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post #1 of 34 (permalink) Old 08-31-2005, 08:41 PM Thread Starter
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gas rationing?

on gixxer.com they said some places have started doing this? anyone confirm/deny? said that chevron is really limiting gas on the east coast. hmmm


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post #2 of 34 (permalink) Old 08-31-2005, 08:42 PM
 
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interesting
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post #3 of 34 (permalink) Old 08-31-2005, 08:44 PM
 
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That'll be interesting... I know someone that filled up a Mercury Mountainer and it was 65 bucks.. Man am I glad I have a bike.
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post #4 of 34 (permalink) Old 08-31-2005, 08:45 PM
 
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Aug. 31 (Bloomberg) -- Crude oil rose above $70 a barrel and gasoline reached a record for a third day after Hurricane Katrina paralyzed U.S. oil output, refining and imports along the Gulf of Mexico coast, forcing wholesalers to ration fuel.

Oil and natural gas platforms were shut for a fourth day, sending natural gas prices to a record as well. Eight refineries in Louisiana and Mississippi, accounting for more than 10 percent of U.S. refining capacity, were closed by the approach of Katrina, the most powerful storm to strike the Gulf coast since 1969.

``You have an oil market that is quite tight in the products side, particularly in the U.S.,'' said Robert Mabro, president of the U.K.-based Oxford Institute for Energy Studies. ``Then you have a hurricane which closed eight refineries. The market looks at the situation and realizes supplies are even tighter. Prices will only fall if demand declines.''

Crude oil for September delivery rose as much as 84 cents, or 1.2 percent, to $70.65 a barrel on the New York Mercantile Exchange, where it was up 57 cents at 11:05 a.m. London time. Oil has jumped 67 percent in the past year, after reaching a record $70.85 yesterday.

Gasoline for September rose as much as 3.4 percent on Nymex to an all-time high of $2.57 a gallon after surging 21 percent yesterday. Natural gas reached a record $12.30 per million British thermal units and was trading up 3.8 percent at $12.099.

Hundreds Dead

Katrina's death toll may reach into the hundreds. Looting broke out in New Orleans, where the National Guard patrolled the streets in a bid to preserve order. Gasoline and diesel tanks ran dry at some terminals in the Midwest, South and Southeast as refiners and wholesalers across most of the U.S. started rationing deliveries to filling stations and convenience stores.

BP Plc, Royal Dutch Shell Plc and other oil companies sent helicopter crews to assess damage to the nation's most important oil and gas producing region. Shell said its Mars platform, which can pump 15 percent of the U.S. Gulf's crude oil, was damaged by Katrina on Aug. 29.

U.S. gasoline prices at the pump yesterday rose to a record, averaging $2.619 a gallon, according to the AAA. They are set to rise further as the price surge caused by the hurricane filters through to retail prices.

In the past five years, pump prices have averaged about 62 cents higher than Nymex futures, Bloomberg data show. Based on today's record futures price, the average cost to U.S. consumers may reach $3.19 a gallon.

Wholesale gasoline prices surged 68 cents, or 28 percent, to $3.1245 a gallon yesterday at Gulf Coast terminals, according to data compiled by Bloomberg. In Chicago, wholesale prices jumped 61 cents to $2.9497 a gallon.

Refineries Shut

The total refining capacity shut is at least 1.79 million barrels a day. The cumulative loss in refined products may be at least 30 million barrels a day, or a day and a half of U.S. demand, said Deborah White, an economist at Societe Generale SA.

``Even if there's no damage, it's going to take at least two weeks for refineries to come back,'' White said in an interview from Paris. ``It's at least as serious as Hurricane Ivan, which we had last year. And it took six months to get production back to normal in that case.''

Oil prices gained 22 percent in the month after Hurricane Ivan damaged oil rigs, ripped up undersea pipelines and blocked with silt the ports oil companies use to supply and maintain facilities in the Gulf.

Gulf Production

U.S. production in the Gulf of Mexico is usually about 1.5 million barrels a day, according to the country's Minerals Management Service. Adding the 3.5 million barrels a day Mexico pumps in the region brings the total to 5 million barrels a day, or about 6 percent of global output.

The disruptions caused by Katrina may make it harder for refiners to stockpile winter fuels in preparation for a fourth- quarter peak in demand.

U.S. crude stockpiles probably rose by 1 million barrels last week, before Katrina pounded the Gulf, according to the median forecast of 14 analysts surveyed by Bloomberg. Distillates, mostly winter fuels including heating oil and diesel, may have increased by 1.5 million barrels. Gasoline supplies probably dropped by 1.63 million barrels.

The U.S. Energy Department will publish its weekly report on petroleum inventories at 10:30 a.m. Washington time.
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post #5 of 34 (permalink) Old 08-31-2005, 08:46 PM
 
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WSAV News 3
Wednesday, August 31, 2005


You’ve heard all the rumors of problems with gas supplies. WSAV has spoken to two major convenience store chains and several gas stations, and everyone reports they have gas and see no problem getting more. The Chatham Emergency Management Agency released the following statement this afternoon.

“There is a rumor circulating that there will be a "Gas Shortage" or "Gas Rationing" in the State Of Georgia. These rumors are false. Colonial Oil AND the Governor's office both state that these rumors are FALSE.”

Again, there is no problem with gasoline supplies in Georgia so don’t panic
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post #6 of 34 (permalink) Old 08-31-2005, 08:47 PM
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im at work and one of the guys said it was going to increase $1.00 a gallon tonight. i ve got to stop on the way home.
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post #7 of 34 (permalink) Old 08-31-2005, 08:47 PM
 
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post #8 of 34 (permalink) Old 08-31-2005, 08:48 PM Thread Starter
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hmmm be in teresting what they keep gas at.


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post #9 of 34 (permalink) Old 08-31-2005, 08:50 PM
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People will panic and stock up which will cause a shortage


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post #10 of 34 (permalink) Old 08-31-2005, 09:57 PM
 
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Quote:
Originally Posted by R1Budha
Aug. 31 (Bloomberg) -- Crude oil rose above $70 a barrel and gasoline reached a record for a third day after Hurricane Katrina paralyzed U.S. oil output, refining and imports along the Gulf of Mexico coast, forcing wholesalers to ration fuel.

Oil and natural gas platforms were shut for a fourth day, sending natural gas prices to a record as well. Eight refineries in Louisiana and Mississippi, accounting for more than 10 percent of U.S. refining capacity, were closed by the approach of Katrina, the most powerful storm to strike the Gulf coast since 1969.

``You have an oil market that is quite tight in the products side, particularly in the U.S.,'' said Robert Mabro, president of the U.K.-based Oxford Institute for Energy Studies. ``Then you have a hurricane which closed eight refineries. The market looks at the situation and realizes supplies are even tighter. Prices will only fall if demand declines.''

Crude oil for September delivery rose as much as 84 cents, or 1.2 percent, to $70.65 a barrel on the New York Mercantile Exchange, where it was up 57 cents at 11:05 a.m. London time. Oil has jumped 67 percent in the past year, after reaching a record $70.85 yesterday.

Gasoline for September rose as much as 3.4 percent on Nymex to an all-time high of $2.57 a gallon after surging 21 percent yesterday. Natural gas reached a record $12.30 per million British thermal units and was trading up 3.8 percent at $12.099.

Hundreds Dead

Katrina's death toll may reach into the hundreds. Looting broke out in New Orleans, where the National Guard patrolled the streets in a bid to preserve order. Gasoline and diesel tanks ran dry at some terminals in the Midwest, South and Southeast as refiners and wholesalers across most of the U.S. started rationing deliveries to filling stations and convenience stores.

BP Plc, Royal Dutch Shell Plc and other oil companies sent helicopter crews to assess damage to the nation's most important oil and gas producing region. Shell said its Mars platform, which can pump 15 percent of the U.S. Gulf's crude oil, was damaged by Katrina on Aug. 29.

U.S. gasoline prices at the pump yesterday rose to a record, averaging $2.619 a gallon, according to the AAA. They are set to rise further as the price surge caused by the hurricane filters through to retail prices.

In the past five years, pump prices have averaged about 62 cents higher than Nymex futures, Bloomberg data show. Based on today's record futures price, the average cost to U.S. consumers may reach $3.19 a gallon.

Wholesale gasoline prices surged 68 cents, or 28 percent, to $3.1245 a gallon yesterday at Gulf Coast terminals, according to data compiled by Bloomberg. In Chicago, wholesale prices jumped 61 cents to $2.9497 a gallon.

Refineries Shut

The total refining capacity shut is at least 1.79 million barrels a day. The cumulative loss in refined products may be at least 30 million barrels a day, or a day and a half of U.S. demand, said Deborah White, an economist at Societe Generale SA.

``Even if there's no damage, it's going to take at least two weeks for refineries to come back,'' White said in an interview from Paris. ``It's at least as serious as Hurricane Ivan, which we had last year. And it took six months to get production back to normal in that case.''

Oil prices gained 22 percent in the month after Hurricane Ivan damaged oil rigs, ripped up undersea pipelines and blocked with silt the ports oil companies use to supply and maintain facilities in the Gulf.

Gulf Production

U.S. production in the Gulf of Mexico is usually about 1.5 million barrels a day, according to the country's Minerals Management Service. Adding the 3.5 million barrels a day Mexico pumps in the region brings the total to 5 million barrels a day, or about 6 percent of global output.

The disruptions caused by Katrina may make it harder for refiners to stockpile winter fuels in preparation for a fourth- quarter peak in demand.

U.S. crude stockpiles probably rose by 1 million barrels last week, before Katrina pounded the Gulf, according to the median forecast of 14 analysts surveyed by Bloomberg. Distillates, mostly winter fuels including heating oil and diesel, may have increased by 1.5 million barrels. Gasoline supplies probably dropped by 1.63 million barrels.

The U.S. Energy Department will publish its weekly report on petroleum inventories at 10:30 a.m. Washington time.

ya....but the gov't opened another refinery reserves that dropped it back under 69.56 in the same hour

gas companies are gonna price themselves right outta business


aaaaaaaahhhh

the almighty dollar
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post #11 of 34 (permalink) Old 08-31-2005, 10:03 PM Thread Starter
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nice find budha


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post #12 of 34 (permalink) Old 08-31-2005, 10:30 PM
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Quote:
Originally Posted by r1gladiator
People will panic and stock up which will cause a shortage
Well I didn't panic but, I did go out and find a local station that was @ 2.77/gal... I filled up all of our vehicles for a total of about 90 gallons...

After I left the clerk said they just got the notice to raise it to 2.99/gal, After driving around a little to check I saw as high as 3.29/gal for regular and 3.49 for premium.....



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post #13 of 34 (permalink) Old 08-31-2005, 10:32 PM
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this is the final straw for me to go buy a 4-cylinder commuter truck. going this weekend. my f150 is going to break me. i commute 60 miles a day, and it gets 260 to the tank. tank only lasts about 5 days. i'm done with that. i've been mulling this over for awhile, but $100 a tank is completely fucking unfeasable for me. the gas station on coronado today was selling gas for $3.44 a gallon.....and they stopped selling regular.


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post #14 of 34 (permalink) Old 08-31-2005, 10:40 PM
 
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went to 3+ here also


great
right when I have no freaking jb in the first place
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post #15 of 34 (permalink) Old 08-31-2005, 10:44 PM
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Gas is cheaper in the desert. Sometimes its good to behind the time :

Dana Point Is more
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post #16 of 34 (permalink) Old 08-31-2005, 11:52 PM
 
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Quote:
Originally Posted by firehawk
this is the final straw for me to go buy a 4-cylinder commuter truck. going this weekend. my f150 is going to break me. i commute 60 miles a day, and it gets 260 to the tank. tank only lasts about 5 days. i'm done with that. i've been mulling this over for awhile, but $100 a tank is completely fucking unfeasable for me. the gas station on coronado today was selling gas for $3.44 a gallon.....and they stopped selling regular.
Muhahahahaaaa...welcome to MY world.... You KNOW it won't stop at 4$ a gallon
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post #17 of 34 (permalink) Old 09-01-2005, 03:26 PM
 
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post #18 of 34 (permalink) Old 09-01-2005, 03:40 PM
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Gas is 355 at my local area and the owner says it will be over 4 and even 5 if likley.

OPEC sells a barrel of oil for 4 dollars


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post #19 of 34 (permalink) Old 09-01-2005, 04:59 PM Thread Starter
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we are 3.02 still, but this is CRAZY


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post #20 of 34 (permalink) Old 09-01-2005, 05:14 PM
 
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We hit 3 for regular and 330 for prem.
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