5.50 gallon

[Rebel]

Well, with Ike hitting Galveston tonight, they say we'll be out of gas here by Monday so we filled up both vehicles at 4 bucks a gallon. Friend of mine at the BP station said some stations were already at 5 and 6 a gallon and by tomorrow all would be around 6 bucks and out by Monday and a week before they would have any more gas.
How is it around some of your areas of the country ?
Not sure how this will all play out as I'm driving over 700 miles each week to work and back home.
Hard to believe we have allowed ourselves to be this vulnerable.

[GEJ]

I don't remember in my lifetime the weather having such a big effect on gas pricing.Now the question Larry that come to mind is have the storms gotten bigger or is just another excuse for the gas CEO's to bend us over the gas pumps again.

[CaptSquid]

Hurricane? Whazzat?

We've still got gas prices going down. All of our go-juice is home-grown and refined. Last price reported locally is $3.77. Statewide, the lowest reported is $3.70, high at $4.09.

[crash]

speculation BS is what it is... we were already higher than you, we've gone up more.... and you're where we were at....

now, the Americans seem to be getting as passive as the Canadians about things they don't like used to be they'd rant or get all riled up about something and make the government change it. if you weren't in a recession already.. you will be soon.

[SafariRob]

I happened to be at a gas station yesterday afternoon filling up my Olds at $3.95 a gallon. There was no waiting line, it looked like just another day at a gas station. But there was a guy there, also filling his car, who was flat out fired up about the price and letting everyone know about it. Really, really angry--veins showing in his neck angry. As I was leaving, a lot of cars began to pull in. It was as though an official announcement had been made about the price going through the roof and everyone reacted by getting to their cars and racing to the nearest station. I heard car horns blaring behind me; it seems that someone jumped in front of someone else to get to the pumps and tempers were flaring. Shades of 1974--I saw enough of that back then to last me a lifetime.
I'd have to say that the speculators really have their act dialed in. Got a hurricane coming to the gulf? Play on the fear and the uncertainty. Drive the market price up and make a killing off of everyone else's misery.

[potskie]

Dude thursday night gas prices jumped in soutern ontario 17 cents. All at once "IKE" is the supposed culprit for this. Thursday before the hike people went all fill up crazy. Like lines down the street crazy. It's completely nuts Gas was down around 1.20 A litre then bam!!


I want to go lock up oil execs till it comes back down it would come down like lightning the greedy buggers.

[kings-x59]

If they could control speculators, it would go a long way to mitigating the spikes in gas prices.
I'm seeing these astronomical numbers of drilling rigs and gas wells "lost" to Ike in the media. This does not make sense to me. Ike's big claim to fame was the storm surge, not the wind. Katrina and Rita were much worse. Alicia in '83 was a category 3. Something smells fishy.