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Old 08-31-2005, 01:49 PM   #1
Kitsune
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This weekend: <a href="http://www.investors.com/breakingnews.asp?journalid=31301411&brk=1">$4 per gallon</a>!
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Old 08-31-2005, 02:16 PM   #2
Hobbs
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Ahh yes. And so it starts. There are already reports around my area that stations are running out of fuel. Not because we are running out of fuel in Phoenix, but becuase of the idiot media reporting that gas could rise to $4 by weeks end and might be hard to come by to all the idiot people who promtly panic and head off the the nearest gas station to top off. Thereby, throwing an unexpected strain on the current supplies at the stations. I hope the terrorists are watching, this will give them some really good ideas on how to cripple the mighty United States.


Incidentally, we will never see gas prices fall below $2.80 ever again...mark my words. It's that racheting effect of pricing I mentioned earlier in the thread; if prices go to $4 (which I think it's doubtful, $3.50 maybe).
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Old 08-31-2005, 03:00 PM   #3
Kitsune
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Anyone care to offer their predictions on what all of this will eventually lead to? Are we going to see a massive collapse of the economy, a recession, or is all of this fairly temporary?
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Old 08-31-2005, 03:03 PM   #4
Griff
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I wouldn't be afraid to invest in another box of shells if that's what you mean.
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Old 08-31-2005, 04:44 PM   #5
plthijinx
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Quote:
Originally Posted by Kitsune
Anyone care to offer their predictions on what all of this will eventually lead to? Are we going to see a massive collapse of the economy, a recession, or is all of this fairly temporary?
not so sure that it's temporary. and i can see the oil companies forcing a recession out of greed. they're fixing to spend billions fixing their refineries, pipelines and offshore platforms. of the 10 or so helecopters i worked with all day yesterday they came across numerous damaged or destroyed platforms in the 50-75 mile radius we were working. unfortunately, those costs, like any other to any consumer for any product, will fall back on us as if it hasn't already happened. well, i know i feel the impact.

i am reminded of that old cocain commercial in the late 80's/early 90's only here is a different spin:

"i buy gas so i can go to work to earn more money to buy more gas so i can go to work so i can earn more money so i can buy more gas...."
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Old 08-31-2005, 04:48 PM   #6
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from the houston chronicle:

A sign directs officials and volunteers to the evacuee staging area at the Astrodome in Houston, Wednesday, Aug. 31, 2005. More than 20,000 people affected by Hurricane Katrina are expected to be transported from the New Orleans Superdome to the Astrodome for shelter. (AP Photo/Pat Sullivan)
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Old 08-31-2005, 04:49 PM   #7
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jumped from 2.48 two days ago to 3.20 today here. And premium ONLY is available anywhere in this town.

NATIONWIDE GOUGING IN PROGRESS
pISSES ME RIGHT ON OFF
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Old 08-31-2005, 05:18 PM   #8
Kitsune
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Quote:
Originally Posted by capnhowdy
jumped from 2.48 two days ago to 3.20 today here. And premium ONLY is available anywhere in this town.
You know what would be a real kick in the balls? Let us say, just for fun, that another storm suddenly forms in the Atlantic like Katrina did. Let's say that it starts heading for the US coast. Let's make it even more fun by imagining what would happen if the thing threatened a major city, like New Orleans, as a catagory four or five.

Now, know that during evacuations here in Tampa, gasoline completely dissapears. As in all grades of gas go away as people flood up the interstate and rush to fill generators. In 2004, even with good supplies, people found themselves stranded on the road while they were trying to get the hell out of town.

What do you think would happen, with the current pipeline problem, if the weather decides to take another swipe in the coming weeks?

The number of dead in Gulfport and New Orleans would suddenly be insignificant.
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Old 08-31-2005, 06:43 PM   #9
tw
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Quote:
Originally Posted by Kitsune
You know what would be a real kick in the balls? Let us say, just for fun, that another storm suddenly forms in the Atlantic like Katrina did.
Of course the New Madrid earthquake fault line in Missouri on the Mississippi is overdue for slippage. Don't things happen in threes?
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Old 08-31-2005, 04:54 PM   #10
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one more:
Frank Kaljo, who said he can only afford one gallon of gas, fuels his car at a Marathon gas station Wednesday, Aug. 31, 2005, in Chicago where the top grade was selling for $3.89 per gallon. As the shutdown of supplies from the oil-rich Gulf of Mexico drove energy prices to hew highs, the White House signaled Wednesday it is willing to tap into the nation's oil reserves to help refiners whose supplies were disrupted by Hurricane Katrina. (AP Photo/Charles Rex Arbogast)
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Old 08-31-2005, 06:40 PM   #11
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Quote:
Originally Posted by plthijinx
As the shutdown of supplies from the oil-rich Gulf of Mexico drove energy prices to hew highs, the White House signaled Wednesday it is willing to tap into the nation's oil reserves to help refiners whose supplies were disrupted by Hurricane Katrina.
Oh those devilish details. What does that report forget to mention? What is the other half of the truth they forgot to mention? There is not shortage of crude. There is a shortage of working transport factilities and a shortage of working refineries. But that is alright. You don't know this. Therefore George Jr looks smart. And making George Jr look good is the important point. So we open the strategic oil reserve.
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Old 08-31-2005, 04:56 PM   #12
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Houston Chronicle photo gallery. worth browsing through.....
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Old 08-31-2005, 05:27 PM   #13
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that and/or the storm hits Texas City just north of Galveston and stays on track to hit Pasadena as well. then with that, most of the entire south will not be producing gasoline. some of the majors here, just to name a few include: Marathon, BP, Valero etc.....
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Old 08-31-2005, 05:50 PM   #14
plthijinx
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just saw a BP station in atlanta on the national news with $6.03+/- for premium
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Old 08-31-2005, 06:47 PM   #15
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Quote:
Originally Posted by plthijinx
just saw a BP station in atlanta on the national news with $6.03+/- for premium
Damn, that must be some fine gas. capnhowdy, what's the word on the ground in GA?
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