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Old 09-20-2008, 05:43 AM
Location: Southwestern Ohio
4,107 posts, read 5,617,345 times
Reputation: 1600


Because of IKe and ensuing power outages... most gas stations were either off grid(still over 100K without power) or they ran out for a few days. I nearly had to call off for no gas. It's between 3.94 and 3.99 here.
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Old 09-22-2008, 01:58 PM
Location: Earth
1,426 posts, read 3,489,290 times
Reputation: 832
Default Here we go again...

Dow plummets >300, oil spikes $25.....it probably IS time to top off if you can
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Old 09-22-2008, 02:19 PM
Location: Log "cabin" west of Bangor
5,319 posts, read 6,129,149 times
Reputation: 8665
Gas was 3.449 at the Irving in Newport this morning. They were doing a lot of business and there were some angry shouts of "I was here first!"
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Old 09-22-2008, 03:24 PM
Location: Maine
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Reputation: 8302
Heating Oil is $3.84 here today.
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Old 09-22-2008, 04:52 PM
Location: Northern Maine
9,153 posts, read 13,722,253 times
Reputation: 7990
Refineries are coming back on line. When we had a whole lot of refineries down there was an excess supply of crude oil so there were sharp crude oil price reductions. On the other end of the pipeline there was no gasoline coming out from several companies. Many gas stations were out of fuel and others tried to avoid running out by raising prices. You could call it profiteering, but for some owners it was simply a defensive move so they would have gas for their regular customers. South Carolina has many gas stations out of gas and truckers are not letting their tanks go too far down.

The price of crude is climbing for another reason. The dollar is falling in value. I was in Chile in 1963 the first time Allende tried to take over. When employees got paid they literally ran to stores to buy things because the next week everything was going to cost more. Argentina is there again right now. Soon the world will look at our economy as we used to look at a banana republic.
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