Posted on 09/12/2008 1:41:12 PM PDT by Old Sarge
LOUISVILLE, Ky. (AP) -- Kentucky's governor has signed an order declaring a state of emergency and invoking the state's anti-price gouging law as Hurricane Ike bears down on the Texas coast.
Gov. Steve Beshear signed the order on Friday, saying gas stations started raising fuel prices overnight before the storm made landfall.
Beshear signed the order at the request of Attorney General Jack Conway, who said in a letter released Friday that invoking the law now will help prevent predatory pricing.
(Excerpt) Read more at whas11.com ...
Now, now, now. No need to panic. San Fran Nan, aka Madam Botox, and her band of dims, like Ky’s Blue (lap) dog, Ben Chandler, had a 5 week recess to make preparations for this predictable event. They have our backs!
No, if you mandate people based on what you call “morality” as it appears to you on gasoline prices and availablity, then you can dang well expect the same from others with the opposite take on what is “morality” on issues you/we find important.
My gas went down. Yesterday it was $3.84, this morning it was $3.78. Can’t believe how happy I was to pay such a “low price”.
I pass 3 stations on my way to work (a 6 minute ride no less). Two of them had the same price as yesterday, only one lowered.
Big Spring Refinery (Alon USA), Big Spring 61,000 bbl/d (9,700 m³/d)
Beaumont Refinery (ExxonMobil), Beaumont 348,500 bbl/d (55,410 m³/d)
Borger Refinery (ConocoPhillips/EnCana), Borger 146,000 bbl/d (23,200 m³/d)
Corpus Christi Complex (Flint Hills Resources), Corpus Christi 288,000 bbl/d (45,800 m³/d)
Corpus Christi Refinery (Citgo), Corpus Christi 156,000 bbl/d (24,800 m³/d)
Corpus Christi West Refinery (Valero), Corpus Christi 142,000 bbl/d (22,600 m³/d)
Corpus Christi East Refinery (Valero), Corpus Christi 115,000 bbl/d (18,300 m³/d)
Deer Park Refinery (Shell Oil Company), Deer Park 333,700 bbl/d (53,050 m³/d)
El Paso Refinery (Western Refining), El Paso 120,000 bbl/d (19,000 m³/d)
Houston Refinery (Lyondell), Houston 270,200 bbl/d (42,960 m³/d)
Houston Refinery (Valero), Houston 83,000 bbl/d (13,200 m³/d)
McKee Refinery (Valero), Sunray 158,300 bbl/d (25,170 m³/d)
Pasadena Refinery (Petrobras), Pasadena 100,000 bbl/d (16,000 m³/d)
Port Arthur Refinery (Total), Port Arthur 233,500 bbl/d (37,120 m³/d)
Port Arthur Refinery (Motiva Enterprises), Port Arthur 285,000 bbl/d (45,300 m³/d)
Port Arthur Refinery (Valero), Port Arthur 325,000 bbl/d (51,700 m³/d)
Penreco (Calumet), Houston
San Antonio Refinery (Age Refining), San Antonio 10,300 bbl/d (1,640 m³/d)
Sweeny Refinery (ConocoPhillips), Sweeny 229,000 bbl/d (36,400 m³/d)
Texas City Refinery (BP), Texas City 437,000 bbl/d (69,500 m³/d)
Texas City Refinery (Marathon Petroleum Company), Texas City 72,000 bbl/d (11,400 m³/d)
Texas City Refinery (Valero), Texas City 210,000 bbl/d (33,000 m³/d)
Three Rivers Refinery (Valero), Three Rivers 90,000 bbl/d (14,000 m³/d)
Tyler Refinery (Delek Refining Ltd.), Tyler 55,000 bbl/d (8,700 m³/d)
OK, I added up the list. That is 2,063,000 barrels per day out of 4,822,000 barrels per day, or 43% of the state's capacity. I only added up the ones in and around Stinkadena - no Beaumont, Corpus, etc. Is this list complete, though? I thought there were several refineries in the Permian Basin and south of Victoria along the ship channel?
“Furthermore, the Declaration stood up for the People's right to make a new nation in the event of egregious violations of the Rights to Life, Liberty and the Pursuit of Happiness, in that order — not the “right” to own human life and deny human liberty.”
How is government not impinging on the above when enforcing anti-gouging laws? Whose “liberty” and “Happiness” should be punished to make you happy between the gas station owner who needs to buy expensive gas and the consumer who wants it cheap?
Okay, so what should you have had to pay? How do we make people sell only at what we want to pay?
Read my tagline and tell me your position on it.
Gasbuddy
Arkansas showing prices in the $3.50 range in northern part of the state. El Dorado ranges from $3.54 to $3.99. Texarkana $3.55 to $3.69.
Texas, Bryan showing $3.79 to 3.81.
Louisiana, Shreveport showing $3.46 to $3.99.
You don’t understand. Starting yesterday or a day or two earlier, gas station owners start finding that the price of having gas shipped in from California rather than Texas is that much more, especially since all the refineries are off-line more locally, making a very small amount of gas actually available for the country—a country that is already at its limit for refinery capacity when the weather is perfect.
Think about it.
I just filled up at a Race Trak. All the regular price pumps were taped up and there were just a few of the mid and high price pumps open. Traffic was brisk, to say the least. Paid $3.79 for medium and was glad I got it for that.
Florida
There’s the one in Big Springs but, I think these are the largest ones.
“This is actually a case of increasing demand, if you’ve seen the lines.”
Consumers respond to market signals, just like sellers do. High prices signal to them that supply is going down (whether they realize it or not), and they rush to get gas before the price goes too high. If you think about it for just a little bit, this is evidence that a few people are not going to gobble up all the gas before the majority of the population gets to it. Each individual car in line will be tempted to buy as much gas as possible, but the price will prevent them from doing so. Overall, each car will spend less moeny, which will help ensure that the gas gets passed around more evenly.
Will the Nat’l Guard be drilling for oil?
“Microsoft can be said to have ‘monopolistic practices’ but is certainly not a monopoly”
Microsoft is only said to be a monopoly by people who don’t know better and competitors who do know better. Remember that anti-trust case? What charges did they bring against Bill Gates? They said he had participated in unfair trading practices by offering a web browser to the public FOR FREE. How dare he!
If we did, we’d make it cheaper...
“This is NOT supply-and-demand interference. The hurricane hasn’t even hit yet”
Sellers try to anticipate the future price. It does little googd to wait and raise prices after the hurricane is already here.
Freaking retards. I saw idiots at every gas station I passed filling up everything they owned. I WILL NOT be part of the herd.
The rush is lemming panic buying. There is 20 days worth of gas in storage. No one is going to go without except the places where price controls are in place.
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