MachIVshooter
Member
1 US gallon is 3.78 liters. (1 quart=946ml)
So our current average here is somewhere around $0.80/liter.
Gas Prices/Gas Shortages
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1 US gallon is 3.78 liters. (1 quart=946ml)
So our current average here is somewhere around $0.80/liter.
Jeff Timm
Member
The fact remains, in the infinite wisdom of Washington DC. Every little area of the country has its own special formula of gasoline. Which according to critics, are totally worthless in controlling pollution, as two identicle cars burning the different blends, will indicate no appreciable difference in output.
The idiots just waived the requirement. The Democrat Communists will slur the administration and all Republicans for polluting the environment and causeing the hurricanes by not signing an idiot agreement which requires the US of A taxpayer to send billions of dollars to 4th world dictators, so they can pay too much for French hookers.
We don't have any new refineries in this country, because the EPA changes the rules so fast you can't build one that meets the Regulations!
Geoff
Who wants standardized national Fuel requirements, two nuclear standard power plants in every state (high ground please) and drilling in all available areas of the US of A.
The idiots just waived the requirement. The Democrat Communists will slur the administration and all Republicans for polluting the environment and causeing the hurricanes by not signing an idiot agreement which requires the US of A taxpayer to send billions of dollars to 4th world dictators, so they can pay too much for French hookers.
We don't have any new refineries in this country, because the EPA changes the rules so fast you can't build one that meets the Regulations!
Geoff
Who wants standardized national Fuel requirements, two nuclear standard power plants in every state (high ground please) and drilling in all available areas of the US of A.
Waitone
Member
Yep, 8 refineries in Louisiana shut down.
Little and generally unknown factoid I just rooted out: did you know that 4 of the refineries where throttled back to 40% capacity to satisfy the demands of the EPA?
Lemme see here.
--No refineries built in 25+ years to safisfy environmental demands.
--40 + blends of gasoline to satisfy environmental demands
--At least 4 refineries throttled back to satisfy environmental demands.
--Can't drill in ANWR to satisfy environmental demands
--Areas off FL, SC, NC, CA, OR, and WA off limits to satisfy environmental demands.
Does anyone see a pattern here?
Maybe this disaster will put a shiv into the ribs of the radical environmentals. It is well past time.
Little and generally unknown factoid I just rooted out: did you know that 4 of the refineries where throttled back to 40% capacity to satisfy the demands of the EPA?
Lemme see here.
--No refineries built in 25+ years to safisfy environmental demands.
--40 + blends of gasoline to satisfy environmental demands
--At least 4 refineries throttled back to satisfy environmental demands.
--Can't drill in ANWR to satisfy environmental demands
--Areas off FL, SC, NC, CA, OR, and WA off limits to satisfy environmental demands.
Does anyone see a pattern here?
Maybe this disaster will put a shiv into the ribs of the radical environmentals. It is well past time.
On the contrary. This is avarice personified, but not in the way you think. The RETAILERS are the ones setting the prices, and it is in their best interests to NOT RUN OUT of gas. No gas, no money from gas, no one coming to your store, and no sales on overpriced crap in your convenience store.
This is, in fact, an area in which avarice and the common good run hand in hand (which, not incidentally, is more common than you think, since captalism is basically the harnessing of human greed for the benefit of all). We need gas. The gas retailers need to sell us gas. No gas, no money.
Are they making money in the meantime on elevated gas prices? Of course. They're charging more. But they recognize that if they run out, they make no money whatsoever. So it is in everyone's best interest to make sure that they do not run out. This is simple supply and demand. Demand has gone up. Supply has remained constant (for the moment). Ergo, price will rise.
Retailers make money by having a steady, profit-generating state where supply and demand are balanced, and they make a cut. This wildly disrupts that, and causes them to exhaust their supplies, which means they make more loot while they have gas, but they are looking at a dry spell where they will have none to sell, and make no money at all. This is an effort on their part to avoid that dry spell, using the only lever they have, control of the price.
Mike
I dunno, Mike. People in any given area are only going to buy so much gas whatever the price. That is why 'gas boycotts' never work. Whatever you don't buy today, you'll buy tomorrow or the day after. Retailers know that; they might also know that the oil companies, through their distributors, might crimp supplies to support even higher prices. Maybe that is what you're referring to.
Sindawe
Member
Re: The EPA
I've not been able to confirm it yet, but when my boss got back from lunch today, he commented that he'd heard on the glass-teat that President Bush had directed the EPA to rescind the restrictions on regional formulations for gasoline, so that gasoline brewed for one market (say California) could be shipped to regions that have been hit by Katrina.
I've not been able to confirm it yet, but when my boss got back from lunch today, he commented that he'd heard on the glass-teat that President Bush had directed the EPA to rescind the restrictions on regional formulations for gasoline, so that gasoline brewed for one market (say California) could be shipped to regions that have been hit by Katrina.
Waitone
Member
In the mid-90's I managed a manufactured commodities business. During one year severe shortages of critical raw materials developed. Shortages were caused by natural disasters, refineries burning, and international demand is high. Sound familiar. Anyhow, in a period of 4 months we saw the reversal of 7 consecutive years of raw material price decreases. It was an astounding run up in costs. We cancelled or renegotiated prices. Our gross margin (short line profitability) increased to 3 times its normal level. Prices were high because I made prices high. We had product and our competition did not.
The whole time prices and profitability were high I cautioned the organization that when raw materials shortages were over market pricing would correct to historic level and it would correct fast.
It happened exactly that way. Once raws were available market prices corrected fast and there was nothing I could do to stop the slide in pricing. It took 4 months to erase raw material price decreases. It took 6 weeks for prices to collapse back to historic norms once raw shortages were resolved.
Please note Steve Forbes says oil will be $35 / Barrel in one year.
Prices are high but they will drop just as soon as shortages are solved. What we have to do is keep firmly in mind the source of those shortages and take our anger out on those who are responsible for structuring shortages. . . .environmental nazis and their congressional toadies.
The whole time prices and profitability were high I cautioned the organization that when raw materials shortages were over market pricing would correct to historic level and it would correct fast.
It happened exactly that way. Once raws were available market prices corrected fast and there was nothing I could do to stop the slide in pricing. It took 4 months to erase raw material price decreases. It took 6 weeks for prices to collapse back to historic norms once raw shortages were resolved.
Please note Steve Forbes says oil will be $35 / Barrel in one year.
Prices are high but they will drop just as soon as shortages are solved. What we have to do is keep firmly in mind the source of those shortages and take our anger out on those who are responsible for structuring shortages. . . .environmental nazis and their congressional toadies.
No, because in times like these, people horde. Demand is not constant, it has risen, sharply. Ever gone to a grocery store before a major snowstorm? Do you honestly believe people need all that milk, bread and bottled water? Well, they buy it, and grocery stores are cleaned out.
Note: they generally don't raise their prices, either. And they get cleaned out. Hmm!
People will go out and fill up every gas can they have (and maybe buy more) if they think the gas supply will be interrupted and prices will soar to $6 per gallon. Jacking up the price $0.40 cents right away is an attempt to curb that impulse, thus reducing the spike in demand. This will make the on-hand supplies last longer and prevent a very real shortage, which would in turn then freak EVERYONE the heck out, and cause a run on the pumps as soon as they get new supplies. Repeat vicious cycle.
Read the news reports. The retailers are telling everyone to calm down and NOT BUY GAS. This tells me that they have an keen interest in not running out of gas. They have only two ways to do this:
1. Ration.
2. Jack up the price.
They won't be buying it if it isn't there to be sold. This is an effort on the retailer's part to have stuff to sell.
I doubt that the oil industry will be crimping anything. Katrina threw a huge crimp in the system already.
Mike
HogRider
Member
OK here we go: Just filled up my bike. Chevron in North Phoenix. First time I have EVER paid over 3 bucks/gal. $ 3.19 for 91 octane stuff. 
Owen
Moderator Emeritus
If the retailers don't sell the gas they have at the current market price, they may not be able to buy a full tank when they run dry. That is why gas stations sell at the current market price, not the price they paid.
There are emails going around from the Governer of NC, urging people to not buy gas, becasue the pipelines supplying the southeast are non-functional.
Supply drops, demand increases, price rockets.
That's economics
There are emails going around from the Governer of NC, urging people to not buy gas, becasue the pipelines supplying the southeast are non-functional.
Supply drops, demand increases, price rockets.
That's economics
Truck stops ration fuel It's already started.
From the governor of North Carolina
State of North Carolina
Office of the Governor
Michael F. Easley
Governor
Release: IMMEDIATEContact: Sherri Johnson
Date: 8/31/2005Phone: (919) 733-5612
STATEMENT GIVEN TODAY BY GOV. EASLEY CONCERNING GASOLINE SUPPLY IN NORTH
CAROLINA
Raleigh - THE TWO MAJOR PIPELINES THAT FURNISH GASOLINE TO MANY STATES,
INCLUDING NORTH CAROLINA, HAVE BEEN AFFECTED BY HURRICANE KATRINA AND ARE
CURRENTLY WITHOUT ELECTRICITY. THEY SERVICE NORTH CAROLINA AND 8-10 OTHER
STATES.
90 PERCENT OF OUR GAS COMES FROM THESE PIPELINES AND RIGHT NOW THEY ARE
NOT OPERATIONAL.
SUPPLIERS GENERALLY HAVE A WEEK OR SO OF SUPPLY. THEY HAVE BEEN SHUT DOWN
SINCE THE HURRICANE.
THE PIPELINES NEED ELECTRIC SUPPLY AND THE REFINERIES THAT PRODUCE
GASOLINE NEED TO MAKE URGENT REPAIRS ALSO ARE WITHOUT ELECTRICITY. THE
REFINERIES THAT PRODUCE GASOLINE NEED TO MAKE URGENT REPAIRS.
CONSEQUENTLY, WE DO NOT KNOW THE EXTENT OF THE PROBLEM, BUT WE DO KNOW
THAT THERE WILL BE A SIGNIFCANT LOSS OF GASOLINE IN THE SOUTHEAST, AT
LEAST IN THE SHORT TERM UNTIL THE ELECTRICITY IS RESTORED.
THIS IS NOT ONLY A STATE PROBLEM, THIS IS ALSO A REGIONAL AND A NATIONAL
PROBLEM. WE ARE HOPING THAT THE DEPARTMENT OF ENERGY WILL TAKE SOME
ACTION AS SOON AS POSSIBLE. I HAVE TRIED TO GET DIRECTION FROM DOE BUT
THEY HAVE NOT YET RESPONDED.
IN THE MEANTIME, I AM ASKING ALL NORTH CAROLINIANS TO CONSERVE GAS. SOME
STATIONS ARE ALREADY OUT. WAIT FOR MORE INFORMATION BEFORE MAKING LABOR
DAY TRAVEL PLANS.
WE ARE TAKING STEPS TO ENSURE THAT EMERGENCY VEHICLES HAVE THE SUPPLIES
THAT THEY NEED, POLICE, FIRE AND RESCUE.
I AM IMMEDIATELY SUSPENDING ALL NON-ESSENTIAL STATE GOVERNMENT TRAVEL. I
AM ASKING STATE EMPLOYEES TO CARPOOL WHEREVER POSSIBLE.
I AM ALSO ASKING ALL OUR CITIZENS TO BE SMART ABOUT THEIR FUEL
CONSUMPTION.
I AM ASKING THEM TO CARPOOL IF THEY CAN AND TO LIMIT NON-ESSENTIAL ROAD
TRIPS.
WE ARE NOT OUT OF GAS, BUT WE ARE RUNNING LOW.
WE MUST TAKE STEPS TO CONSERVE OUR RESOURCES WHILE WE LEARN THE FULL
EXTENT OF THE PROBLEMS AND WHILE WASHINGTON WORKS TOWARD A REGIONAL AND
NATIONAL STRATEGY.
WITH CAREFUL USE OF PRECIOUS FUEL, CONSUMERS CAN HELP US WEATHER THIS
LATEST STORM.
NORTH CAROLINA UNDERSTANDS HURRICANES. WE HAVE BEEN THROUGH THEM AND WE
KNOW THAT WE WILL WEATHER THIS ONE AS WE HAVE IN THE PAST. WE KNOW THEY
CAUSE DISTRUPTION. WE JUST NEED TO KNOW AS MUCH AS WE CAN AND PLAN.
Office of the Governor
116 W. Jones Street, Suite 202, Raleigh , NC 27603-8001
Phone: (919) 733-5612
Fax: (919) 733-5166
An Equal Opportunity/Affirmative Action Employer
State of North Carolina
Office of the Governor
Michael F. Easley
Governor
Release: IMMEDIATEContact: Sherri Johnson
Date: 8/31/2005Phone: (919) 733-5612
STATEMENT GIVEN TODAY BY GOV. EASLEY CONCERNING GASOLINE SUPPLY IN NORTH
CAROLINA
Raleigh - THE TWO MAJOR PIPELINES THAT FURNISH GASOLINE TO MANY STATES,
INCLUDING NORTH CAROLINA, HAVE BEEN AFFECTED BY HURRICANE KATRINA AND ARE
CURRENTLY WITHOUT ELECTRICITY. THEY SERVICE NORTH CAROLINA AND 8-10 OTHER
STATES.
90 PERCENT OF OUR GAS COMES FROM THESE PIPELINES AND RIGHT NOW THEY ARE
NOT OPERATIONAL.
SUPPLIERS GENERALLY HAVE A WEEK OR SO OF SUPPLY. THEY HAVE BEEN SHUT DOWN
SINCE THE HURRICANE.
THE PIPELINES NEED ELECTRIC SUPPLY AND THE REFINERIES THAT PRODUCE
GASOLINE NEED TO MAKE URGENT REPAIRS ALSO ARE WITHOUT ELECTRICITY. THE
REFINERIES THAT PRODUCE GASOLINE NEED TO MAKE URGENT REPAIRS.
CONSEQUENTLY, WE DO NOT KNOW THE EXTENT OF THE PROBLEM, BUT WE DO KNOW
THAT THERE WILL BE A SIGNIFCANT LOSS OF GASOLINE IN THE SOUTHEAST, AT
LEAST IN THE SHORT TERM UNTIL THE ELECTRICITY IS RESTORED.
THIS IS NOT ONLY A STATE PROBLEM, THIS IS ALSO A REGIONAL AND A NATIONAL
PROBLEM. WE ARE HOPING THAT THE DEPARTMENT OF ENERGY WILL TAKE SOME
ACTION AS SOON AS POSSIBLE. I HAVE TRIED TO GET DIRECTION FROM DOE BUT
THEY HAVE NOT YET RESPONDED.
IN THE MEANTIME, I AM ASKING ALL NORTH CAROLINIANS TO CONSERVE GAS. SOME
STATIONS ARE ALREADY OUT. WAIT FOR MORE INFORMATION BEFORE MAKING LABOR
DAY TRAVEL PLANS.
WE ARE TAKING STEPS TO ENSURE THAT EMERGENCY VEHICLES HAVE THE SUPPLIES
THAT THEY NEED, POLICE, FIRE AND RESCUE.
I AM IMMEDIATELY SUSPENDING ALL NON-ESSENTIAL STATE GOVERNMENT TRAVEL. I
AM ASKING STATE EMPLOYEES TO CARPOOL WHEREVER POSSIBLE.
I AM ALSO ASKING ALL OUR CITIZENS TO BE SMART ABOUT THEIR FUEL
CONSUMPTION.
I AM ASKING THEM TO CARPOOL IF THEY CAN AND TO LIMIT NON-ESSENTIAL ROAD
TRIPS.
WE ARE NOT OUT OF GAS, BUT WE ARE RUNNING LOW.
WE MUST TAKE STEPS TO CONSERVE OUR RESOURCES WHILE WE LEARN THE FULL
EXTENT OF THE PROBLEMS AND WHILE WASHINGTON WORKS TOWARD A REGIONAL AND
NATIONAL STRATEGY.
WITH CAREFUL USE OF PRECIOUS FUEL, CONSUMERS CAN HELP US WEATHER THIS
LATEST STORM.
NORTH CAROLINA UNDERSTANDS HURRICANES. WE HAVE BEEN THROUGH THEM AND WE
KNOW THAT WE WILL WEATHER THIS ONE AS WE HAVE IN THE PAST. WE KNOW THEY
CAUSE DISTRUPTION. WE JUST NEED TO KNOW AS MUCH AS WE CAN AND PLAN.
Office of the Governor
116 W. Jones Street, Suite 202, Raleigh , NC 27603-8001
Phone: (919) 733-5612
Fax: (919) 733-5166
An Equal Opportunity/Affirmative Action Employer
RangerHAAF
Member
$3-5 dollars per gallon!!
Gas is being sold for between $3-5 per gallon, depending on what part of Atlanta that a person lives in and the pumps are drying up quickly.
Gas is being sold for between $3-5 per gallon, depending on what part of Atlanta that a person lives in and the pumps are drying up quickly.
m0ntels
Member
Breakfast table discussion here this morning said they were talking about charging the elem/hs students here $1/day to ride the bus...
Sometimes I'm a lil bit happy I dont have kids yet...
Randy
Waitone
Member
NC has a law on the books that automatically increases gas taxes when prices rise over trip points.
<Scans the idiot governor's press release>
Nope, looks like he forgot to suspend the automatic tax increase on gas.
Whaddya know about that, The governor just got another tax increase.
<Scans the idiot governor's press release>
Nope, looks like he forgot to suspend the automatic tax increase on gas.
Whaddya know about that, The governor just got another tax increase.
JMag
Member
I'm in Mobile and had to drive to Bay Minette today to find gas w/o waiting for hours here.
The Chevron refinery in Pascagoula was hit hard by Katrina and I understand it supplies up to ten percent of the regions fuel.
That ain't so good, folks.
Still, we here have to count our blessings, no matter how bad we think things are here. They are so much worse to our west.
My thoughts and prayers with those hit hardest.
The Chevron refinery in Pascagoula was hit hard by Katrina and I understand it supplies up to ten percent of the regions fuel.
That ain't so good, folks.
Still, we here have to count our blessings, no matter how bad we think things are here. They are so much worse to our west.
My thoughts and prayers with those hit hardest.
grampster
Member
As for the long term, Waitone has hit the nail. Environmental nazis have hamstrung the energy industry in several ways. They have managed to enact draconian laws and have also demonized the industry as well. Frankly, we need new and more refineries. We have coal reserves that stagger the mind. We have oil and gas offshore along our coasts and in the great lakes. Yet, the leftists have managed the prohibition of any careful exploitation of our resources. Technology exists to harvest this bounty, yet our politicians recoil in horror, terror and anger over the possibility that we tap our resources.
Perhaps now is the time we demand that our elected officials lay down their petty schoolyard political crap and get down to business to see that our culture and our lifestyle can be improved with a national energy policy that actually means something. Virtually anything coming out of Washington in the last 30 years has either been window dressing at best and at the worst, the toleration of letting a hysterical small group of zealots prepare us to be thrown back into the stone age. These same zealots then stand on the sidelines and throw stones when we lurch around the globe trying to protect our ability to use someone elses resources when we have the ability to walk away from that if we used half the intelligence the big bang, higher power or gaiia gave us.
For over 30 years we have been confronted with the reality that our daily life rests on the edge of a blade. Yet nothing has seriously been done other than argument, political posturing, lies and ad hominum attacks about virtualy everything that is meaningless and beside the point. Without energy everything grinds to a halt, period. Get a clue! To a halt. period. No food, no water, no clothes, no jobs, no shelter, no nothing. Turn on your TV.
Ford Motor Corp has an operating hydrogen, supercharged 4 cyl engine that works fine, is simple, clean, powerful and economic to operate. The tech has been available for a long time. Why is this engine not on the market? Well, because no one has begun to set up a distribution system of the hydrogen fuel. Why not? Cost? That's probably BS too. Instead we have the hybrid electric bowels that take between 7-9 years to become cost effective against a 30 mpg 4 cyl beer can veh w/auto tran, power steering, brakes and air for $12,000.00. By that time the batteries need replacing at about $3000.00 and the rest of the car is tired. Nuclear energy tech makes it safe, clean and we should be building them all over the country. Disposal of the spoils? Dr. Dixie Lee Ray had the answer to that 15 years ago. Enclose it in shielded heavy glass, put it in a rocket and shoot it down into the depths of the Pacific ocean where it is 5 miles deep and the muck is another 3 miles deep. It will keep in the shielded glass forever, and if some of did leak, do the math on the cubic miles of water and muck vs the amount of waste. Negligable. Read her book for details. "Trashing the Planet" is the title and it's tongue in cheek. Nuclear power could power up elevated, high speed mag lev trains hauling freight and passengers that criss cross the country using freeway rights of way. Ever heard anyone talk about this? Hell no. Why not? Ask the Green Party freaks.
If we had a rational national conversations about things like this, we could tell OPEC to choke on their oil. How about we pay close attention to the Western Hemesphere, cultivate those folks, play with open borders and maybe our kids may go to Mexico, Guatamala, Venuzuela, Paraguay etc some day to make their fortunes.
Sigh...........
Perhaps now is the time we demand that our elected officials lay down their petty schoolyard political crap and get down to business to see that our culture and our lifestyle can be improved with a national energy policy that actually means something. Virtually anything coming out of Washington in the last 30 years has either been window dressing at best and at the worst, the toleration of letting a hysterical small group of zealots prepare us to be thrown back into the stone age. These same zealots then stand on the sidelines and throw stones when we lurch around the globe trying to protect our ability to use someone elses resources when we have the ability to walk away from that if we used half the intelligence the big bang, higher power or gaiia gave us.
For over 30 years we have been confronted with the reality that our daily life rests on the edge of a blade. Yet nothing has seriously been done other than argument, political posturing, lies and ad hominum attacks about virtualy everything that is meaningless and beside the point. Without energy everything grinds to a halt, period. Get a clue! To a halt. period. No food, no water, no clothes, no jobs, no shelter, no nothing. Turn on your TV.
Ford Motor Corp has an operating hydrogen, supercharged 4 cyl engine that works fine, is simple, clean, powerful and economic to operate. The tech has been available for a long time. Why is this engine not on the market? Well, because no one has begun to set up a distribution system of the hydrogen fuel. Why not? Cost? That's probably BS too. Instead we have the hybrid electric bowels that take between 7-9 years to become cost effective against a 30 mpg 4 cyl beer can veh w/auto tran, power steering, brakes and air for $12,000.00. By that time the batteries need replacing at about $3000.00 and the rest of the car is tired. Nuclear energy tech makes it safe, clean and we should be building them all over the country. Disposal of the spoils? Dr. Dixie Lee Ray had the answer to that 15 years ago. Enclose it in shielded heavy glass, put it in a rocket and shoot it down into the depths of the Pacific ocean where it is 5 miles deep and the muck is another 3 miles deep. It will keep in the shielded glass forever, and if some of did leak, do the math on the cubic miles of water and muck vs the amount of waste. Negligable. Read her book for details. "Trashing the Planet" is the title and it's tongue in cheek. Nuclear power could power up elevated, high speed mag lev trains hauling freight and passengers that criss cross the country using freeway rights of way. Ever heard anyone talk about this? Hell no. Why not? Ask the Green Party freaks.
If we had a rational national conversations about things like this, we could tell OPEC to choke on their oil. How about we pay close attention to the Western Hemesphere, cultivate those folks, play with open borders and maybe our kids may go to Mexico, Guatamala, Venuzuela, Paraguay etc some day to make their fortunes.
Sigh...........
Sindawe
Member
grampster's comments and H2
+1 grampster. I'd buy one of Ford's H2 vehicles (or BMW's, or Honda's) in a heartbeat if they were on the frelling market. I'm watching these guys very closely as well, along with another start up in Ohio whose name escapes me at the moment They prototyped an H2 Prius back in '02 IIRC, and are working in flexiable polymer photovoltaic cells.
Our "Leaders" have failed us. They will not lead, the refuse to follow, so its time for them to get out the freaking way.
+1 grampster. I'd buy one of Ford's H2 vehicles (or BMW's, or Honda's) in a heartbeat if they were on the frelling market. I'm watching these guys very closely as well, along with another start up in Ohio whose name escapes me at the moment They prototyped an H2 Prius back in '02 IIRC, and are working in flexiable polymer photovoltaic cells.
Our "Leaders" have failed us. They will not lead, the refuse to follow, so its time for them to get out the freaking way.
Really, cause last time I checked you weren't buying oil, you were buying gas, and in the gas market we have Exxon, BP, Citco, Cononco, Shell . . .
Seems like a lot of good competition out there. There was a variety of prices to choose from today in Atlanta, the BP was $2.89 and had a line of about 50 cars trying to fill up. Exxon and Shell were $3.50 and $4.00 / gallon and had a line 2 and 3 cars deep. Today if you were willing to wait, it cost you $2.89, however, there was a smaller demand willing to pay a premium to get their gas sooner than those at the BP. Today the cost of driving up to a pump and immediatly filling it was an additional $.61 - $ 1.11.
Supply and demand.
Hawken50
Member
Waitone,
ok the only thing i know about supply and demand is what i learned in highschool economics, and you seem to know quite a bit about it so i have a question. a week or two ago before the kitrina mess, one of the morning news had some oil expert on saying that the current (then) record high prices of oil per barrell went againts the laws of supply and demand because we had the highest stockpiles of oil ever. the US had more barrells of oil than it has ever had at one time before. he also said the use of oil has remained at a steady incline for decades, so no usage spikes to justify the price spikes. now, katrina aside, why could that be?
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