The real reason why gas prices are so high

[SagaLore]

I'm taking a Weather and Climate class this semester, and last week we had a meteorologist (hurricane specialist) from Accuweather give a presentation. He made an interesting point...

Whenever a hurricane is forecasted and supposed to move in the direction of the ocean oil rigs, operations are shut down and everyone leaves the rig. Then when the hurricane passes, they return and it takes at least a month, sometimes two to start operations back up.

This year we have seen the most hurricanes than we have for a long time.

After he mentioned this, he commented that this is most likely the reason we've seen the gas price increases that we have. Just something to think about...

 

[iamwiz82]

Gas prices are down here. This week was the first time in a long time that I paid under $2/gal for premium.

 

[Ogg]

Right !!
The ferocity of the hurricanes in the gulf this season not only caused a cease of operations but moved and caused considerable damage to the pipeline system that criscrosses the sea floor. Pipelines are generally laid in a shallow trench made by a jet of pressurized water or just dropped right on the bottom of the gulf and are buried by wave action. A powerful hurricane unconvers the lines and moves them or breaks them, etc...........three entire platforms/rigs lost mooring and were floating after the last batch of hurricanes. They are still not back to full capacity and are still inspecting damage......

 

[BillGates]

Weathermen are wrong about things all the time - what makes you think this is any different?

 

I don't think this is the main driving reason why gas prices are high. It is definatly a factor, but I doubt we will see a drop in gas prices as these oil rigs come back online.
Woulndn't the refinement lag make this drop in crude output almost a null point?

 

[Demon-Xanth]

Still $2.20/gal for 87 here. I doubt I'll ever see sub $2/gal prices ever again. I never did see (not even once) sub $1/gal prices in the first 10 years of driving.

 

[iamwiz82]

Originally posted by: Demon-Xanth
Still $2.20/gal for 87 here. I doubt I'll ever see sub $2/gal prices ever again. I never did see (not even once) sub $1/gal prices in the first 10 years of driving.

In 1999 and early 2000 gas was under $1/gal in SE Michigan. I remember filling up from E on $10 🙁

 

[TheAudit]

Originally posted by: Demon-Xanth
Still $2.20/gal for 87 here. I doubt I'll ever see sub $2/gal prices ever again. I never did see (not even once) sub $1/gal prices in the first 10 years of driving.

Yep, $2.19 for 87 by me. Still.
I remember when $1.40 for super was really high.

 

[Demon-Xanth]

We were paying $1.40/gal. Quite a few places still have 87 octane for $2.35/gal here. Supposedly a refinery went down (for about a week) that makes gas for California, and that raised prices $0.40/gal, prices took a small drop of $0.20 in the last two weeks. But that was after months of being jacked up. And when Ivan hit, they raised prices on top of that, and when the oil prices went up, they raised prices even more. Gas prices rarely fall, but they like to go up awfully fast, and often. I used to fill up for $25. Now I'm around $40. It's the cost difference of having to buy a new, latest release DVD every 10 days, or a brand new game every 3 weeks.

 

[SagaLore]

Originally posted by: SampSon
Woulndn't the refinement lag make this drop in crude output almost a null point?

Gas stations change their prices almost instantly after hearing news that could affect the gas costs that won't be realized until months down the road. So no.

 

[mcvickj]

I just filled up on 87. The price per gallon was $1.80. About 3 weeks ago it was dang near $2.20!!!

 

[tkdkid]

Maybe so, but Exxon and other's recently reported record profits. So...the real reason is just greed combined with the ability to easily screw people.