I heard a few months ago that gas was going to sky rocket because of the Labor Day Holiday. But they weren't supposed to get this high. And then they were going to go down some in the fall. But that was before the hurricane. I haven't been out today yet but last night I still saw 2.69 here in a few stations. But most were 2.99.
As most of you know here I work at a gas station. Well today our rep came in and told us that gas here will be at 4.50 by the middle of next week. The state of GA has a direct pipe line to Lousianna and of course they are not pumping gas. When GA runs out of gas the state of FL with pump gas to them, FL is already short on gas.
8 gas refinaries (sp) are down due to the hurricane, in order to keep up with demand of the US all refinaries in the US have to run at least at 95% since 8 are down they are running at about 65% right now. This is just the beginning. When I say gas refinaries I don't mean the ones that were out in the Gulf of Mexico I mean the ones that actually make the gas. Until those 8 are back up and running at normal pace and every place in the US is back up to the normal gallons being stored gas prices will continue to rise. GA is just a glance right now of what gas prices are going to be. Once everything is back to normal gas prices will drop again, they were dropping before all this happen. Just everyone be prepared for $6.00 + gas prices.
Stormy...Where in Ga are you from again? I know here in SE Ga where I live I am looking at at least 3.49 a gallon in gas right now.
And seeing hows you said you work for a gas station maybe you can aswer a question.
In the aftermath of a natural diaster of this size how is this not prices gouging? I mean before Katrina came and hit land we heard of gas stations doing this same thing. And they said it was illegal and they were going perscute them to the fullest extent. SO how are gas companies allowed to do this now to people?
And I want you to know that I am not directing this at you or am I trying to sound mean. But this question has been on my the last 1 1/2 days and I figure maybe you can enlighten me.
Gas prices are determended by the price of a barral of oil, as oil is used to make gas. Now when a gas station can NOT raise their price unless they have recived a shipment of gas. So if they recived a shipment of gas when the price was 2.59 they have to stay there until the next shipment. My station was the cheapest in town yesterday cause we recived a shipment the day before when gas prices were 2.59, this morning we went up to 2.89 cause we recived a shipment late last night, then they went up again today to 2.99 after another shipment came in. The shorter we get on gas the faster and more it costs to make. With the oil refinearies in the gulf down at the moment our oil supply is short, they are the few rigs that we do not export the oil from. Most of the refinaries in the US are in the south, they put all their eggs in one basket I guess you could say.
I tried to explane that as simple as possible, it took me a few classes to understand everything totally. The price of oil is determend on the stock market as well. There are so many different factors that play a roll in the price of gas it's unreal.
Edited to add.
Gas prices went up before Katrina hit because OIL companies were scared of the rigs in the gulf, it shot the price of a barral of oil to over 70.00. The norm price is around 60.00, right now I think it is at $67.
Ok so in the most simplest terms ( this will sound harsh but I do not mean it to be) It is not you the gas stations but the gas companies(the people you get gas from). Am I correct?
Correct, we do NOT price our own gas we sell it for the price they tell us too. I work at a Shell, Shell Corpt will call and tell us about a gas price change. Now you ask why all Shell's have a different price, priceing also gos by where the station is located. Usually gas stations by interstates are higher then stations in the city. Prices goes by location, the barrel of oil, the stock market etc....
Wow and I thought Georgia was the cheapest. When we went to visit years ago, it was the lowest we had ever seen! 86 cents!
Someone called on the radio this morning that people complain about gas but they don't complain that milk is $7 a gallon here! Our gas here is like 2.90 a gallon so not bad compared to most places.
wow seven dollars for a gallon of milk? i get it at walmart here for 1.98 a gallon. if gas keeps getting higher i will break out the old bicycle and hit the road on that ! lol
Thats Great news for the state of GA! Wish all states would do something like that, hit the goverment in the pocket instead of us. We need the money more than they do.
More than 20 countries have tried to offer help, and the federal government has not accepted any of it. And get this, France was the first country to offer.
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"Thought is an invisible and subtle power that mocks all the efforts of tyranny." Alexis de Tocqueville
This is from an article I found from 1998 about milk prices.
The milk gap
Hawaii easily has the nation's highest milk prices, as shown in a survey of 42 selected markets across the country. Here are the 10 most costly markets, plus the five least costly:
HIGH
City -- 1998 avg. price/gallon* Honolulu -- $5.44 Seattle -- $3.08 Denver -- $2.99 Las Vegas -- $2.94 Elko, Nev. -- $2.91 San Diego -- $2.85 Los Angeles -- $2.78 North New Jersey -- $2.75 Portland, Ore. -- $2.75 Boston -- $2.73