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Old 09-12-2008, 11:26 AM   #1
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Gas Going Up Again!!!

Gas has gone up in some Arkansas towns from $3.65 per gallon last night to $4.50 this morning.

Folks are lining up at local stations to buy it as cheap as they can...the station down the street from our dealership has gone up .40 per gallon already.

This is nuts!

Is it just happening around here or is it happening where you are too?

G
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Old 09-12-2008, 11:43 AM   #2
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Its the IKE scare. Prices on the world market for crude have been going down for weeks, so once the storm passes and we get into October, gas prices should drop way down, if you can call $3.00 way down.
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Old 09-12-2008, 11:48 AM   #3
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Yep...I have a friend that owns a gas co. here in town and they told us yesterday that it was going up since they are closing the refineries...but give me a break.

A customer just called an he saw it at $5.01 in Pine Bluff, AR!!!!

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Old 09-12-2008, 12:59 PM   #4
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Gas prices ... oh joy

Quote:
Originally Posted by Airhog1 View Post
Yep...I have a friend that owns a gas co. here in town and they told us yesterday that it was going up since they are closing the refineries...but give me a break.

A customer just called an he saw it at $5.01 in Pine Bluff, AR!!!!

G
Oh joy ...

We're heading to Hot Springs next week. I was glad to see that gas prices had started to go down -- guess that won't be the case now. In Bloomington, IL we're seeing gas prices range from 3.79 to 4.07 a gallon for regular unleaded. That's up about 20 cents a gallon from last week.

Nancy Mac
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Old 09-12-2008, 01:06 PM   #5
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I just filled up at $3.69 a gallon....we're expecting a surge due to IKE

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Old 09-12-2008, 01:13 PM   #6
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Can someone explain this to me? Gas, already in tanks in the ground, goes up in proce beacuse of what MIGHT happen? I understand the refineries shut down temporarily, but we have been using less and hearing about excess supply. I run a service business, I can now charge my clients more today beacuse of what might happen next week? Do I just not understand something? What am I missing? By the way, oil went down yesterday to about $1.01 per barrel...loqwest in months.
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Old 09-12-2008, 01:22 PM   #7
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Blame it on Ike----if he hits Houston and the refineries and off-shore drilling are damaged, that cuts out a lot of our oil and the price will go up. 'Course, since oil prices are determined by futures, instead of real time, they have already gone up. Let's hope that Ike takes a turn for the milder and doesn't damage anything and the price will drop again. Otherwise, according to those who think they are in the know, it may go up as high as $6 a gallon, or so I heard on talk radio this morning. It jumped .20 a gallon overnight in Joplin.
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Old 09-12-2008, 01:52 PM   #8
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I understand the Ike efffect...what I don't understand is how the gas in the ground at a local station...how does that gas go up by $.50 per gallon in the time it takes to change the sign? The gas in the tank in the ground didn't go up in price by sitting in the ground.
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Old 09-12-2008, 01:54 PM   #9
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No, but then again, when the price drops 30 cents overnight, the gas in the ground that was bought at a higher price is being sold less than what it was bought for.

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Old 09-12-2008, 01:57 PM   #10
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We are not seeing any effects of IKE here in Phoenix (yet). Just got home from Costco and regular gas was selling at $3.29
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Old 09-12-2008, 02:01 PM   #11
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Shocking price at the pump but...

It just dropped below 100.00 a barrel in trading today.






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Old 09-12-2008, 02:06 PM   #12
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South Carolina gas is up over $5 a gallon. NC stations running out of gas, or holding on to it, waiting to hike it up after IKE. There should be a law, and where is the govrnmt looking into this one? Gas went up .50 in 3 hours and the station owners are blocking off their pumps. I don't know about where you are, but there are a lot of good ole' boys up with very dramatic opinions! Gas up here in the mtns $4
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Old 09-12-2008, 02:15 PM   #13
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I had received several emails during the day advising that consumer gas prices would be going up $1.00 per gallon today. The first one I ignored, the second one I read, now it seems to becoming true. With the countries largest refinery being shut down everyone is thinking time to make the profits! Well we all know know that what ever goes down must go back up. Our little local Sunoco was $3.74 for regular this morning, I am very curious what he will be when we get home.
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Old 09-12-2008, 02:30 PM   #14
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Well, maybe where you guys are, but gas here comes down much slower than it goes up...up $.50 in one day. It will takes a week or two at least to come down that much.
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