| a.e.B.O.T. |
09-11-2008 05:57 PM |
Major BumP******
So, Refineries have been closed down in Texas due to the arrival of Hurricane Ike. Gas (atleast here in S.C.) is predicted to go up by a dollar over night. I just drove down the road and there are lines out of the gas station, EVERY gas station, that are blocking traffic like crazy...
Sad thing is, people going to fill up their tanks cuts of the supply, and simple supply and demand charts show, the price will rise with the less gas we have on supply!!!
The following is a statement from AAA.
Quote:
Gasoline prices in the wholesale market spiked this afternoon as Hurricane Ike headed across the Gulf of Mexico toward Texas and its refineries. Some gasoline stations in the Carolinas have begun limiting the amount of a gasoline purchase and raising their pump prices.
"Hurricane Ike is projected to hit landfall in Texas Friday or Saturday and in anticipation of its storm path, refineries in the Gulf of Mexico have closed," said David E. Parsons, CEO and President of AAA Carolinas.
"Gas prices have gone up and some stations have placed a restriction on the number of gallons customers can buy because it is unclear right now how long the refineries will remain closed or if they will sustain any damage," he said.
"The worst thing that could happen would be for motorists to flock to gas stations to top off their tanks," said Parsons. "That will worsen the situation before anyone knows what the damage will be. We encourage people not to panic, drive conservatively and don't take unnecessary trips until the damage assessment is completed early next week."
This gas spike comes on the heels of the closing of some refineries in the past few days based on the expected path of Hurricane Gustav, said Parsons, and Gustav did not cause any major damage and the refineries reopened and put more oil into the pipeline. Parsons said most refineries made significant changes to their oil rigs after Hurricane Katrina three years ago and these upgrades are designed to protect against hurricanes. Flooding and a loss of electricity are the biggest fears.
An affiliate of the American Automobile Association, AAA Carolinas is a not-for-profit organization that serves more than 1.7 million members with travel, automobile and insurance services while being an advocate for the safety and security of all travelers.
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