Post Hurricane Gas Prices

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Up here gas was 88.9 c/L earlier in the week, jumped to 99.9 c/L 2 days ago and I noticed yesterday its now 107.9 c/L. It's also because of the long weekend and the fact I have 2 jetskis, a car and a boat to fill up they can see everyone coming.
 
Originally Posted By: pandus13
Originally Posted By: plaguef
Originally Posted By: Chris142
All these prices ya'll are posting are still less than what we pay.


Yes, is there any particular reason gas prices are so high there in California?

taxes?


And way beyond ridiculous regulations...
 
Some of you may not be used to seeing all the gas stations jumping to the same gas price at once. Other parts of the country, it's normal. Gas in the twin cities has been that way for years. One large player sets the tone and everyone else follows...
 
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I don't think alot of people have the choices in gas like we have here in Florida. I know when I go to Pennsylvania there is limited but for all the stations, all the brands, convienence stores as well as stations be 2.49 , all at the same time is something I never saw before.
 
I tried to Google if there was a FL law that controlled the pump price changes somehow, as that would explain everyone acting the same. I couldn't find anything except for a story about how some Orlando gas stations charge 3x regular price all the time and can't be hit with gouging as it is their regular pricing regime.

Grampi, I think you need to do some research. OPEC is a Cartel of nations that attempts to control supply. It has no power within the US where everything is a free for all within the boundaries set by law. It has also proven to be woefully bad at doing anything the past few years except drive the industry out of business through excessive production designed to destroy the US oil industry. All this did was cripple the overall industry and failed to kill the shale oil/gas companies. The resulting lack of investment in new projects worldwide will like have a huge boomerang effect at some point in the future, assuming oil remains the dominant source of vehicle fuel.

For those wondering about gas wars, I have seen one in the past year in West Houston and there used to be a perennial one in Benbrook (DFW area) between a Valero and a QT - both TT and win/win for the customer.
 
Originally Posted By: Coprolite
I tried to Google if there was a FL law that controlled the pump price changes somehow, as that would explain everyone acting the same. I couldn't find anything except for a story about how some Orlando gas stations charge 3x regular price all the time and can't be hit with gouging as it is their regular pricing regime.

Grampi, I think you need to do some research. OPEC is a Cartel of nations that attempts to control supply. It has no power within the US where everything is a free for all within the boundaries set by law. It has also proven to be woefully bad at doing anything the past few years except drive the industry out of business through excessive production designed to destroy the US oil industry. All this did was cripple the overall industry and failed to kill the shale oil/gas companies. The resulting lack of investment in new projects worldwide will like have a huge boomerang effect at some point in the future, assuming oil remains the dominant source of vehicle fuel.

For those wondering about gas wars, I have seen one in the past year in West Houston and there used to be a perennial one in Benbrook (DFW area) between a Valero and a QT - both TT and win/win for the customer.


All of the industry operates in a cartel, not just OPEC. Why else would gas prices go up nationwide when one or two refineries being down does not affect the rest of country, and don't say that it does because it doesn't...
 
Originally Posted By: Olas
The aim of running a business is to generate profit, which is exactly what's happening here.
Why the concern?
Nothing quite like giving socialists ammunition.
 
Originally Posted By: HerrStig
Originally Posted By: Olas
The aim of running a business is to generate profit, which is exactly what's happening here.
Why the concern?
Nothing quite like giving socialists ammunition.


Not sure if that's aimed at me, but, for the record I am politically indifferent whilst financially driven. I applaud the 'price gougers' for capitalising on the moment and doing exactly what businesses are supposed to do.
 
Originally Posted By: Olas
Originally Posted By: HerrStig
Originally Posted By: Olas
The aim of running a business is to generate profit, which is exactly what's happening here.
Why the concern?
Nothing quite like giving socialists ammunition.


Not sure if that's aimed at me, but, for the record I am politically indifferent whilst financially driven. I applaud the 'price gougers' for capitalising on the moment and doing exactly what businesses are supposed to do.


It's nice that you approve of an industry that takes advantage of consumers during trying times...
 
Originally Posted By: grampi
Originally Posted By: Olas
Originally Posted By: HerrStig
Originally Posted By: Olas
The aim of running a business is to generate profit, which is exactly what's happening here.
Why the concern?
Nothing quite like giving socialists ammunition.


Not sure if that's aimed at me, but, for the record I am politically indifferent whilst financially driven. I applaud the 'price gougers' for capitalising on the moment and doing exactly what businesses are supposed to do.


It's nice that you approve of an industry that takes advantage of consumers during trying times...


Olas seems a bit envious that the Yanks are paying about 1/3 of what the Brits are paying for a 'Litre of Petrol'! We do remember what the B in BP stands for...LOL!
 
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If it were one or two refineries, grampi may have a point.

Except at last count, it was 12 refineries completely shut down and more running reduced rates. It represents over 20% of the nation's refining capacity by volume...

Don't let facts get in the way of a good rant...
 
Originally Posted By: Olas
Originally Posted By: HerrStig
Originally Posted By: Olas
The aim of running a business is to generate profit, which is exactly what's happening here.
Why the concern?
Nothing quite like giving socialists ammunition.


Not sure if that's aimed at me, but, for the record I am politically indifferent whilst financially driven. I applaud the 'price gougers' for capitalising on the moment and doing exactly what businesses are supposed to do.
Applaud away, and enjoy YOUR eight dollar a gallon "government controlled" gas prices. I live thousands of miles from Texas, and our gas comes from New Jersey, which was untouched by the storm. Prices went up 40 cents around here in a DAY. That's the kind of thing which gets government "regulators" rubbing their hands together. Maybe you should volunteer to pay TEN buck a gallon, eh?
 
Colonial pipeline announced it was shutting down yesterday....then had a change of heart late yesterday afternoon.....can we splain this one away? Of course we can...
whistle.gif
 
Originally Posted By: MNgopher
If it were one or two refineries, grampi may have a point.

Except at last count, it was 12 refineries completely shut down and more running reduced rates. It represents over 20% of the nation's refining capacity by volume...

Don't let facts get in the way of a good rant...


Even if 20% have been shut down, that supply can still easily be made up by the remaining refineries...most refineries only operate at 70-80% capacity and can easily bump up their output to make up for the refineries that are shut down...
 
So Herrstig, your gas comes from New Jersey... hmmm. Where does the colonial pipeline end? New Jersey. Where does the Colonial pipeline source it's supply? Gulf coast refineries...

Yep, new jersey has refineries, but they are not the only supply in your region, thus the price jump.
 
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Try again Grampi...

The Energy Information Administration posts weekly refinery utilization. Refineries have been running over 90% utilized since the first week of April. Over 95% in August till Harvey...

So where is all this excess capacity that supposedly exists? And is it connected easily to the markets that are now short?

Pesky facts...
 
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