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59 comments on Gas shortages are already happening

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louGrinzo on August 31, 2005 - 7:02pm Permalink | Subthread | Parent | Comments top
The CBS news tonight showed a gas station sign that they said was in the Atlanta area--regular was $5.87(!).

Assuming this was caused by area shortages, I have to wonder how the station owner (or whomever was resonsible) came up with that exact number.  I mean, once you're sure you can sell at that price, why not go for an even $6?

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Shaun on August 31, 2005 - 7:28pm Permalink | Subthread | Parent | Comments top
As with the immediate days following 9/11, I'm sure there will be gas station owners charged for price gouging.  Gas stations are allow a maximum 6% profit on gasoline.  The owner of the gas station charging $5.87 must have been charged a wholesale price $5.54.  Either that, or he was breaking the law.  Once all the excitement and confusion of immediate affects of the hurricane subside, investigations will begin.  People will be held responsible for their actions.
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Ben on August 31, 2005 - 7:49pm Permalink | Subthread | Parent | Comments top
Kinder Morgan, who operates the Plantation pipeline to the southeast, said they are at 25% capacity, with full capacity after electricity is restored to Collins.

http://phx.corporate-ir.net/phoenix.zhtml?c=93621&p=irol-newsArticle&ID=751422&highlight =

So things in Georgia and Florida might be a little tight for a little while.

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59 comments on Gas shortages are already happening

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