gas lines?

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mekender
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gas lines?

Post by mekender » Fri Sep 12, 2008 8:32 pm

anyone else seeing long gas lines around town?

seems that there is a panic going on here in NC... we have some stations imposing a 10 gallon limit, others have raised prices 70 cents over night.... im hearing reports of hour long lines to fill up...

and this while news that oil went below $100 a barrel today.
“I no longer need to run as a Presidential Candidate for the Socialist Party. The Democrat Party has adopted our platform.” - Norman Thomas, a six time candidate for president for the Socialist Party, 1944

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308Mike
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Re: gas lines?

Post by 308Mike » Fri Sep 12, 2008 8:47 pm

I wouldn't be surprised at all to see lines in the hurricane path strike zones - as people top off and fill cans "just in case".
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mekender
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Re: gas lines?

Post by mekender » Fri Sep 12, 2008 9:07 pm

im in greensboro NC, 700 miles from the center of the storm and over 900 from galveston... the storm is not heading anywhere near NC...

but ive got confirmation of gas at $5.09 in the Raleigh area.
“I no longer need to run as a Presidential Candidate for the Socialist Party. The Democrat Party has adopted our platform.” - Norman Thomas, a six time candidate for president for the Socialist Party, 1944

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clyde621
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Re: gas lines?

Post by clyde621 » Fri Sep 12, 2008 9:13 pm

Yeap on S. Saunders St. it jumped over $1.00 a gal. at one time. The Gov. has put out notice on price gouging. Damn supid idiots. :twisted:
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Erik
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Re: gas lines?

Post by Erik » Fri Sep 12, 2008 9:15 pm

According to this, the problem is that Houston is in the path. That means that there is shortages all over, and the places closer to Houston, like Knoxville, is buying from other states, like North Carolina. This causes ripple effects all over the States, it seems.
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mekender
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Re: gas lines?

Post by mekender » Fri Sep 12, 2008 10:35 pm

local news is quoting the Governor that wholesales prices are only up about 20 cents... but weve got confirmed reports of gas at $5.99 a gallon now...
“I no longer need to run as a Presidential Candidate for the Socialist Party. The Democrat Party has adopted our platform.” - Norman Thomas, a six time candidate for president for the Socialist Party, 1944

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First Shirt
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Re: gas lines?

Post by First Shirt » Sat Sep 13, 2008 1:37 am

I filled the Jeep up yesterday, at $3.53/gal. Today, it's $3.99-4.09/gal all over the place, and the ones that didn't raise their prices have lines a block long.
But there ain't many troubles that a man caint fix, with seven hundred dollars and a thirty ought six."
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mekender
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Re: gas lines?

Post by mekender » Sat Sep 13, 2008 2:52 pm

i see people whining about it being $4.50 at one station but only 3.60 across the street... course then i wonder, "why not just go across the street?"
“I no longer need to run as a Presidential Candidate for the Socialist Party. The Democrat Party has adopted our platform.” - Norman Thomas, a six time candidate for president for the Socialist Party, 1944

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Erik
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Re: gas lines?

Post by Erik » Sat Sep 13, 2008 6:36 pm

Here's a great explanation of why prices are going up

Here's a part of the post, read the rest too.
Here's how it worked. The Knoxville area has several bulk fuel storage depots. Some belong to the chain outfits, others are run by wholesalers that supply independent gas stations. In either case, they manage their storage levels to maintain a competitive retail price. When the price of gas is rising, they maintain a relatively full inventory. This means that on average the gas they store always costs less than the current spot price. On the other hand, when gas prices are dropping, they keep inventories low, so they aren't holding a lot of gas that cost them more than the market price.

It's the exact same thing you do to minimize how much you pay for gas. If the price is going up, you fill up in the morning before the price changes go into effect, and you fill the tank full. When the price is going down, you guy your gas in the afternoon, after the price changes, and you buy just what you need. The wholesalers and bulk storage facilities do exactly the same thing, except on a much larger scale. Gas prices have been plummeting lately, so all of the bulk storage facilities have been keeping their stocks low.

Then along came Gustav, which impacted the ability of refineries to deliver fuel to the regional and local bulk storage facilities. That hasn't been a huge deal because they were drawing down their stocks anyway. But now Ike is headed for Galveston, and the pipelines are being shut down completely. And that is where the fertilizer hits the propeller. When you're in a low stock condition, you are relying on a steady flow of gasoline to maintain smooth distribution. When that steady flow is disrupted, you're only hours away from shortages.

It's been more than a few hours, and shortages are already here.

So the price of a gallon of gas is skyrocketing, even at stations, like Pilot, that have enough gas to get through the interruption without going dry. So why are they raising their prices? Aren't they gouging?

Nope. If you've been out in Knoxville at all today, you've seen long lines of cars at gas stations. You've seen people filling up cars, trucks, motorcycles, lawnmowers and gas cans. They are in a panic mode, and they're buying more gas than usual. Even though Pilot has enough to get through the crisis at normal levels of sales, there's no way they can sustain sales at the rate they are going. So what do they do? They raise prices. By raising prices, they discourage people with brains from buying more gas than they need. They discourage people from driving more than they need to. In effect, they are encouraging conservation by using market forces rather than governmental coercion.
"Life is tough, but it's tougher if you're stupid."
John Wayne

esa5444
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Re: gas lines?

Post by esa5444 » Mon Sep 15, 2008 1:31 am

There were gas lines all over Houston on Thursday and at the outside of Houston gas stations today. The stations within Houston are usually out of gas right now, or at least the electrical power to pump it. To whoever credit belongs, however, everyone who tried to get out, did, or failed but not because of gas shortages. A lot of refineries were shut off in preparation for this storm, but I think they sustained little to no damage and should be online within the week. As for me, I have exactly a full tank of gas, and with the curfew and road conditions, it's unlikely that I will be able to burn it in less than 2 weeks.

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