[TheForge] OT--Gas prices, gas shortages, price gouging?

Sun Sep 14 16:08:56 EDT 2008

Wasn't it also speculation that dropped the price of a barrel of crude from 
$140+ to $100?

CraigS
Gresham, OR
----- Original Message ----- 
From: "Andrew Vida" <osan at netlabs.net>
To: "Blacksmithing List Sponsored by ABANA" <theforge at mailman.qth.net>
Sent: Sunday, September 14, 2008 7:02 AM
Subject: Re: [TheForge] OT--Gas prices, gas shortages, price gouging?

> Jumped 50 cents overnight in Hinton WV.
>
> The speculators are greasing us yet again.
>
> Rob Fertner wrote:
>> Crap, today it's up to $3.59
>>
>> Rob
>>
>>
>> ______________________________________________________
>>
>>
>> In Wichita, KS gas jumped 10 cents to $3.49 today.
>>  Rob
>>
>>
>> -----Original Message-----
>> From: theforge-bounces at mailman.qth.net
>> [mailto:theforge-bounces at mailman.qth.net] On Behalf Of Washington, Aubrey 
>> O.
>> Sent: Friday, September 12, 2008 2:33 PM
>> To: Blacksmithing List Sponsored by ABANA
>> Subject: RE: [TheForge] OT--Gas prices, gas shortages, price gouging?
>>
>> Here in Norman, OK the 7-Eleven jumped from $3.29 to $3.39 last night.  I
>> guess I still don't have much to complain about.
>>
>> Aubrey
>>
>> ________________________________________
>> From: theforge-bounces at mailman.qth.net [theforge-bounces at mailman.qth.net] 
>> On
>> Behalf Of Jim Beard [regionalchaos at gmail.com]
>> Sent: Friday, September 12, 2008 12:37 PM
>> To: blakkpawss at yahoo.com; Blacksmithing List Sponsored by ABANA
>> Subject: Re: [TheForge] OT--Gas prices, gas shortages, price gouging?
>>
>> We haven't had any run on gas out in Oregon.  We've been staying
>> around 3.75-3.80 a gallon for a while.
>>
>> Jim
>> Drain, OR
>>
>> On Fri, Sep 12, 2008 at 9:56 AM, Jonathan Barnhart <blakkpawss at yahoo.com>
>> wrote:
>>> So, yesterday, in the tri-state area I live, the gas stations were told 
>>> by
>> their parent companies to raise gas prices 20-30 cents a gallon.  This 
>> was
>> mainly due to the refineries shutting down for the incoming hurricane in
>> Texas.
>>> Simultaneously some naer do wells decided to start rumors that the gas
>> price, which had been anywhere between $3.40-$3.75 a gallon, would be 
>> going
>> up to $5.00 overnight and possibly higher in the next week.  Several of
>> these no goods also rumored that we would shortly run out of gas with no 
>> new
>> shipments in the forseeable future.  This lead to a panic which caused
>> people to run out to fill their tanks.  A lot of the rumors sited things
>> like the 911 crisis and hurricane Katrina as examples of what would 
>> happen,
>> since we experienced higher prices and some mild shortages then.  They 
>> also
>> were saying that for some reason or another(I heard several and none of 
>> them
>> really made sense to me) that it would be much worse than these previous
>> times.
>>> With the high volume sales, gas stations started to raise prices due to
>> demand.  Some even made it as high as the $5 mark.  I suspect some of 
>> these
>> were gouging.  However, some were stations low on gas and waiting for
>> shipments, that didn't want to have to pay to reprime their pumps. 
>> Several
>> places were full of cars and starting to line up.  But, it was starting 
>> to
>> die down.
>>> Finally, as if this weren't bad enoughthough, a local T.V. station 
>>> decided
>> to report on the high traffic at the pumps as well as report the rumors.
>> They didn't substantiate or debunk these rumors they just reported them 
>> as
>> rumors.  Unfortunately, it appears as though the people watching focused 
>> on
>> the bad parts of the rumors and missed the fact that they were just 
>> rumors
>> and so the buying went on.  Once again the cars started to line up around
>> the block at the stations.  Some places were much worse than others.  It
>> seems as though some places kept their wits about them and took a wait 
>> and
>> see attitude.
>>> It's my understanding that we now have several local stations that 
>>> either
>> are out of or low on gas.  So, regardless of wether or not the rumors 
>> were
>> true, the panic mass of people have made them true.  I like to call it 
>> "self
>> fulfilling prophecy" or "never underestimate the power of idiots in mass
>> amounts".  Either way, if you knew about it yesterday, you were pretty 
>> much
>> forced to buy, if you could afford to.  That way you wouldn't get stuck 
>> with
>> the higher price that the idiots had scared up.
>>> Depending on who you talk to today, this is either a real thing that and
>> we are going to run low or out of gas within the next week if the storm 
>> goes
>> bad, or it's a hoax and this was only occuring here in southern Illinois,
>> Southeast Missouri, and part of northwest Kentucky.  So, I'm asking 
>> people
>> here if they have experienced anything similar in the last couple days 
>> and
>> trying to make heads or tails of this insanity and idiocy.
>>>
>>>
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