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No, there was no large increase in demand.. .there were a few idiots who went out after the price was raised and acted like mammals... it was very limited. There was no mass run on the pumps, but there are always a few foolish folks who respond to bright shiny stimuli without much cognitive thought.

1. In certain locales, like Atlanta, I would disagree with you. I think there was a mass run on the pumps. 2nd, there doesn't need to be a mass run on the pumps in order for their to be a massive increase in demand. There can be a massive rise in demand from wholesaler on suppliers, which there was as they all feared supply disruption.

The thing about oil and gas is that it is effected by supply and demand... but it's also effected by pure speculation....because it is a traded commodity. Because of fears of war in the middle east, or fears of shortages in years to come. Or because of fears of new technology etc. Because of a lot of factors that are difficult to measure without a "crystal ball."

We have a blip in production in the gulf coast that will effect the immediate production....and yet the strip changes 2 years out. There is no logic for that based on pure supply and demand.

So I'm just saying that the people on this board who make supply and demand statements regarding the cost of oil and gas are only telling half of the story. And comparing a traded commodity to something produced in a manufacturing plant is just not an accurate depiction.