Gas shortages

[1965]

On a good day here we pay $1.03 a liter = $3.774 a gallon but from what we hear with all the refineries shut down in Texas the prices are now $1.30 a liter = $4.914 a gallon. I wonder just how much of our gas comes from Texas? Seems like a fart in the wind influences the price of gas any more......if only we could harvest them.

 

[dmccarty]

I have not been out since Friday evening when I got home from a long day.

At the first of the week gas was about $2.13 a gallon and diesel was $2.41. Friday, the highest I saw was about $2.59 for gas and $2.69 for diesel. I filled up the truck a bit early since I only had enough fuel to get to work 2-3 times before I would have to park the truck. Normally I waiting until "empty" before filling but since we had two outages of the Colonial pipeline in the last year and I have seen stations with NO fuel what so ever, I filled up a bit early and had to pay $2.59.

The pipeline is supposed to have started moving diesel yesterday and gas today.

The oldest has been out working and such and has not seen any pumps closed down. Though I did see one set closed down on Friday.

Later,
Dan

 

[smstonypoint]

I filled up on Thursday in Alexander Co., NC at $2.399. I heard from a neighbor that at least one station in the county was out as of Saturday.

I traveled this morning from NC to SC (mainly on I 40, US 321, I 85, and US 123) and did not observe any stations that were obviously out of gas. Of the stations I observed in SC, most were at $2.499.

Steve

 

[check]

On a good day here we pay $1.03 a liter = $3.774 a gallon but from what we hear with all the refineries shut down in Texas the prices are now $1.30 a liter = $4.914 a gallon. I wonder just how much of our gas comes from Texas? Seems like a fart in the wind influences the price of gas any more......if only we could harvest them.

Or better still, truck gas up here from the US. If it weren't for the forces of darkness, we could make a killing!

 

[TomSeller]

On a good day here we pay $1.03 a liter = $3.774 a gallon but from what we hear with all the refineries shut down in Texas the prices are now $1.30 a liter = $4.914 a gallon. I wonder just how much of our gas comes from Texas? Seems like a fart in the wind influences the price of gas any more......if only we could harvest them.

Right, they raise it just because they can. Parts of the US are served by Alaskan oil, same thing. Nothing to do with Texas oil but the pump price jumps up instantly and goes down slowly.

 

[smstonypoint]

Or better still, truck gas up here from the US. If it weren't for the forces of darkness, we could make a killing!

How are gasoline and diesel taxed in Canada?

Steve

 

[Creamer]

Gas was at a solid $2.55 here at almost every station but went out this morning and saw it at $2.45 at a few stations.

 

[EddieWalker]

Sunday morning my wife and I went to Lowes and Walmart. When we walked into the store at Walmart, we remarked how few people there where getting fuel. I had a can with me for the mower and figured to fill it up after we where done shopping. When we came out, the pumps where packed with lines behind them. Everyone was in their Sunday Best, which told me it was a bad decision to wait until church got out to get fuel. We drove down the road and there where no lines and only two other cars getting fuel. Prices are up a bit, but so far, it's easy to find gas and diesel.

 

[1965]

How are gasoline and diesel taxed in Canada?

Steve

The government says it has no influence on the prices however the higher the price the more they make. The taxes are printed right on the pumps and add up to about 17% on the dollar.

 

[/pine]

Let's think about this. Refinery shutdowns have reduced the demand for crude oil, so there is no reason to expect crude prices to rise in this circumstance.

The refinery shutdowns have decreased the supply of gasoline at the retail level. The demand for gasoline is price inelastic -- %change in quantity demanded/%change in own price-- is less than one in absolute value. The right-hand panel below is applicable.

There is nothing sinister going on -- just supply and demand at work.

Steve

Often referred to in the industry as a "crack spread"

 

[GAFarmer2]

Right now in South GA, it's up, but I see plenty of fuel trucks out and about. What is going to hurt us is all the evacuees from Irma coming up from Florida. I talked to a friend today who is a hauler for one of our local fuel companies, and he said they're pulling in all the extra drivers they can. They're expecting "doubled demand" by Friday. I'm just topping off every day to keep my truck full, as I usually do, and hoping we can make it through the squeeze. I typically drive close to 200 miles a week for work, not counting personal miles..and we're in the middle of harvest right now...

Oh well...it is what it is. I just pray for everyone affected, and that we skirt through Irma with minimal damage!

 

[txdon]

The number of closed stations is about at 50% now, down from 90% Sunday. You can tell a station is open from a distance if they have their "new" gas priced at $2.58-$2.59 per gallon. If their price sign says lower you can bet their pumps have "out" bags on the handles. The stations that are in remote areas are still advertising $2.71.

 

[1965]

Right now in South GA, it's up, but I see plenty of fuel trucks out and about. What is going to hurt us is all the evacuees from Irma coming up from Florida. I talked to a friend today who is a hauler for one of our local fuel companies, and he said they're pulling in all the extra drivers they can. They're expecting "doubled demand" by Friday. I'm just topping off every day to keep my truck full, as I usually do, and hoping we can make it through the squeeze. I typically drive close to 200 miles a week for work, not counting personal miles..and we're in the middle of harvest right now...

Oh well...it is what it is. I just pray for everyone affected, and that we skirt through Irma with minimal damage!

I always kept my truck full but holding out had it down on an 1/8 tank and $30 just put it up to 1/4. If this is due to Harvey then I guess shelling out a few more bucks for gas is pretty minimal damage compared to the poor folks wondering where they are going to live once it is all done. I just wish the powers to be would apply my extra cost at the pumps to the people most affected by the cause of the increase rather then pi$$ it away on something stupid.

 

[MAD777]

I'm just north of Miami, FL. Gas went up $0.65 immediately after Harvey. Now with a Cat 5 Irma headed for us, there may not be any gas stations left. Count your blessings, as they say.

 

[GAFarmer2]

I'm just north of Miami, FL. Gas went up $0.65 immediately after Harvey. Now with a Cat 5 Irma headed for us, there may not be any gas stations left. Count your blessings, as they say.

My brother lives in Hollywood. Just talked to him today...he talks like he's gonna stay and try to ride it out. Hard headed and such...

Thoughts and prayers are with y'all.

 

[square1]

Gas Buddy sent out a Gas Prices Rising in Michigan alert yesterday. The truck, having only been driven home from the gas station after fueling, is still full. The car was on E so I decided to fill it up. Found one station still at 2.479 everywhere else was up to 2.799. Wish I had thought to take the mower and woodsplitter cans
Still not seeing signs of supply issues here.

 

[txdon]

Drove to Austin most gas stations now open price has settled to $2.599 per gallon.
On the way back I stopped at the Supper Buc-ee's in Bastrop they only had regular gas and it was only $2.35. Also half of their diesel pumps were out.

 

[Chuckzforce]

No not in my area

 

[EddieWalker]

I noticed gas prices are coming back down. $2.39 seems to be the latest price. Still .20 cents above what it was before Harvey, but a lot better then the peak of $2.59

 

[dmccarty]

I have not seen any outages but I did notice that diesel and 87 octane gas was $2.65 at one station. Higher grades of gas were over $3.00 a gallon.

Later,
Dan