Thier is liable to be a temporary gas shortage because of the storm..If you live in the south east buy gas today you should have purchase yesterday,Guess who did not ?? uh oh There is voluntary rationing at some stations here just north of me they are asking people to limit Gas purchase to 10 gallon ,,I have a temp room mate when he heard this he said "" I better go fill up "" Better safe than sorry I am not expecting any real gas shortage this is a place in time where being prepared will cost you nothing you would not spend any way if you live with in 300 miles of land fall FILL UP NOW>>
I agree. Have talked to my nephew and my neice's husband this morning--both employees of Exxon Baytown. The plant is shut down--as much as is possible to do so, and depending on how bad the damage is from flooding--and how long it takes to get electricty back, it may take weeks to get back on line with the largest refiner of gasoline in the US. All other refineries on the upper Texas coast are also shut down. About 18% of the nation's refining capacity.
No one wants a refinery built in their backyard phranc, and to be honest, most oil companies are somewhat unwilling to spend billions now to build a new refinery for something that may be obsolete in 20-25 yrs. There are a lot of variables involved as well, mostly related to supply logistics for getting crude to the refineries. By neccessity, they need to be near the coast, to enable them to have large feeds of crude, and there are very few places on any coast that would provide protection from storms like this.
No one wants a refinery built in their backyard phranc, and to be honest, most oil companies are somewhat unwilling to spend billions now to build a new refinery for something that may be obsolete in 20-25 yrs. There are a lot of variables involved as well, mostly related to supply logistics for getting crude to the refineries. By neccessity, they need to be near the coast, to enable them to have large feeds of crude, and there are very few places on any coast that would provide protection from storms like this.
We used to have a small refinery up on the north side of Indy for decades.
Real estate prices went up in that part of town, and they closed it down to make it an office park.
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10:52 AM
USFiero Member
Posts: 4879 From: Everywhere and Middle of Nowhere Registered: Mar 2002
No one wants a refinery built in their backyard phranc, and to be honest, most oil companies are somewhat unwilling to spend billions now to build a new refinery for something that may be obsolete in 20-25 yrs. There are a lot of variables involved as well, mostly related to supply logistics for getting crude to the refineries. By neccessity, they need to be near the coast, to enable them to have large feeds of crude, and there are very few places on any coast that would provide protection from storms like this.
I know no one wants one built "in their backyard". And yes they need to be built on a coast ( except up in the northern interior ) but we have lots of coasts and so much of the refinery is located in the one place that gets hit by storms year after year after year. Refineries don't just make gas. Planes won't be running on CNG. Plastics wont be made with yams. All those other refined things from crude oil will still need to be refined and even gas will still need to be refined in 50 years. There are many different chains of hydrocarbons that get refined. These shut downs effect a lot more then just the price of gas. With current refineries running at such % of total just to keep pace with demand we all know that when one goes down it causes a mess all over.
rant over
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11:01 AM
Pyrthian Member
Posts: 29569 From: Detroit, MI Registered: Jul 2002
No one wants a refinery built in their backyard phranc, and to be honest, most oil companies are somewhat unwilling to spend billions now to build a new refinery for something that may be obsolete in 20-25 yrs. There are a lot of variables involved as well, mostly related to supply logistics for getting crude to the refineries. By neccessity, they need to be near the coast, to enable them to have large feeds of crude, and there are very few places on any coast that would provide protection from storms like this.
I agree no-one wants one in their backyard. so, dont build one in their backyard. the real issue with these things is the smell. they stink. bad. we have one here in Detroit. I see no coast - well - there is the Detroit River, and the Great Lakes - but - not much drilling nearby that I know of....
and, next - while these things can be easily made to withstand the storms - thats not the problem - they need people to run them.
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11:12 AM
ryan.hess Member
Posts: 20784 From: Orlando, FL Registered: Dec 2002
Mmmhmm. If everyone runs out to fill up it will only serve to create an increase in demand which will decrease the limited supply which will then cause prices to skyrocket further. While it seems counterintuitive, you should just fill up when you need it, not any sooner. It is a self fullfilling prophecy, of sorts. Everyone tells you prices are climbing so you go to fill up when you really don't need to which leads to lower supplies which, again, causes prices to increase. You essentially shot yourself in the foot.
Aren't you the one always screaming that the reason gas prices keep going up is our demand for the stuff? Kind of ironic, eh? Now you're advocating an articial demand increase. Bravo.
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01:45 PM
PFF
System Bot
ryan.hess Member
Posts: 20784 From: Orlando, FL Registered: Dec 2002
Mmmhmm. If everyone runs out to fill up it will only serve to create an increase in demand which will decrease the limited supply which will then cause prices to skyrocket further. While it seems counterintuitive, you should just fill up when you need it, not any sooner. It is a self fullfilling prophecy, of sorts. Everyone tells you prices are climbing so you go to fill up when you really don't need to which leads to lower supplies which, again, causes prices to increase. You essentially shot yourself in the foot.
Aren't you the one always screaming that the reason gas prices keep going up is our demand for the stuff? Kind of ironic, eh? Now you're advocating an articial demand increase. Bravo.
I think just the news getting out that one gas station wants to ration gas will cause a run on the pumps. It is very much a self fulfilling prophecy. But put yourself in a consumer's shoes... Gas starts going up and stations start rationing..... fears about being dry for the next 2 weeks abound. What do YOU do?
Jim Smith, president of the Florida Petroleum Marketers and Convenience Store Association, said he had heard of some of his members asking customers to ration gas, but his group was not recommending it. "It creates the impression there is not enough product, and Floridians do one thing very well, and that is panic," he said.
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01:50 PM
blackrams Member
Posts: 33139 From: Covington, TN, USA Registered: Feb 2003
Lexington, KY: Regular Unleaded, $4.75.9/gallon this morning. Frankfort, KY: Regular Unleaded, 3.65.9/gallon this morning.
Difference in price, $1.10./gallon. Distance between the two cities is about 24 miles.
I filled up in Frankfort, by days end, it will be just as high here.
Ron
Although, I understand and agree with the self-fulfilling prophecy, I also drive a Fiero, 11.2 gallon gas tank. This morning it was sitting on 1/8 on the gas gauge. Now I could have waited until the prices had increased to get the fuel I'll need for the next 7 to 10 days or I could go get it today before the price increase hits this small part of the world. I'm thinking I did the smart thing.
Dissenting opinions are welcomed but not accepted.
Ron
[This message has been edited by blackrams (edited 09-12-2008).]
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01:55 PM
blackrams Member
Posts: 33139 From: Covington, TN, USA Registered: Feb 2003
Governor Beshear and Attorney General Conway take action to protect Kentucky consumers from price gouging Press Release Date: Friday, September 12, 2008 Contact Information: Jay Blanton Jill Midkiff 502-564-2611
FRANKFORT, Ky. – In response to the dramatic spike in gas prices overnight, Gov. Steve Beshear today signed an executive order declaring a state of emergency to prevent price gouging in the commonwealth.
Under this order, the governor can apply Chapter 367 of the Kentucky Revised Statutes to implement provisions of the law aimed at protecting the citizens of Kentucky from predatory pricing by unscrupulous providers, including but not limited to gasoline and building supplies.
“I am outraged by the voracious practices of price gouging we are seeing,” said Gov, Beshear. “Today, I have taken an extraordinary step to protect the consumers of the commonwealth from these predators.”
The emergency declaration, issued before Hurricane Ike hits the coast, triggers several consumer protection measures. Among them, it empowers the Attorney General to investigate and prosecute, where appropriate, those who sell gasoline, building supplies and other goods for predatory pricing in a time of disaster.
Gov. Beshear and Attorney General Jack Conway have partnered to make aggressive consumer protection a priority, launching an investigation earlier this summer into high gas prices in Louisville.
“Today, I formally requested that Gov. Beshear implement the price gouging protections of Kentucky’s Consumer Protection Act as they apply to gasoline and other goods and services. We have received an overwhelming influx of reports from across Kentucky regarding gasoline price spikes and even rationing. I felt it was important to get the price gouging protections in place as soon as possible to protect the commonwealth’s consumers and businesses,” General Conway said.
Due to the overwhelming call volume they are experiencing, the Attorney General’s Office encourages anyone with specific information regarding the activities of particular gasoline stations or other retail outlets to contact them at gaspricecomplaints@ag.ky.gov.
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May be a tad too late.
Ron
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02:10 PM
Monkeyman Member
Posts: 15845 From: Sparta, NC Registered: Nov 1999
We used to have a small refinery up on the north side of Indy for decades.
Real estate prices went up in that part of town, and they closed it down to make it an office park.
We've got 2 around my area. Laketon refinery in Laketon (just north of Wabash) and Gladieux in Huntington. They both do a fair amount of business for being small refineries. I've lived in this general area most of my life and I've never heard anyone complaining about either.
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02:20 PM
mrfiero Member
Posts: 9014 From: Colorful Colorado Registered: Mar 99
Although, I understand and agree with the self-fulfilling prophecy, I also drive a Fiero, 11.2 gallon gas tank. This morning it was sitting on 1/8 on the gas gauge. Now I could have waited until the prices had increased to get the fuel I'll need for the next 7 to 10 days or I could go get it today before the price increase hits this small part of the world. I'm thinking I did the smart thing.
Dissenting opinions are welcomed but not accepted.
Ron
I hear ya. My car has a 7 gallon tank, so I'm filling up twice a week when I do a lot of driving. To me, 1/8 of a tank is when you should be filling up anyway, so do it....you need the gas. However, the guy who has 3/4 tank really doesn't need to run out and fill up right away. Those are the people that need to just relax and wait until they really need to fill up before filling up. Who knows? By the time they get down to 1/8 tank the "crisis" may have passed and they didn't have to pay the peak price when they didn't have to.
BTW....you either have a 10.2 gallon tank or an 11.9. No such beast as an 11.2!
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03:32 PM
blackrams Member
Posts: 33139 From: Covington, TN, USA Registered: Feb 2003
There are two station across the street from each other and always have prices within 1 cent of each other..but today BP $3.609, 7-11 $3.739... The BP station was packed.. I got 6.6 gallons of 87 octane at BP..
I'm planning a road trip next week to Raleigh in my HHR, should make it with one stop along the way.
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08:26 PM
ron768 Member
Posts: 781 From: Somewhere in the southeast Registered: Apr 2004
