About The Comming Gas Shortage...

[FGB]

They may not be lying this time...

http://fingfx.thomsonreuters.com/gfx/rngs/STORM-HARVEY-ENERGY-INFRASTRUCTURE/010050M21F9/index.html

 

[phrodeau]

Hope all the Harvey evacuees don't use up the gas that Irma evacuees will need.

 

[adrina]

So it was $2.25/gallon through Tuesday. It was $2.49 when I drove by this morning. When I drove by a few hours later it was $2.59.

Regardless of shortages, gas pricing has been insanely highly reactive for several years now. I am anticipating, regardless of shortages, some behavior that takes advantage of the circumstances.

Thankfully I live in a state that understands and does not tolerate price gouging.

 

[Rocketman00i69]

The news media is making this worse. There is no shortage of crude oil and at 80% production the U.S. refineries can meet the consumption levels. Refineries were shut down by Katrina, Ike, and every other major storm in the last 50 years that hit the Texas/Louisiana coast.

The refineries will be back up soon and the prices of gas will drop. This is like the great depression. When there was a run on the banks! It was fueled by people drawing their money out of the banks.

The media has scared people with talk of a shortage to the point that we are causing a shortage by roping off our tanks every day and storing gas. I saw two trucks filling up 55 gallon drums with gas. That's why places are running out. Media caused hysteria.

110 gallons of gas will take me more than 3000 miles. We need to chill!

 

[BB4evah]

So it was $2.25/gallon through Tuesday. It was $2.49 when I drove by this morning. When I drove by a few hours later it was $2.59.

Regardless of shortages, gas pricing has been insanely highly reactive for several years now. I am anticipating, regardless of shortages, some behavior that takes advantage of the circumstances.

Thankfully I live in a state that understands and does not tolerate price gouging.

Venezuela?

 

[Hypoxia]

Solutions:

* Pay with stolen credit cards
* Slaves and sedan chair
* Burn diesel, not gas
* Get a siphon hose
* Work from home
* Bicycle around
* Move to NYC

* Technical make-do (3 steps):
(1) Modify carburetor to run on methane.
(2) Run a hose from fuel tank to your anus.
(3) Eat many beans and onions; fart copiously.

 

[neci]

I've got at least two weeks of gas, if I don't change my driving habits. I figure trucks will replenish the supply between now and then.

 

[neci]

Gas pumps are taped up all over here. People are freaking out and causing a rush to the pump. Immediate supplies are dropping due to the sudden increase in demand. Every car was topped off right before the hurricane. We are good. There is no point in waiting in a long line the next few days.

 

[sircumvent]

Some refineries were coming back online today.

 

[silver gurl]

Went from $1.09 a liter, to $1.29 a liter. And we are in Canada. More increases tomorrow.

 

[phrodeau]

Solutions:

* Pay with stolen credit cards
* Slaves and sedan chair
* Burn diesel, not gas
* Get a siphon hose
* Work from home
* Bicycle around
* Move to NYC

* Technical make-do (3 steps):
(1) Modify carburetor to run on methane.
(2) Run a hose from fuel tank to your anus.
(3) Eat many beans and onions; fart copiously.

An electric car never occurred to you, but slaves did?

 

[snugglestruggle]

Gas went up 30 cents a gallon overnight and we get half our gas thru port Everglades, the rest from Texas & Louisiana. No shortages here. Prices rise at the slightest excuse but are slow as hell to come down.

 

[Hypoxia]

An electric car never occurred to you, but slaves did?

I'm traditional.

[/me fires up the Stanley Rocket, spins silently away in puffs of steam]

 

[4est_4est_Gump]

Yeah, as soon as I heard about Harvey, I filled the truck and a few gas cans. I'll have more than enough to ride out the temporary price spike. It is stupid to refer to the price hikes as gouging because "gouging" is a Left-wing methodology to imply greed, but the owner of the gas station/convenience store is only responding to the replacement costs of his deleted product. Scarcity causes bidding, which drives up prices. This is a market feature. It causes a more efficient allotment of resources and makes more gas available to more people because the rise in prices persuades the consumer to purchase what he needs verses buying as much as he can store. Especially knowing that within a few weeks, the refineries will begin going back on line.

 

[water505]

This is what happens when your economy depends on fossil fuel for survival. If we all had electric cars our worries would be over. So what if it takes fossil fuel to create the electricity or build the cars. It's all about sticking it to the man.

Wind and solar are the way to go. Everyone knows it but the RWCJ racist deniers.

 

[richard_daily]

Gas went up 30 cents a gallon overnight and we get half our gas thru port Everglades, the rest from Texas & Louisiana. No shortages here. Prices rise at the slightest excuse but are slow as hell to come down.

There's the capitalism that you want.

 

[trysail]

Leave it to Lit's resident idiot conspiracy theorists, nutjobs and economic illiterates to come up with wacko ideas about temporary and ephemeral fluctuations.



____ U.S. retail gasoline price (8/20/90= 100)
____ Crude Oil Price, WTI Cushing, Oklahoma (8/20/90= 100)


https://fred.stlouisfed.org/graph/fredgraph.png?g=eVPs




​

 

[phrodeau]

You have a lousy record of posting graphs and charts that cherry-pick data or prove the opposite of your claim.

 

[Que]

I have a stellar record of posting graphs and charts that cherry-pick data or prove the opposite of my claims.

True.

 

[phrodeau]

True.

You have no record of posting anything supporting any of your claims.

 

[Matthew Craig]

Went from $1.09 a liter, to $1.29 a liter. And we are in Canada. More increases tomorrow.

Which is dumb in my opinion. Because we are an oil producing country. But hey, someone has to pay for all the hurricane damage.

 

[silver gurl]

Which is dumb in my opinion. Because we are an oil producing country. But hey, someone has to pay for all the hurricane damage.

Perfect storm, perfect excuse.

 

[Freudian_Slit]

True.

Sit down and STFU, Nancy boy.

 

[albertaboy]

Went from $1.09 a liter, to $1.29 a liter. And we are in Canada. More increases tomorrow.

87 to 1.07 in Manitoba

 

[richard_daily]

Which is dumb in my opinion. Because we are an oil producing country. But hey, someone has to pay for all the hurricane damage.

And who better to pay for it than the people who helped create the climate change that led to it in the first place?