Gas prices about to increase...Follow

I know that this isn't FFXI related, but I just heard from 3 different sources that gas prices in the country are about to increase ~30-40cents a gallon BEFORE THE MORNING (aka in the next couple of hours). If you are reading this, I'd considering filling up right about now.

where i live in California, gas will be $3.00+ a gallon tomorrow >.<;m

time to invest in a moped. As if 2.78 isnt bad enough ><

As you may (or may not) have heard, New Orleans and the surrounding areas are being completely abandoned. The fixing the levies is proving to be near-imposible and the water levels are continuing to rise. A lot of the people still trapped out there probably won't make it...

I just heard from a local talk radio station (an affiliate of ABC news) that the price of gasoline was slated to raise again before the weekend. Unlike the last hike, the correspondent (not the host) quoted a $0.65-$1.10 rise depending on the type of fuel and the area you live before the weekend.

I don't have a corresponding news article to back this up, but I will try to find one and post it on here. In the mean time, please remember this info if you have yet to fill up. By this time next week it is possible to see $4/gallon gas.

The area is responsible for processing ~1/4 of our domestic oil. Not only has their production been halted, but it is near impossible to get natural gas to the areas that can still process it.

On a side note, ty to the person who keeps rating me down for being on top of things and saving you up to $1.50 per gallon of gas. Remind me to thank you after you get done after you're done with your coloring book and apple snacks ;)

$3.09/gal in Dayton, OH :(

I am just driving from Northern Wisconsin to Mid Western Michigan which is about 400 miles each way. I also have to drive from my parens house to the courts in Grand Haven to apply for the marriage liscense which is about 45 miles each way. Then after thier 3 day waiting period I have to drive back out there to pick it up, so another 45 miles each way. It will be about 980 miles total, not including the driving I do in town to see my friends and run other small errands.

I don't fly because after Plane tickets and car rental it would stll be more than driving.

Edited, Wed Aug 31 14:32:51 2005 by Proroc

"Hundreds" dead to Hurricane Katrina and all you can care about are gas prices...?

Sign on a store in Biloxi, Miss.

"You Loot, I Shoot"


Gotta love it. <.< Guy had a gigantic shotgun resting on his lap.



While this most definatly is a horrible tragedy, and Me and almost everyone here feels for them (except for those little ******* Sockpuppet Karma Trolls), just because this happens doesn't mean we're heartless asshats for discussing economics.

Time to buy a moped, people!

Edit: I kant speel

Edited, Wed Aug 31 20:05:27 2005 by doomygir

Interesting.

But there's a difference in why the U.S. is shelling out more per gallon right now, versus other parts of the world -- like Europe.

We've got a supply problem.

Discussions with my friends in/from European countries makes me think that a great deal of the retail price difference between the U.S. and our European counterparts can be attributed to taxes.

In 2002 the federal, state, and local taxes averaged $0.38 per gallon of gasoline.(**)

For the same time period, European taxes per gallon of gas averaged 20 times more than U.S. rates. The tax per gallon for 1Q2000 was $2.56 in Germany, $2.57 in France, and $3.29 in the United Kingdom. (**)

So, once this supply problem is sorted out, and world wide prices for oil even out a bit, Europeans will still pay significantly more than we do (unless there's some mechanism in European fuel taxes that scales them down as oil prices rise?)

(** reference: Hayley Chouinard and Jeffrey M. Perloff, "Incidence of Federal and State Gasoline Taxes," April 2004, http://are.berkeley.edu/~perloff/papers.htm)

** This I just found out my hometown Greenville County Sc
Gas stations are literally running out of gas ppl are lined up for a mile waiting for gas at those place that still have some left -_- can things get any worse? ; ;

Edited, Wed Aug 31 22:46:06 2005 by Glitterngld

I checked this a.m - prices in Joliet are 3.30 for regular and 3.50 for premium. Apparently in Chicago itself premium is now 4.00

I actually work at a truck stop for the time being. When I went into work tuesday there were signs on all the pumps...we were out of gas. The gas station down the road had the same thing...and...we couldn't get any. It was sad, people were pissed and our supplier just told us we'd have fuel as soon as they could send it. When we finally got our gas in at like 11 30 we only got 7,000 gallons because they had to share what little they had with everyone. Our prices jumped from 2.65 up to 2.88 with that batch. By the time I was out of work and heading out of town gas prices were at 2.99 and the stations that actually had gas were packed. The next morning we were up to 3.48 per gallon.

But don't blame the gas stations...for the most part. Don't want in and ***** at the attendant for gas prices sky rocketing. Sure some stations price gouge. But the ones that don't really don't make any money on gas. They had to buy the barrels in for a certain price which they equal out into a price per gallon. Then they mark it up 2 maybe 3 cents. So please don't make life miserable for the poor guy taking your money.

Oh, and what about bush opening up the oil reserves to help this for now? I heard about it the first day since then nothing. I mean....he COULD put a freeze on gas prices at say 2.50 or so....and whats going to happen when the price of a gallon of has eclipses min wage?