Gas prices may actually DROP due to the hurricane!

[RoadToad]

It had no effect at all on supply, but a significant one on demand:

http://www.cnn.com/2011/TRAVEL/08/28/gas.prices/index.html

[ZX200]

They will raise them due to the lack of severity of the storm.

[waterdog101]

they will raise the price of gas, because labor day weekend is coming up. or because the rain that fell from the sky over the last two days, was to wet.

[elnutsmalljaws]

Went to a certain grocer that sells gas here in Frankfort on Thursday of last week. When I walked in to get some groceries the sign by the front door said $3.36. I got my few items and went to fill up right out front where the sign on top of the awning said $3.39, same price because the sign by the front door reflects discount with a card. I get to the pump and it read $3.69. I questioned the employee in the money booth and ge said he had not had time to change signs. Long story short, I ended up having to get the store manager involved and got my 20 gallon fill up for $3.36 not counting my additional .30 off a gallon reward for a nice total of $3.06 a gallon. False advertisement is false advertisement. Before I left they had changed the big sign and a lady was working on changing the sign by the store.

[HURRICANEBOB]

Fair warning, buy gas now. I'm going to fill the boat Saturday, so demand is going up. You know how the oil companies are. they see one 9 gallon spike and .....whammmmo....increased demand....higher prices.

[Chubminnow]

Today is September 2nd. About seven or eight days ago I filled up both of my trucks for $3.35 per gallon. I went down to Cumberland for a four day stay and I wasn't so lucky, by the time the wife and I got there at the BP on 127 (across from Bill's Boat Barn) the price had already sky rocketed to $3.69 per gallon...Oh well, if you want to boat you have to have gas, so in goes $100.00 dollars into the Sea Ray. We don't run the lake that much so that was plenty.

Long story short....here we are, seven to eight days later and I'm STILL waiting for the prices to drop.

[Bobby Headrick]

Mon the gas prices here in Glasgow was 3.55, tues they dropped to 3.52. Thurs they went up to 3.75. This is a rackett something needs done and soon. In the words of MHALL. I HATE BIG OIL!

[DJD]

Mon the gas prices here in Glasgow was 3.55, tues they dropped to 3.52. Thurs they went up to 3.75. This is a rackett something needs done and soon. In the words of MHALL. I HATE BIG OIL!

I'll take that a step further...I hate the gubment for acting like they would or could do something about it when in fact they love and depend on the taxes they receive from each gallon of gas sold but they still blame others.
I blame gubment and no real investment in alternative fuels or new refineries.

[RoadToad]

I'll third that.. I HATE BIG OIL! And the price drop obviously never happened. And I too am sick of all the posturing from politicians, the so-called investigations into price gouging, that in fact never end up accomplishing anything. Well maybe one thing - to an astute person, it's one more piece of evidence showing just how full of crap ALL politicians are.

[Bobby Headrick]

News flash price did happen a while ago, the store in front of my office just dropped their gas prices down, now here it is a whole penny, thats right, now it is only 3.74 a gal, whew relive at last.

[bassin_bug]

It had no effect at all on supply, but a significant one on demand:

http://www.cnn.com/2011/TRAVEL/08/28/gas.prices/index.html

I am aware that you posted this a few days ago but, as of this time, 169 of the 617 staffed production platforms, along with 16 of the 62 drilling rigs in the Gulf have been vacated because of hurricane Katia and tropical storm Lee. That has reduced daily production by 666,000 barrels of oil and 1.7 billion cubic feet of gas.

We have been told that the rain will start tomorrow, Saturday, and the thunderstorms and high wind will move in during the night or Sunday morning. We have also been told to expect up to 20 inches of rain over the coming 3-4 days. Since we received the warning after dark tonight, I will secure things that will blow around and batten down the hatches early tomorrow morning.

This is our first ts/hurricane warning and things could, and probably will, change.

The lowest price of gasoline that I saw was $3.41 at a Shell station.

[RoadToad]

I was referring to Hurricane Irene.