This is not a panic - it is gouging fed by local gas stations who are blowing smoke up consumer’s behinds.
40-60 cent jumps here in Arkansas that I know about. Governor has declared state of emergency to combat price gouging.
Haven’t heard anything about long lines (and with the price jumps - probably won’t).
But the last I heard yesterday- gas supplies were 20 days. I would kind of see some shortages if the supply was down to a week or so... but not 20 days.
But this should be yet another clear sign of why we need MORE refinery capacity - via refineries spread around the country... so we don’t have this sort of insane panic when 16% of capacity is closed for a few days.
Are you kidding?
If they raised the price more there wouldn't be a shortage/run. Restrain the irrational panic buying and punish the people creating the shortage.