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Old 04-23-2007, 09:40 AM  
Donger Donger is offline
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Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

http://www.bloomberg.com/apps/news?p...d=afOlUzd30YOo

Pretty alarmist, IMO, but possible.

Spoiler!

Last edited by Donger; 10-10-2014 at 02:43 PM..
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Old 08-26-2012, 12:47 PM   #3766
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Today might very well be the day to fill up. The model tracks for what will probably be Hurricane Isaac appear to be pushing farther west and west. May very well drive itself into LA and TX now. According to twitter reports BP is already evacuating all their Gulf rigs.
Uh oh.....this is about to get interesting.
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Old 08-26-2012, 12:55 PM   #3767
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ok, so I am not allowed to post links yet.

find the nhc.noaa.gov

predicted path to move west.

Landfall in Mississippi with 110 mph winds

But those things are damn hard to predict
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Old 08-26-2012, 01:12 PM   #3768
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Shell also plans to start evacuating their eastern Gulf rigs tomorrow.
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Old 08-26-2012, 01:46 PM   #3769
Donger Donger is offline
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Originally Posted by displacedinMN View Post
Great

wait for the price gouging to begin. remember Katrina?

even if it is a weak hurricane, the price will go up.

Minnesota gets most of its oil from Canada-price will still go up.
There wasn't any gouging during Katrina, unless I'm forgetting something.

And, yes, if rigs are evacuated and production stops, yes, prices will go up.
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Old 08-26-2012, 01:58 PM   #3770
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Originally Posted by Donger View Post
There wasn't any gouging during Katrina, unless I'm forgetting something.

And, yes, if rigs are evacuated and production stops, yes, prices will go up.
You are forgetting something.
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Old 08-26-2012, 02:26 PM   #3771
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Quote:
Originally Posted by whoman69 View Post
You are forgetting something.
Such as?
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Old 08-26-2012, 02:30 PM   #3772
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Originally Posted by Donger View Post
There wasn't any gouging during Katrina, unless I'm forgetting something.

And, yes, if rigs are evacuated and production stops, yes, prices will go up.
Yes there was. Prices at Gate gas stations in Jacksonville went up .52 overnight during Katrina. There always has been gouging and there always will be gouging.
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Old 08-26-2012, 02:32 PM   #3773
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Yes there was. Prices at Gate gas stations in Jacksonville went up .52 overnight during Katrina. There always has been gouging and there always will be gouging.
That isn't gouging. That's a fiscal response to a massive supply disruption.
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Old 08-26-2012, 02:39 PM   #3774
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Originally Posted by Donger View Post
That isn't gouging. That's a fiscal response to a massive supply disruption.
No, it's gouging. You can try to word it anyway you want, but it's gouging. The other stations in town didn't go up anywhere near that much. I assume that you either work for one of the oil companies or you don't have to pay for your own gas. I doubt you are really that obtuse to believe that everyone that works in the oil industry is as completely honest and ethical is you make them out to be.
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Old 08-26-2012, 02:41 PM   #3775
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Quote:
Originally Posted by Spott View Post
No, it's gouging. You can try to word it anyway you want, but it's gouging. The other stations in town didn't go up anywhere near that much. I assume that you either work for one of the oil companies or you don't have to pay for your own gas. I doubt you are really that obtuse to believe that everyone that works in the oil industry is as completely honest and ethical is you make them out to be.
No, it isn't.

http://www.usatoday.com/money/indust...-gouging_x.htm
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Old 08-26-2012, 02:49 PM   #3776
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The FTC voted 5-0 to issue the report, but Commissioner Jon Leibowitz issued a sharp statement. He said a handful of refiners more than doubled operating margins in ways not attributable to increased costs after the hurricanes.

"It is equally troubling, however, that most other refiners, who did not technically meet the pricing-gouging test, enjoyed markups of similar magnitude," he said.


Very interesting.
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Old 08-26-2012, 02:52 PM   #3777
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50 cents in one day.

remember gas used to be 50 cents
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Old 08-26-2012, 02:57 PM   #3778
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The FTC voted 5-0 to issue the report, but Commissioner Jon Leibowitz issued a sharp statement. He said a handful of refiners more than doubled operating margins in ways not attributable to increased costs after the hurricanes.

"It is equally troubling, however, that most other refiners, who did not technically meet the pricing-gouging test, enjoyed markups of similar magnitude," he said.


Very interesting.
And?
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Old 08-26-2012, 02:58 PM   #3779
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And?
Go **** yourself?
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Old 08-26-2012, 03:02 PM   #3780
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Go **** yourself?
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