump in a growing number of markets, BP PLC said in an e-mail to clients that it is making "pricing decisions with prudence and restraint in the wake of this natural disaster."

In other words, we are going to horde the supplies we have now so that our retailers can try to justify charging 5 bucks a gallon

Local BP right by my house has absolutely no regular or the medium stuff...


I am not sitting around and waiting for the shit to hit the fan folks....


Other gas stations in towns all around me just turned off the gas and put up a huge sign !!!! "We aint got no gas"


Its gonna get even worse because of all the sea ports found in the gulf region that were struck...

Even the SPR cant save us now...Because we shall lose as much gas at the out of funtion ports that cant unload ships as is being supplied by the SPR..

Even after that, there is bound to be a bottle neck at the refinaries when the other sea ports start taking delivery of oil from over seas!!!


Dicey situation folks.....dicey...


I am glad my regular job starts Tomorrow!!!!

 

[FairWarning]

I heard on Fox News that the main pipeline from Louisiana to Georgia is severely damaged. That pipeline supplies Georgia with 75% of its gas. I think there will be more stories like this in the near future.

 

[sherman]

i don't like where this is headed...

 

[Brock Landers]

Went to a place in Champaign to get propane, no problem there, they sell gas too, but that was OUT...they had none to sell right now.

 

[Dante]

sent from 2.65 to 3.05 over night where im at for the cheap stuff and im out west hopefully we get our oil more from Alaska then New orleans:monsters-

 

[Brock Landers]

Didn't we take over Iraq??? Where the hell is that oil????


We have never had higher prices, what was the point of that war anyway?