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Gas prices set to spike because of tropical storm

serfserf Member Posts: 9,217 ✭✭✭✭
edited August 2017 in General Discussion
How much has it spiked in your Area?

serf

http://money.cnn.com/2017/08/27/investing/harvey-texas-energy-oil-gas-prices/index.html

Prices are going higher because of outages affecting refineries that can process up to 2.2 million barrels of crude oil into products like gasoline. That means there will be less gasoline to meet the demand from American drivers.

"The pop in gasoline prices is an immediate response to the closure of refineries on the U.S. Gulf Coast," said Matt Smith, director of commodity research at ClipperData
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Comments

  • Horse Plains DrifterHorse Plains Drifter Forums Admins, Member, Moderator Posts: 40,239 ***** Forums Admin
    edited November -1
    Business motto:

    NEVER let a prime opportunity to pork the hell out of people go to waste.....



    Gas here hadn't went up yet as of last night @19:30
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  • spasmcreekspasmcreek Member Posts: 37,717 ✭✭✭
    edited November -1
    yep free enterprise can sometimes be tough on the checkbook...i prepay winter propane contracts at two places and that has worked well to my benefit...about breakeven last two years but was a winner when i prepaid at $1.31 and it went to $4...like to store gasoline but the sellors will not store prepaid and it is stupid to store it rural...unless it is underground and the pump set up is very well hidden..got a new 1000 gallon tank unused..and several 500 gal
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  • armilitearmilite Member Posts: 35,490 ✭✭✭
    edited November -1
    It went up $.07 here and our gas comes from Illinois.
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  • likemhotlikemhot Member Posts: 2,885 ✭✭✭
    edited November -1
    My Brother-in-law lives in Corpus Christi (they weathered the storm alright, but are still being cautious), he works for a major refinery there, he told me the northern states get all their oil from Alaska and Canada lines and routes. So why did our prices rise due to storm damage [;)]
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  • MobuckMobuck Member Posts: 14,163 ✭✭✭✭
    edited November -1
    The prices haven't jumped as expected in my area of the Midwest. I re-filled my UTV/generator supply today just in case.
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  • M1A762M1A762 Member Posts: 3,426 ✭
    edited November -1
    Pure BS! Just another "reason" to screw the consumer! [:(!][:(!][:(!]
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  • CaptFunCaptFun Member Posts: 16,678 ✭✭✭
    edited November -1
    Diesel jumped up about 10 cents 2 weeks ago, but has dropped back down to 2.39. Regular (ethanol) is 1.99 to 2.10 , real gas is 2.70 or so. Nothing like the post Katrina spike or worse, the 2008 Election, I was paying $4 plus for diesel for 8 years...

    Cold hard fact. National average for gas was $1.59 when Bush left office.

    It was $3 plus for almost all of Big Ears reign....
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  • shilowarshilowar Member Posts: 38,811 ✭✭✭
    edited November -1
    Just in time to go on vacation in a few weeks, by then I am sure gas will be $4.00 a gallon [V]. i guess we'll be taking the wife's lezbaru instead of the pick up.
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  • eastbankeastbank Member Posts: 4,052 ✭✭
    edited November -1
    I just had my heating oil tanks filled #2 at 1.78/gl. I run two inside 275 gl tanks.eastbank.
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  • mjrfd99mjrfd99 Member Posts: 4,553 ✭✭✭
    edited November -1
    Heating oil 275g tank on side of gas heat house. Buy low - treat and no fuel tax[;)]
    Good for months.

    FTG
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  • wpageabcwpageabc Member Posts: 8,760 ✭✭
    edited November -1
    Diesel and gas on the rise...

    Opportunity calls to fuel retailers...
    "What is truth?'
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