Saxum Posted September 5, 2017 Share Posted September 5, 2017 The local gas prices have been jumping 20 cents a gallon on some days and it appears it is fault of storm in Texas as well as price gougers. The prices are going up before the gas will be delivered if that is the reason for rise and this happening in disaster was clamped down on by previous two administrations but not now. From what I can tell the spike is more locally (Northern Virginia) than in other areas of country. Link to comment Share on other sites More sharing options...
SlimShady'sSpaceForce Posted September 5, 2017 Share Posted September 5, 2017 That didn't take long. Lol Link to comment Share on other sites More sharing options...
/dev/null Posted September 5, 2017 Share Posted September 5, 2017 Filled up last Monday $2.05. Same station today $2.49 Link to comment Share on other sites More sharing options...
DC Tom Posted September 5, 2017 Share Posted September 5, 2017 The local gas prices have been jumping 20 cents a gallon on some days and it appears it is fault of storm in Texas as well as price gougers. The prices are going up before the gas will be delivered if that is the reason for rise and this happening in disaster was clamped down on by previous two administrations but not now. From what I can tell the spike is more locally (Northern Virginia) than in other areas of country. You should see what the price of Gabon Ebony has done in the same time period. Link to comment Share on other sites More sharing options...
Chilly Posted September 5, 2017 Share Posted September 5, 2017 It's mostly due to us idiots in Texas. We caused an artificial gas shorted. There were a lot of social media rumors that everyone was running out of gas, the Railroad Commission (which is a misnomer and responsible for energy in Texas) responded by not addressing concerns. A run on gas started, which caused an artificial shortage, which caused all the gas stations to start to run out of gas, which made people panic more. Shortly after that started happening, to control demand, all gas prices went up quite a bit here last week. We screwed up the national supply and gas had to be diverted to Texas to cover the areas without gas, increasing price across the nation. San Antonio is still almost completely out of gas. I finally had to fill up my tank this morning, went to two gas stations here in Austin (which isn't bad) before I found some, and they were out of anything but unleaded. It seems like supply is starting to catch up some now, but it's pretty much screwed up gas prices across the country. Link to comment Share on other sites More sharing options...
Azalin Posted September 6, 2017 Share Posted September 6, 2017 A hell of a lot of gasoline comes from/through the Houston area, and the storm has both disrupted the steady supply and caused a panic around the area, causing gas lines at service stations and many retailers running completely out. Prices should drop back to where they were soon. It's mostly due to us idiots in Texas. We caused an artificial gas shorted. There were a lot of social media rumors that everyone was running out of gas, the Railroad Commission (which is a misnomer and responsible for energy in Texas) responded by not addressing concerns. A run on gas started, which caused an artificial shortage, which caused all the gas stations to start to run out of gas, which made people panic more. Shortly after that started happening, to control demand, all gas prices went up quite a bit here last week. We screwed up the national supply and gas had to be diverted to Texas to cover the areas without gas, increasing price across the nation. San Antonio is still almost completely out of gas. I finally had to fill up my tank this morning, went to two gas stations here in Austin (which isn't bad) before I found some, and they were out of anything but unleaded. It seems like supply is starting to catch up some now, but it's pretty much screwed up gas prices across the country. Yep, that pretty much nails it. Link to comment Share on other sites More sharing options...
B-Large Posted September 6, 2017 Share Posted September 6, 2017 I blame Obama, as has been clearly demonstrated on TBD in the PPP, Presidents directly dictate commodity prices.. especially Deap State ex-presidents... Link to comment Share on other sites More sharing options...
GG Posted September 6, 2017 Share Posted September 6, 2017 There was a 20% reduction in gas refining capacity. What do you think will happen to prices? Link to comment Share on other sites More sharing options...
/dev/null Posted September 6, 2017 Share Posted September 6, 2017 There was a 20% reduction in gas refining capacity. What do you think will happen to prices? Let's see 2.05 last Monday 2.49 today 0.44 difference 0.44 / 2.05 = 3.5 Link to comment Share on other sites More sharing options...
Chef Jim Posted September 6, 2017 Share Posted September 6, 2017 That didn't take long. Lol What is the approved time frame for supply and demand price fluctuation of a commodity? We'll wait............... Link to comment Share on other sites More sharing options...
DC Tom Posted September 6, 2017 Share Posted September 6, 2017 It's mostly due to us idiots in Texas. We caused an artificial gas shorted. There were a lot of social media rumors that everyone was running out of gas, the Railroad Commission (which is a misnomer and responsible for energy in Texas) responded by not addressing concerns. A run on gas started, which caused an artificial shortage, which caused all the gas stations to start to run out of gas, which made people panic more. Shortly after that started happening, to control demand, all gas prices went up quite a bit here last week. We screwed up the national supply and gas had to be diverted to Texas to cover the areas without gas, increasing price across the nation. San Antonio is still almost completely out of gas. I finally had to fill up my tank this morning, went to two gas stations here in Austin (which isn't bad) before I found some, and they were out of anything but unleaded. It seems like supply is starting to catch up some now, but it's pretty much screwed up gas prices across the country. Actually, it's my fault. I bought a ton of gas futures before Harvey. Link to comment Share on other sites More sharing options...
Just Jack Posted September 6, 2017 Share Posted September 6, 2017 Actually, it's my fault. I bought a ton of gas futures before Harvey. So, with Irma should I buy Florida orange futures? Link to comment Share on other sites More sharing options...
Joe Miner Posted September 6, 2017 Share Posted September 6, 2017 Let's see 2.05 last Monday 2.49 today 0.44 difference 0.44 / 2.05 = 3.5 How much will that cost me over a full 48 week year? Link to comment Share on other sites More sharing options...
DC Tom Posted September 6, 2017 Share Posted September 6, 2017 So, with Irma should I buy Florida orange futures? Cuban cigars and...what do they grow in the Florida panhandle? Strippers? Link to comment Share on other sites More sharing options...
Just Jack Posted September 6, 2017 Share Posted September 6, 2017 Cuban cigars and...what do they grow in the Florida panhandle? Strippers? Immigration lawyers Link to comment Share on other sites More sharing options...
grinreaper Posted September 6, 2017 Share Posted September 6, 2017 How much will that cost me over a full 48 week year? How many months have 28 days? Link to comment Share on other sites More sharing options...
/dev/null Posted September 6, 2017 Share Posted September 6, 2017 Cuban cigars and...what do they grow in the Florida panhandle? Strippers? hammers? How many months have 28 days? English days or Metric? Link to comment Share on other sites More sharing options...
Wacka Posted September 6, 2017 Share Posted September 6, 2017 So, with Irma should I buy Florida orange futures? Is you name Mortimer? Link to comment Share on other sites More sharing options...
/dev/null Posted September 6, 2017 Share Posted September 6, 2017 I propose renaming this hurricane from Irma to Hurricane Ivanka Link to comment Share on other sites More sharing options...
GaryPinC Posted September 6, 2017 Share Posted September 6, 2017 Let's see 2.05 last Monday 2.49 today 0.44 difference 0.44 / 2.05 = 3.5 I think your math is off, = 0.2146 or 21% Link to comment Share on other sites More sharing options...
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