Ike is Affecting Prices at the Pump

[RT NOMAD]

Yesterday a station near me was selling regular for $3.699/Gal.
This morning regular was raised to $3.999/Gal.

One station is asking customers to limit purchases to 10 gallon maximum.

News showed a station in Sumpter, SC selling regular for over $5.00/Gal.

[Darth Vagon]

Good ole supply & demand...

Problem is they demand too much for gas sitting in their tanks...

[TxCowboy]

Yesterday I paid $3.39 for 93 octane they were out of everything else.

[CWHFSR]

Good ole supply & demand...

Problem is they demand too much for gas sitting in their tanks...

I still don't quite understand why they raise the rates without even getting more gas! I would think they would charge more after having to buy at a higher rate.

Then, when gas becomes cheaper, they never reduce it as quickly as they raise it... like they have to pay for the gas in the tank that they started charging more for when they didn't pay as much in the first place. Ok, I'm a little loopy but if you read that 100 times I'm sure it will make sense

[rickf28]

This town went crazy...most stations are out...couldnt even drive last night so many cars a pumps they where lined up down the streets blocking traffic...glad my tank is full...Rick

[Ponch]

People hear "rumors" that gas is supposed to be going up for [insert reason - hurricane, war, etc], so they rush to gas stations and fill up all of their vehicles, creating a spike in demand, which drives prices up more than they should. It's a self fulfilling prophecy.

Gas actually dropped 3 cents at my usual gas station. But then again, I'm in Cali.

[rickf28]

and when i looked at msnbc they said that it dropped to $100 barrel today...give it few days and all will be normal...or at least i hope...im traveling this weekend in the SRT...

[Orange Crush 375]

93 octane BP dropped 5 cents today to $4.07 here in Central Illinois.

[Schen]

Gas seems fine up here but damn 30 cents and your in florida! Ike is on the other side.

--RS

[rickf28]

they say the price increase is because they have to close the Texas pipeline when hurricane hits, that means the fuel trucks cant get the fuel and deliver it to us...last I heard is Ike is a tropical storm and the pipeline is opening back up...dont quote me on this just what I heard....Rick

[NC-SXT]

Same story here on the NC Coast. I went to fill up (I had a 1/2 tank) and Reg 87 was 3.99 and 89 was 4.11 . They had the 87 pump wrapped up like they were out (not) , I looked at the price of the gas and drove away. I have enought to get me through till they decide how to rape us again. They wont even give us a reach around. Damn oil companies.

[Darth Vagon]

Racetrac went up 30 cents over night.... $3.59 to $3.89

[DonH]

Friday is my normal day to fill-up and normally there are 1 or 2 cars doing the same.

Today there were about 30 cars waiting in line and prices were up about 15 ¢ for every grade.

Edit:
Daughter just called from Tallahassee asking about gas prices here in Jax. She went to fill up today and regular is $5.50 a gallon everywhere.

[Hemi31]

It's stupid.....the friggin storm hasn't even hit yet and it's only a Cat 2.............we have had hurricanes forever.......all of a sudden it's a reason for greed to show through!

[Arch Stanton]

It's stupid.....the friggin storm hasn't even hit yet and it's only a Cat 2.............we have had hurricanes forever.......all of a sudden it's a reason for greed to show through!

Only a Cat 2.

The winds may be Cat 2, but this thing is HUGE and will bring sustained hurricane winds for a good 10 hours and a storm surge like you'd get from a Cat 4 or 5. All right up the gullet of at least 20% of domestic refining capacity.