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Reports are coming in from all over the state - prices have spiked as much as $1.00 a gallon in a matter of hours.

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1 posted on 09/12/2008 1:41:12 PM PDT by Old Sarge
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To: Old Sarge

THat’s a democrat Governor, right? I thought the wholesale price went up, so it seems reasonable for the gas stations to raise prices accordingly.

Also, it seems that will discourage people from running out to get gas when it is scarce, unless they really need it. They can wait a week for the price to come back down.

Oh well. I’m sure the gas stations can afford to sell product at a loss for a couple of weeks, to make the governor look good.


86 posted on 09/12/2008 3:10:54 PM PDT by CharlesWayneCT
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To: Old Sarge

Well, here in North Central Indiana reports that gas is $4.50 in Kokomo and a report on Fort Wayne radio that stations there are “running out of unleaded”.


87 posted on 09/12/2008 3:13:24 PM PDT by John W
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To: Pete-R-Bilt

Ping. ... what we talked about this morning...


90 posted on 09/12/2008 3:19:26 PM PDT by glock rocks (The American presidency is not supposed to be a journey of personal discovery. -Sarah Palin)
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To: Old Sarge

Southeat Kentucky mainly fuels from the tank farms out of Knoxville, Tn. Knoxville is feeling a big price hit and shortage right now also.


92 posted on 09/12/2008 3:32:53 PM PDT by cva66snipe ($.01 The current difference between the DEM's and GOP as well as their combined worth to this nation)
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To: Old Sarge
The Houston Chronicle had articles about the refinery shutdowns due to Hurricane Ike. One of the news articles said that spot prices for gasoline jumped $1.50 per gallon overnight Thursday.
94 posted on 09/12/2008 3:51:10 PM PDT by topher (Let us return to old-fashioned morality - morality that has stood the test of time...)
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To: Old Sarge
This is BS!

PA is $3.49 tonight.

You can not tell me the the distribution lines will be that disrupted by this!

98 posted on 09/12/2008 4:00:56 PM PDT by WakeUpAndVote (I Freep, therefore I am.)
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To: Old Sarge

Somebody posted last night to expect this problem today. They were pretty well bashed and flamed, but they did say to expect $1 to $1.41 rise in prices overnight.


100 posted on 09/12/2008 4:03:07 PM PDT by EBH ( ... the riotousness of the crowd is always very close to madness. --Alculin c.735-804)
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To: Old Sarge; All
Background information on refinery shutdowns from Houston Chronicle via FreeRepublic links:

As refineries button up, fuel supplies cause concern

Gas stations run short amid rush to fill up

102 posted on 09/12/2008 4:06:24 PM PDT by topher (Let us return to old-fashioned morality - morality that has stood the test of time...)
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To: Old Sarge
Also there is this article about gasoline shortages in Tennessse:

Knox hit with gas shortage

103 posted on 09/12/2008 4:08:09 PM PDT by topher (Let us return to old-fashioned morality - morality that has stood the test of time...)
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To: Old Sarge

It’s gettin on up here in GA.
$3.90/gal I saw on my way home from work.
It was around $3.59 two days ago.


106 posted on 09/12/2008 4:12:43 PM PDT by bamahead (Few men desire liberty; most men wish only for a just master. -- Sallust)
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To: Abathar; Abcdefg; Abram; Abundy; akatel; albertp; AlexandriaDuke; Alexander Rubin; Allerious; ...
Kentucky's governor has signed an order declaring a state of emergency and invoking the state's anti-price gouging law...



Libertarian ping! Click here to get added or here to be removed or just reply to this post!
110 posted on 09/12/2008 4:16:33 PM PDT by bamahead (Few men desire liberty; most men wish only for a just master. -- Sallust)
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To: Old Sarge
There was talk about building new refineries after Hurricanes Katrina and Rita at old military bases.

But once refineries in Baton Rouge, New Orleans and Biloxi were back online, nobody cared.

There has only been ONE new refinery built in the 50 to 70 years, and I think it was just recently started in the process of construction...

Surprise! Another pair of hurricanes and another problem with gasoline supplies and prices...

The only reason the oil companies (50 to 70 years ago) built the refineries where they did was to be close to the supply.

113 posted on 09/12/2008 4:19:51 PM PDT by topher (Let us return to old-fashioned morality - morality that has stood the test of time...)
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To: Old Sarge

Gas went from $3.75 here to $3.99 in a matter of hours. And its just going up from there.


131 posted on 09/12/2008 5:16:48 PM PDT by kimmie7 (I'm voting for the woman. All the others PALIN comparison.)
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To: Old Sarge

What are sellers supposed to do? If it was me I’d cease sales till my wholesale price came down.


140 posted on 09/12/2008 6:00:10 PM PDT by Figment ("A communist is someone who reads Marx.An anti-communist is someone who understands Marx" R Reagan)
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To: Old Sarge

What are sellers supposed to do? If it was me I’d cease sales till my wholesale price came down.


141 posted on 09/12/2008 6:00:30 PM PDT by Figment ("A communist is someone who reads Marx.An anti-communist is someone who understands Marx" R Reagan)
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To: Old Sarge
” invoking the state's anti-price gouging law as Hurricane Ike bears down on the Texas coast. “

So how then will the scarce supplies be allocated? Price is usually the best way to do it.
They are running out of gasoline, and usage needs to drop for awhile.

146 posted on 09/12/2008 6:08:37 PM PDT by HereInTheHeartland (Help fight the left's anointed candidate, contribute and work for McCain/Palin..)
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To: Old Sarge
If prices are jumping that much now, the Governor is spot on, and BOLD! The gas they're selling now has NOT been affected in price by any storm, terrorist action, or anything. The raising of prices to that level is nothing more than predatory price gouging, it's absolutely despicable. Good for him for having the hutzbah as Governor to protect the economic interests of The People. I salute his integrity and his will.
148 posted on 09/12/2008 6:38:57 PM PDT by thatdewd
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To: Old Sarge

I live in southern Indiana - just 7 miles from downtown Louisville—across the Ohio River. I live near 3 gas stations (right off I-64) - one of them is now at $4.19, another at $3.99, and the other is CLOSED—all the lights are off...which is very, very unusual.


151 posted on 09/12/2008 6:47:15 PM PDT by MasonGal
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To: Old Sarge
Reports are coming in from all over the state - prices have
spiked as much as $1.00 a gallon in a matter of hours.


As much as it is immoral or illegal to have this sort of price-gouging...
if I were the governor of Kentucky...
I'd issue a statement to the citizens of the fair state of Kentucky
that now they are going to experience the economic H-LL that
they'd have EVERY SINGLE FREAKING DAY...
if they vote like the SUICIDAL MORONS of CALIFORNIA.

And let them suffer for a day or two before issuing the indictments
for these peckerwoods.

If the folks in Kentucky have to suffer a bit...
they might as well learn an unpleasant lesson in Democratic economics.
And see the ugly truth of lieberal economic policies.

And that the push for vehicles that can run on more than one
fuel source (Flex-Fuel) isn't such a bad idea.
Even if Billionaire T. Boone Pickens is pushing the idea right now.
154 posted on 09/12/2008 7:09:29 PM PDT by VOA
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To: Old Sarge

He is an absolute idiot. If I were a gas station owner, I would shut down and not sell another drop of gas until he lifts the state of emergency.


163 posted on 09/12/2008 8:11:17 PM PDT by Theophilus (Abortion: 9/11 Every Single Day)
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