Rumors already flying on Gas Price Increase due to Rita
- Thread starter bamacre
- Start date
Quick buy all the gas you can while it is cheap so it goes up to 5 dollars a gallon for the next month!!
Lately, if the sun comes up it's an excuse to raise oil prices. I have seen hurricanes over the past 20 years and gas prices have never been affected until this year.
I heard on the raido that texas has no more oil!
Thats %25 of our crude oil!
I also heard that Rita may not exist and its all a ploy so the government can tax gas more! This is like Wag the Dog only it's not a movie!
Thats %25 of our crude oil!
I also heard that Rita may not exist and its all a ploy so the government can tax gas more! This is like Wag the Dog only it's not a movie!
I filled it up last night @ 2.83/gallon.
saw this price hike coming since monday. I am expecting $1-1.5 jump, possibly hit it to $2/gallon. good thing is I am not gonna fill up again in 2 weeks.
saw this price hike coming since monday. I am expecting $1-1.5 jump, possibly hit it to $2/gallon. good thing is I am not gonna fill up again in 2 weeks.
Queasy
Moderator<br>Console Gaming
- Aug 24, 2001
- 31,796
- 2
- 0
A good chunk of oil production in the gulf has been shutdown because of Katrina. A quarter of oil refining has been shutdown for a couple of weeks since Katrina. That'll have an effect on gas prices that are already high because of supply issues.
Hopefully, Galveston won't be adversely affected otherwise we are looking at having 50% of our refining capacity shutdown.
Ryan
Lifer
- Oct 31, 2000
- 27,519
- 2
- 81
Originally posted by: bamacre
Fill up tonight if you need to, don't wait. My dad works in an oil-based business and called me this evening and told me to fill up if I needed to. Luckily I had filled up this morning.
Panic mode = ON
No - the gas price increase is due to people like you.
Vic
Elite Member
- Jun 12, 2001
- 50,422
- 14,337
- 136
Do NOT change your normal gas buying habits.
Unless you buy less. Do not more buy more. Do not rush down and fill up if you don't need to. This type of needless panic is more responsible for raising gas prices than the damn hurricanes. Simple laws of supply and demand at work here.
Unless you buy less. Do not more buy more. Do not rush down and fill up if you don't need to. This type of needless panic is more responsible for raising gas prices than the damn hurricanes. Simple laws of supply and demand at work here.
Gas prices have dropped quite a bit for me as well over the past ten days or so.
$3.55 post-Katrina
$2.72 as of today
$3.55 post-Katrina
$2.72 as of today
Rubycon
Madame President
- Aug 10, 2005
- 17,768
- 485
- 126
Sure it does however consider this.
Who in their right mind is going to let the tank in their Suburban sit on 0.25 TODAY knowing that tomorrow or the day after prices could be $1.00 or more per gallon? So the fun begins and lines form. Most folks here are too young to remember 1973 or even 1979.
Good thing I have no use for gas!
Maybe in the very short term, but people aren't going to drive more now because they know gas prices will go up in the future.
Where I live it never goes up more than .10 a day, and that was during the Katrina scare...this week the price was $2.30, yawn...It never got more than $3.10 here anways...yawn.
- Jul 1, 2004
- 21,029
- 2
- 81
Originally posted by: Ryan
Originally posted by: bamacre
Fill up tonight if you need to, don't wait. My dad works in an oil-based business and called me this evening and told me to fill up if I needed to. Luckily I had filled up this morning.
Panic mode = ON
No - the gas price increase is due to people like you.
I agree, except not me inparticular. I filled up this morning because I was on empty. Personally, I could give a rat's ass. I drive a fuel efficient car and work @ home.
mugs
Lifer
- Apr 29, 2003
- 48,920
- 46
- 91
Yeah... you know gas prices are going to go up regardless of whether they SHOULD, because there will be enough people who panic. So it's only logical to fill your tank now, even though you know the demand is artificial.
The only people who can sit back and laugh at everyone else who is "panicking" (or reacting to the situation as any rational person would) are those for whom a substantial rise in gas prices will not significantly affect them financially. i.e. me - I burn a gallon a week going to work. SUCKERS!!!
Stations raised prices 40 cents today.
Had gone to $2.45 post Katrina
Probably another 40 cent jump tomorrow.
Had gone to $2.45 post Katrina
Probably another 40 cent jump tomorrow.
Amused
Elite Member
- Apr 14, 2001
- 57,530
- 20,194
- 146
Kent Brockman: So, professor: would you say it's time for everyone to panic?
Professor: Yes I would, Kent.
Kent Brockman: Professor, without knowing precisely what the danger is, would you say it's time for our viewers to crack each other's heads open and feast on the goo inside?
Professor: Mmm, yes I would, Kent.
Professor: Yes I would, Kent.
Kent Brockman: Professor, without knowing precisely what the danger is, would you say it's time for our viewers to crack each other's heads open and feast on the goo inside?
Professor: Mmm, yes I would, Kent.
things i hate:
1. panicky people (ignorant buffoons who cause panic for no reason)
2. oil and gas companies
although if i owned a gas or oil company im sure my list would change
1. panicky people (ignorant buffoons who cause panic for no reason)
2. oil and gas companies
although if i owned a gas or oil company im sure my list would change
TRENDING THREADS
-
Discussion Zen 5 Speculation (EPYC Turin and Strix Point/Granite Ridge - Ryzen 9000)- Started by DisEnchantment
- Replies: 25K
-
Discussion Intel Meteor, Arrow, Lunar & Panther Lakes + WCL Discussion Threads
- Started by Tigerick
- Replies: 24K
-
Discussion Intel current and future Lakes & Rapids thread- Started by TheF34RChannel
- Replies: 23K
-
-
Facebook
Twitter