Panic driven spike?
Petroleum investors not happy.
The guy’s a liar.
I just pulled up the gas buddy map. Almost all the stations in North Dallas and the northern suburbs are out of gas.
So I’ll say it again. He’s a liar. And not a very good one.
My question is, what are the Tesla owners doing since the power is out?
Sounds like there is a crisis, just not caused by lack of inventory but by an attempted shift of inventory location.
Unfortunately my fam tactical reserve was disrupted by a physical move and I’m down to a few weeks w/o a trip to refuel for daily travel. Hurricane Season is a time to be drawing down from a full reserve filled with Summer fuel in anticipation of a partial refill with Winter fuel when that stuff is in the station tanks.
Oh well. Let Texas and La. recover soon.
Corpus Christi’s Storm-Ravaged Energy Industry Begins Slow Recovery
and
Traders Clear Europe’s Tanks by Shipping More Gasoline to U.S. (at what price?)
and
Corpus Christi’s Storm-Ravaged Energy Industry Begins Slow Recovery "Refiners Citgo Petroleum Corp, Flint Hills Resources and Valero Energy Corp are moving to restart their plants in Corpus Christi, as is the nearby Valero Three Rivers refinery, according to sources, company officials and filings."
This whole thing will pass over in 4 or 5 days. The problem is a combination of things. Some is panic, some is price going up, and from I saw today in Dallas some is idiots running around in a dither because they had little gas to start the day and were tearing around trying to find it and burning up the little they had. Also it’s a holiday weekend. Any travel of consequence over the short holiday brings with it the worry travelers may have trouble refilling in order to get back home. Uber service apparently was pretty much nonexistent today as well.
They are lying folks. When you pass station after station and they have no gas, you have a shortage. So now they say we should have some by later next week. Meantime we have to walk even though they insist there is NO SHORTAGE.
Gas up about .20 to 2.35 today been around 2.00-2.10 for a bit.
I am in Warrenton VA (about 50 mi from DC.
Just another tricky day for you.
Perhaps he could make a case to the speculators. Unleaded Gas futures are up about 50c this past week, and gas in Pennsylvania is up 20c in the past two days.
Yesterday, listening to Rush, radio station news said “Colonial Pipeline is shut down. 30% of gas supply is off line to the Southeastern U.S.” My sister called to tell us at 7 AM Sams Club had gas at $2.22.......at 9 AM price was up to $2.55 We are in NC about an hour from the NC/VA line. My husband filled all our gas cans, mowers, vehicles before the hurricane hit Texas. We live out in the country...drive v-8 vehicles....so we knew prices were gonna go up, and peeps were gonna panic. This same mantra is repeated every single time there is a mother nature disaster.
Up here in double the price gas Canada there is no shortage but prices have spiked. They never let a good crisis go to waste up here.
He's exactly right. Within 2 weeks everything will be back to normal. I talked to a guy at a gas stationb yesterday and he said they had wankers coming in with multiple 5-gal cans to fill up along with their cars. Fortunately, I filled up my car last friday and have driven a whopping 17 miles on the full tank, since I don't have to commute.
For regular commuters though, this panic may adversely affect them.