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Tweets from around the U.S. " long lines at gas stations right now!" Panic buying! Fights!
Ms Sans Serif
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[quote:Copernica:MV8yMDA4ODgwXzMzNzU3OTg5XzkyQjVDRTA1] [quote:ArmchairObserver:MV8yMDA4ODgwXzMzNzU3OTE4XzM0NzA0NURB] [quote:Doomamatrix:MV8yMDA4ODgwXzMzNzU3NzgyX0ZGOTNBODc=] From SoCal...and yes, I DO REALLY LIVE HERE, ok? I left town for a week. When I left, my tank was at half so I just parked it and thought, "I'll fill it up when I get back." At that point, the average price in the Torrance area was $4.21 for the mid grade stuff. I got back yesterday. Filled up this morning where now, in my area, the average price for mid-grade is $4.85! It is 10 cents less if you use cash which I did. The lady at the counter blamed the fire in North CA in Aug and some event at the Chevron refinery in Torrance from last week. She warned that shortages will be happening because everyone is going nuts from stories that there is a gas shortage. Pace at the station was brisk at 8:00AM. No lines yet, no fights. [/quote] [b]She warned that shortages will be happening because everyone is going nuts from stories that there is a gas shortage.[/b] Yep. If a panic does happen, then the people will have brought a gas shortage upon themselves and, trust me, they WILL raise the price of gas even higher because everyone will be demanding it of them. Infinitely better to just buy as you normally would and wait it out. [/quote] I think the key problem is that the gas stations just aren't willing to pay the current wholesale prices. They know the price will drop and they'll wind up having to sell the gas at a loss. Instead, they're just letting their supplies run out. The lucky stations are the ones that just got filled in the last week, before the price hike. This is one of those times that I'm wondering where the government is. At minimum, shouldn't the state government be doing something to get the wholesale prices under control? It seems the suppliers are engaging in a mild form of racketeering and some stations are just price gouging. (Not that gasoline sales aren't a racket every day...but this seems excessive) [/quote]
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