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Gas Prices?


Mike

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It's not looking good is it guys! I can see a barrel getting to US$100 and before the years out.

Holden and Ford V8 new car sales have slumped here in New Zealand. Maybe we will see the end of the huge guzzelers for good?

I can see the sales guys at the Toyota dealership rubbing their hands together and watching the hybrid enquires increase. I have a family wagon that gives me 730kms for 52litres. That's pretty good now days and I'm glad I got the eco engine model (1800-VVTi)

I'm going to cringe once I get the 240z back on the road no doubt though...shessh!

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The same station I posted about yesterday raised prices again this afternoon.

$3.19 for 87 octane

$3.29 for 89 octane

I did hear a rumor today that by 2006 the price will be down to $1.80 but I'll believe it when I see it.

CNN had some analysts on the tube say that $4.00 could be expected soon.

Yippee!! Time to get the moped out of the shed!

Chris

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Our prices went from $2.54 at 7 am to $2.64 by noon and $2.75 by 4 pm today for 78 octane. Like the gas in the tanks under the filling pumps was affected by the hurrican. Should it not take a few days for the effects of the storm (in reference to gas prices) to hit places as far away as Montana?

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It's even well over $3.00 here in Atlanta. People here a panicking because of a looming crisis. It turns out that all of the gas in this area comes from the Gulf of Mexico in two pipelines. Both of them are out of commission due to loss of power in Mississippi. There is supposedly 8 days of fuel in storage here in the Atlanta area but everyone is freaking out and filling up right away. Some stations have run out and lines are forming at others. In a way it's funny that the people themselves are causing this problem. Apparently one of the pipelines is now partially operational using generators. Hopefully the other will be up soon. However, with all of the people making a run on the stations now the problem becomes much worse.

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This morning gas was $2.49/gal where I'm at in Atlanta. At lunch I filled up at the same store for $2.55/gal. On the way home it was $3.19/gal (same store mind you) with lines pouring onto the road, backing up the flow of traffic. I personally saw $4.09/gal & heard on the radio that there were stations in Atlanta that went over $6.00/gal.

Now I don't have a problem with it, being that I am a staunch capitalist. If these stores can't get gas to their tanks, they're less likely to sell more profitable items inside their store because they won't have the customer traffic. They still have to pay the rent, even if they're out of gas. However, I will remember those that jacked up the price way high & when prices go back down, certainly won't get my money.

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Well, I just became part of the panic myself and went and filled up. Actually, it's for my wife's car which really was almost empty and I didn't want her having to deal with it in the morning. I went to the Shell station closest to my house and there were about 10 cars total waiting at 9:30pm for the 4 islands (8 pumps). It's kind of a tight space so it looked a bit chaotic but at least there wasn't a line down the street. I was fortunate in that even though cars were waiting at other pumps the one that I needed (for the right side of the car) was wide open so I quickly pulled in. It ended up being $2.99 for regular.

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