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Old 08-31-2005, 07:21 PM   #1
capnhowdy
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Quote:
Originally Posted by BigV
Damn, that must be some fine gas. capnhowdy, what's the word on the ground in GA?
$3.20 gal premium only..... 30% of stations OUT. Lines 1/2 mile long....

I'm with TW , open the reserves. But wouldn't that weaken our military superiority? I hope this shit doesn't turn out like I'm projecting.
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Old 08-31-2005, 07:58 PM   #2
tw
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Quote:
Originally Posted by capnhowdy
I'm with TW , open the reserves. But wouldn't that weaken our military superiority?
But TW noted how opening the reserves does not solve the problem. It makes George Jr look good to the naive. But does not solve refinery and transport problems. Does not eliminate the bottleneck.
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Old 09-01-2005, 08:04 AM   #3
Kitsune
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Things have stabilized here in Tampa. The gas panic seems to have been short-lived and some of the stations that were once out are now stocked, again. The worst lines seemed to have been on the weekend, but they never extended outside of the stations and onto the streets. Those lines are now gone.

Prices are hovering around $2.73.
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Old 09-01-2005, 08:10 AM   #4
Griff
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I've got to go on a materials run this morning and my pickup's tank is empty. Unless they changed overnight it'll be $2.97.
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Old 09-01-2005, 08:30 AM   #5
glatt
 
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The station on the corner last night in Arlington VA was:
3.92 regular
3.02 Premium
3.09 Super Premium

How weird is that? Must be a rush on the regular, so they raised the price?
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Old 09-01-2005, 09:50 AM   #6
Hobbs
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Gas jumped almost $0.20 over night. It's frickin' $2.99 at one local gas station/car wash. I'm know that there is a wonderful, colorful, flowerey economic explaination that goes along with this (in which I'm sure TW has and/or will reveal), but all I can think of is "gougers."
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Old 09-01-2005, 10:16 AM   #7
LabRat
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2.99 ethanol blend (89)
3.09 regular (87)
3.19 premium (90+)

at most stations I've seen here. No lines, no shortages. No money left over for a Krispy Kreme and coffee...
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Old 09-01-2005, 10:21 AM   #8
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I saw a $3.20 regular this morning.
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Old 09-01-2005, 10:52 AM   #9
Cyclefrance
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Might be some queues at the pumps this weekend...

Quote:
Refinery repairs crucial to economy
OIL prices dropped from all-time highs to under $70 a barrel yesterday after the US government offered to loan oil to the petroleum industry from strategic reserves - but industry insiders say that gasoline will remain expensive and in short supply until refineries are brought back online from damage sustained during Hurricane Katrina. ExxonMobil sources said yesterday restoring products pipeline and marine links, including Mississippi River traffic, was the key to boosting crude runs at its capacity-strapped Baton Rouge, Louisiana, refinery. "The release of the Strategic Petroleum Reserve oil may be beneficial to some refiners, but restoring pipeline and marine links is most important to restoring runs at our Baton Rouge refinery," said Exxon Mobil's Prem Nair. In addition to the Exxon 394,000-bpd refinery now running at reduced capacity, the following refineries remain shut: Chevron's 325,000-bpd refinery in Pascagoula, Mississippi; Valero Energy's 260,000-bpd facility in Norco, Louisiana; Marathon Oil's 245,000-bpd refinery in Garyville, Louisiana; ConocoPhillips' 255,000-bpd Alliance refinery in Belle Chasse, Louisiana; ExxonMobil's 183,000-bpd refinery in Chalmette, Louisiana; and Murphy Oil's 125,000-bpd plant in Meraux, Louisiana
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Old 09-01-2005, 11:10 AM   #10
plthijinx
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I agree with TW, the problem is the mode of transportation for the finished product. the pipelines must be brought back online.

one thing though:
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) was a quote from the associated press/houston chronicle.
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Old 09-01-2005, 11:33 AM   #11
Elspode
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I got a tankful of $2.89 Regular in the wife's Taurus last night. Radio says that it is all $3.00+ this morning (I don't really pass any gas stations on the way to work without going out of my way, so I made no direct observations) on the Missouri side, and 10 cents higher in Kansas (which is our normal spread, even when we aren't being reamed).

Much talk of $3.50 to $4.00 being the top stability point at least through the end of September, no matter what crude prices do.
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Old 09-01-2005, 11:48 AM   #12
plthijinx
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yesterday at lunch the station i normally use had reg. for $2.49 then after work - $3fucking28.
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Old 09-01-2005, 12:41 PM   #13
Kitsune
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<a href="http://news.yahoo.com/s/ap/20050831/ap_on_re_eu/hurricane_katrina_world_hk4">Too late</a>.

"Islamic extremists rejoiced in America's misfortune, giving the storm a military rank and declaring in Internet chatter that "Private" Katrina had joined the global jihad, or holy war. With "God's help," they declared, oil prices would hit $100 a barrel this year."
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Old 09-01-2005, 12:44 PM   #14
Elspode
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That certainly would make it much less cost-effective to blow them off of the face of the Earth.
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Old 09-01-2005, 12:49 PM   #15
chronos
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Gas prices are now effecting me

Well, when I went from $50 to fill up my tahoe to $120 to fill up my suburban, all in a matter of 3 weeks, things do get a bit more tense. Going from $200/month to $480/month for gas really does have an impact.
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