Get Gas!!!!!!!!!!!

[bestmazda01]

Due to the hurricane, crude oil is currently up FIVE DOLLARS a barrel to $70+

gasoline is up TWENTY CENTS a gallon.

We'll see prices rise TWENTY FIVE cents a gallon tuesday morning in most of the nation.

 

[Prodigy]

sources?



edit: tidbit more info http://money.cnn.com/2005/08/28/news/economy/katrina_oil.reut/index.htm

 

[JCell]

and i'm on empty

 

[bestmazda01]

go look for yourself on the market right now.

http://www.bloomberg.com/markets/commodities/energyprices.html

 

[bestmazda01]

Nymex Crude 69.79 3.66 5.53 19:23
IPE Crude 64.87 -1.40 -2.11 08/26
Dated Brent 64.85 -1.53 -2.30 08/26
WTI Cushing 66.13 -1.16 -1.72 08/26

PETROLEUM (/gal)
PRICE* CHANGE % CHANGE TIME
Nymex Heating Oil 200.50 16.84 9.17 19:14
Nymex Gasoline 212.35 19.66 10.20 19:23

NATURAL GAS ($/MMBtu)
PRICE* CHANGE % CHANGE TIME
Nymex Henry Hub 11.81 2.02 20.61 19:22
Henry Hub 9.84 .07 .72 08/26
New York City Gate 10.23 .07 .69 08/26

ELECTRICITY ($/megawatt hour)
PRICE* CHANGE % CHANGE TIME
Mid-Columbia, firm on-peak 75.17 2.27 3.11 08/26
Palo Verde, firm on-peak 86.70 .75 .87 08/26
Cinergy, firm on-peak 83.09 -8.82 -9.60 08/26

 

[FrigginGLI]

(yupnope)

 

[bestmazda01]

still up 19.81/cents gal

 

[FL_PR5]

i just suck at reading stocks and such forth. i'll see the sign outside the gas station and if it rises then i'll complain.

 

[Roywhitep5]

meanwhile bush is making out with a saudi prince

 

[bestmazda01]

unfortuantely its actually more your and my fault....

 

[FL_PR5]

surely its not mine. (cheers2)

 

[BlkZoomZoom]

And here I thought it was the Chinese.

 

[bestmazda01]

oh goodness.

 

[Protege52003]

man, i filled up tonight; $27.40 for 10 gallons.......least the milage was around 28MPG +......

-R

 

[zoomzoom02]

booo! *going to fill up*

 

[Lani]

Thanks for the heads up. I'll be at the gas station tomorrow morning to top it off.

 

[DSM2MSP]

Futures have the gas up another .20 cents by midweek.

All our oil supply from the Gulf are stopped. So far, we are short a million barrells of oil because of the hurricane. We get 1/3 of our oil from the Gulf....so now think about this, whats gonna happen when we realize all those oil stations are ****** up/destroyed by the 'cane?

 

[bestmazda01]

another .20? that .20 will make it to market tomorrow... not midweek,
at least it will here.

 

[Lord_Zath]

booo! *going to fill up*

Interesting sig pic. Were there some wildfires in the AZ mountains lately?

I think half the price increase at the pump will be due to crude oil prices. The other half will be from jackass gas station owners gouging because they realize they can do it and blame it on a natural disaster.

Remember the day after september 11th? All my friends said they were going to fill up on the afternoon/evening of 9-11 because they were worried about prices. I told them to wait because oil prices are highly inelastic - they can fluctuate quickly. I saw lines going for blocks at many stations that night. The next day, I think the highest I saw was $8 a gallon. Then Gov'nor Ryan of IL said any case of gouging gas prices would be a $20,000 fine. Most stations immediately reduced prices back. A couple days later, on the 13th, I think gas prices were maybe $.05 higher than before the 11th.

The moral of the story is - don't fill up on the first day. If you can, wait a few days.

That said, I'm glad as hell I decided to fill up on Friday last week (cheers2)

 

[bestmazda01]

moral of the story, fill up now... lol