I’m not completely concerned about this, but it is certainly worth mentioning. Since the Hurricane gas prices have jumped from $2.45 to $3.09 The Governor of Georgia just made an edict that prices as of 6:00pm 8-31-05 are frozen, and can not be raised any further. Near me there are stations 400 feet apart that have prices from 2.89 to 3.09 for Regular Unleaded. There have been predictions that all pumps will be empty within 3-9 days.
I am sceptical, but time will tell.
Any of the other states having similiar situations? Price freezes?
I thought prices weren’t supposed to go up until the prices paid by the gas stations went up, which shouldn’t be until the “price of supply” went up. Does this always happen instantly when there’s an interruption in part of the supply?
Granted, the hurricane disaster is of huge proportions and fuel will be in very short supply in that area until things can be brought back on line. But at the same time I would expect that to be separate from the price of gas shooting up in California, for example.
I hadn’t heard of the price freeze in Georgia, or any others. I do expect fuels to be in short supply in that area of the country until things stabilize. I know people were unable to find gas in the stricken areas yesterday, which may be reason for steeper increases in price in that region of the country.
I haven’t heard of a nationwide shortage approaching. Production has been cut down, but also some of the federal reserve of crude oil is being released, and the rest of the country is still making gas, as well as whatever we get from overseas. So I think any outages should be relatively brief. At least I hope so.
Apparently the issue is bigger than I thought. The pipelines that provide the fuel are down, so there is no supply. Delta Airlines is having Jet Fuel trucked in to keep their planes in the air. THis will surely cause them to go into bankruptcy.
My neighbor just came from Athens, Ga to Stone Mtn, Ga not one single gas station had fuel. He finally found one off the beaten path that had gas for $3.69 a gallon. Some places were charging as much as $6.00 a gallon which is what prompted the freeze. With everyone off the roads I may be able to uni to work.
I just called a Quik Trip up the street from me, to ask when they would have more gas, since they are completely out. They won’t get anymore until Saturday or Sunday. This is the largest volume gas station near me. They were the last to run out inspite of the lowest price and longest lines. Guess I won’t be screwing around and driving needlessly!
Hey guys,
In Australia at the moment even without a shit bit tornado/ hurrican thinggo, unleaded petrol is about $1.30 A LITRE! AAAAARGHGHGH.
Yeah my road bke is getting much more of a workout because i can not afford to keep my car with petrol in it (even though it is a tiny 4 cylinder hatchback). Apart from being a little more convienient, i have started to really appreciate how effective a good bke is for commuting
Speak for yourself. In Brisbane it’s really high at $1.10/L, luckily my little 250cc single cylinder bike is cheap enough to run that I can fill it with premium without even bothering to look at the price.
It is stupid to lock the prices on gas. In a capitalist society prices are regulatd by supply and demand. If there is a short supply (like now) the prices should be increased untill the demand for gas (at the new price) is low enough that the supply meets the demand. If this price fluctuation is not allowed to happen, then many places will run out of gas, and the economy will sufferAND EVERYTHING WILL BE ABSOLUTELY TERRIBLE and stuff
(gets off soapbox, looks around suspiciously, slinks away)
it’s not like they’re freezing prices across the country, just for that area. allowing market forces to operate freely is probably not a good idea right now in some places. the elasticity of demand is pretty low for gasoline, which is to say that it would take one hell of a price increase to cut demand back far enough to avoid running out. at over $3 per gallon i’m sure people in those areas are already keeping their driving to a minimum. bottom line is you’re going to need gas no matter what you have to pay for it, so demand won’t change much and there’ll still be a shortage. besides, without more gas coming into the area they’re just selling off what they already had, only at a much higher profit. allowing the stations to charge $6 per gallon or more is just gouging customers when they have much bigger problems to worry about
yeah
here too
we just had our 5th increase this year with the price going from R4-50 to just about R6-00 per liter
fortunately i don’t do the 50km dialy commute anymore
Even way up Nawth in New Hampshire gas prices jumped 30 cents overnight.
Of course, the Europeans have been paying higher gas prices for years now. It annoys me, but after Sunday I’ll be barely driving, since school is a short uni ride away
Oh, and in Lennoxville Quebec, it’s been over $3.00 US a gallon all summer… Wonder if this will effect our prices there too…
Thank your government for your higher prices. It’s all the extra taxes. The recent gas price explosion, has been fuelled by speculation and futures trading. There is no shortage, except here where they are having problems piping in the fuel.
Shut up you big girls. My last fill-up here in the UK was equivalent to US $6.4 per US gallon, and it’s probably more than that near London. You lot might as well brush your teeth with the stuff it’s so cheap!
In Brisbane it’s really high at $1.10/L, luckily my little 250cc single cylinder bike is cheap enough to run that I can fill it with premium without even bothering to look at the price. 
