Counting down!
Hey, look! It's coming right to my place.
Posted on 09/11/2008 3:32:57 PM PDT by kms61
Expect gasoline prices to rise overnight as much as a dollar and-a-half a gallon. That's the warning from several business sources including one major Baton Rouge multi-station operation.
However, a spokesman for Triple A Louisiana discounted the report. "We still have at least a 20 day supply, said spokesman Don Redman. "We certainly wish we had a healthier supply than that but we are certainly asking the service station industry to refrain from any panic pricing," Redman said.
The approach of Hurricane Ike to the Houston area has produced a panic gasoline markets. The fears are driven by the fact that refineries are shutting down in metro Houston taking away 16 percent of America's gasoline refining corporation.
The controller of one gasoline operation tells WAFB News she is ordering her delivery truck drivers to pickup no more gasoline deliveries after 6 p.m. today which is the normal hour that prices are changed by refineries for the subsequent 24 hours.
WAFB News has learned that the daily price-setting from Shell Oil Company, which usually comes in by 3:30 in the afternoon still had not arrived at 4:15 p.m.
A gasoline price guide used by the industry, known as "Fuel Prophet LLC" is advising Gulf Coast dealers to prepare for a price rise overnight of $1.41 a gallon for conventional unleaded gasoline. The so called "rack advice" for low sulfur diesel fuel is much more modest - 15 cents a gallon.
The Louisiana Oil Markets' Association has posted an emergency message to State Attorney General Buddy Caldwell warning him of the expected increases in an effort to avoid allegations of price gouging.
Huh?
Filled up this afternoon for $3.44. The station was fairly busy, but not unusually so. Later, I went out to eat and there were lines at a couple of gas stations as people apparently had gotten wind of a significant price increase. Whether it’s true or not is another story. But, since I’m driving 450 miles tomorrow with a trailer, the price of gas is bound to rise significantly. It’ll drop right after I get back home.
You two are already into yer third Hurricane Jug of Jack ain’t ya !!........;o)
And it ain’t even raining yet.....LOL !
Ironically, I'm the one who is out of harm's way.
I'm worrying and praying for the rest of 'em.
Counting down!
Hey, look! It's coming right to my place.
Panic Pricing, that’s a new one. I am so used to the term Price Gouging.
You be careful. No Raptor rides. ;-)
I just was pumping at 3.669 while he changed the sign to 4.09
States of emergency due to pricing have been declared in KY and AR.
In Boone County, WV, gas went up from $3.61 to $3.85 to $.4.05 in one night.
I went out about an hour ago and Shell was priced at $5.09 this station was very close to Knoxville. The rest of the stations will be there by late tonight or tomorrow morning. Some were still at 4.45-4.59.
someone needs to call your attorney generals office and complain about that station doing a bit of price gouging..I bet they are.
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