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Whoever has the KY Ping List, please activate it!
***Reports are coming in from all over the state - prices have spiked as much as $1.00 a gallon in a matter of hours. ***
I’m sure glad I filled up my trucks and cars last week for $3.49 a gallon. It is right now $3.79 and going up.
Today, the only station I saw gas at $3.59 had cars backed way up waiting for gas.
I just wish I had filled up my tractor and gas cans also.
Supply and demand cannot be changed by government edict.
Every price control leads to shortages—through thousands of years of history. See Thomas Sowell’s book “Basic Economics”.
My prayers are with the people of Kentucky.
ECON 101: Cap the prices, hello GAS SHORTAGE.
Will the politicians never learn?
Gotta let the prices ride, if we want to maintain a supply for those who need it and are willing to pay. ECON 101.
A “State of Emergency” over inflated gas prices, prior to a hurricane in Texas? That’s odd.
It’s also odd that the governor is jumping at “anti-gouging” laws. What is gas to be worth when it is in limited supply? Let the market find its price.
If we were selling something on eBay, should we be forced to give it to the 15th highest bidder?
Refineries shut down. Gas stations have to bring in enough in sales to buy a new tankload at higher cost when the storm passes.
I’d probably just close off gas sales until the tanker price comes back to about normal.
Beshear may have a lot of empty highways over the next week.
Gas was $4.70 here in Wilson, NC this morning.
Yesterday, I paid $3.57.
He’s trying to derail Northup’s bid for Congress, covering the backside of his pal, John Yarmuth. It’s just a political stunt from a particularly dirty pol.
I paid $3.77 for premium a few days ago & now it’s back up to $4.09 today in Ashland, Ky.
Arkansas has now declared a state of emergency. Reports of $5.00/gal
http://www.todaysthv.com/news/local/story.aspx?storyid=72466&catid=2
Now *there’s* something for McCain-Palin to address (not that it shouldn’t necessarily be a state issue).
It’s gone up 30 cent a gallon in the past 2 days here in Georgia...over $4 again.
How long has it been since a new refinery was built in the United States?
I’d say that a shortage of gas due to Hurricane Ike is now pounding nails into our coffins thanks to nutcase environmentalists like Al Gore and “Greens” in Congress.
I’ve got news: there is no such thing as price-gouging. Raising price always lowers demand, and sellers know it. When supply goes down, demand has to go down, otherwise the market doesn’t clear appropriately. What idiot lawmakers don’t uderstand is that high prices are there to help people. Without price as a rationing function, some people would fill up gallon jugs of gas to store in their garages, while others would go gas-hungry.
Gas jumped 6-cents a gallon overnight, up here in southern Wisconsin.
Find the cheapest gas in your area:
Tell the Greenie-Weenies to just produce more ethanol to fix the gasoline shortage! LOL.
I just called my favorite gas jockey here in PA. He says the price is now $3.39 and going up by $1 tonight.
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.
Will the Nat’l Guard be drilling for oil?
This just illustrates all the more why we CANNOT keep all of our eggs in one basket so to speak. I’m not sure on this, but aren’t our most productive oil drilling areas currently off Florida and in the Gulf of Mexico?
We are already in enough of a bind with foreign oil dependence, but the Democrats are keeping our domestic oil supply in jeopardy by NOT allowing drilling in places like ANWR, and leaving the US in jeopardy of suffering a catastrophic blow to the oil infrastructure should something awful, God Forbid, occur!
It’s borderline treasonous because we’ve been lucky so far, and we are at war, and I’m sure our real enemies would love to kick us while we “down” so to speak...
Just more and more reasons to Drill everywhere you look, and everyday more pop up as well. It makes absolutely no sense NOT to! We have to, as with everything, keep all the options on the table. Support drilling, and support research and development of a wide variety of alternate renewable and/or clean energy solutions. It’s really that simple. That way we will be safe, secure, prosperous, and responsible all at the same time... JMHO of course!