STYLETHREAD -- LET'S TALK SHOP!

bex · Chanel

RE: What is going on?

jen · Kate Spade

My point was that gas is already in the ground waiting to be sold before Katrina happened. Latrina should not effect the gas price of the gas already in the ground. I heard that it takes up to a month for something like this (Katrina i.e. gas lines in the south) to effect gas prices in Michigan. Gas prices in my town are $3.47 now.

JoceyBaby23 · Gucci

I actually found gas last night at Costco and it was still $2.49. Needless to say, they were about to run out and I had to wait 45 minutes in line just to get to the pump. This morning when I drove past, it was already up like $.50 from last night.

jj · Kate Spade

jen wrote:

My point was that gas is already in the ground waiting to be sold before Katrina happened. Latrina should not effect the gas price of the gas already in the ground. I heard that it takes up to a month for something like this (Katrina i.e. gas lines in the south) to effect gas prices in Michigan. Gas prices in my town are $3.47 now.

I hear ya - I have been reading everything and watching news stories about the rising prices and NO ONE has an explanation for why prices have risen so quickly. I get the whole supply and demand thing, but this is outrageous. I just want an honest answer from ANYBODY about WHY this is happening. Not just "look at the gas prices go up."

- is it a way to "force" people to economize?

- with the supply disruptions, is it suddenly twice as expensive to get the gas to the stations??

- is it because companies are fighting over what is available, and paying more to get it??

laken1 · Hermes

They aren't raising gas prices in LA I know for sure - my sister was in a 2 hour line to get gas but she said all that was left was premium & they may be out by the time she got to the pump, but even the premium there was only $2.89 / gallon (cash only at the stations). I guess they figure those people don't need higher gas prices on top of everything else, but surely the rest of us are making up the difference?

lsubatgirl · Gucci

While there is gas in the ground that supply will run short and the reserves which are housed next to refineries (mainly in LA/MS/etc) will be difficult to get to for a while at least the ones in NO because they are all under water. Even the ones in BR that aren't under water are running at Half or less than halfway running at capacity.

-- Edited by lsubatgirl at 14:09, 2005-09-01

laken1 · Hermes

jen wrote:

My point was that gas is already in the ground waiting to be sold before Katrina happened. Latrina should not effect the gas price of the gas already in the ground. I heard that it takes up to a month for something like this (Katrina i.e. gas lines in the south) to effect gas prices in Michigan. Gas prices in my town are $3.47 now.

jen, I hear ya! I have always thought this - it just feels like "because we have gas & you need it" I hate that.

bumblebee · Coach

i paid $2.89 for regular in LA (not louisiana, los angeles) last night, which is high, but i think i've become conditioned to it because our prices were already high--i've been paying almost that much all summer. i think my total was maybe $2 or $4 more than usual, which doesn't seem like a big deal to me.

what was way more surprising was the crowd at the gas station! we are on the other side of the country, and people were lined up around the block to fill up their cars. i didn't wait too long, maybe 15 minutes, but i've never really waited before for any time at all.

anwyay, i agree with bex--i don't think it has to do with actual supply issues, i think it's an opportunistic industry preying on people's fear and panic.

Andrea Julia · Coach

I desperately needed gas on the way home today. All the gas stations either

(a)had a huge line that I wouldn't even think about waiting on, (b)were closed, or (c)were out of regular and medium (don't know what it's called-haha) gas. I pulled into 3 gas stations that only had premium before finally giving in and buying premium. I paid $3.30. Suck. Ass.

I live in NJ.

-- Edited by Andrea Julia at 19:27, 2005-09-01

NCshopper · Hermes

Gas is $3.30 in Raleigh today. Blech.