3.09... WTF - FMVperformance.com : The site for all your Ford Mazda and Volvo needs
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post #1 of 21 (permalink) Old 09-07-2005, 01:37 AM Thread Starter
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3.09... WTF

OK someone please explain to me how a hurricane hitting us makes gas prices go up... if anything shouldnt it make LESS demand... im pretty sure that the gas consumed by the commuter traffic in the NO area alone woul dbe greater than the gas consumed for all the rescue efforts... and there are no oil refineries in NO lol..

so WTH is my gas 309 a gallon for REGULAR
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post #2 of 21 (permalink) Old 09-07-2005, 01:46 AM
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Re: 3.09... WTF

You are lucky, our gas prices are at 3.49/gallon. NO might not have refineries but the state of Louisiana has lots of refineries and major petroleum export happens in the gulf, a lot of the petroleum trucks that go from Texas to Florida or Georgia or whereever down south go thru Louisiana but now because all the major roads are closed in Louisiana, the petroleum tractors have to take a detour and now the petroleum that was supposed to arrive tomorrow now gets delayed for 4-5 days thus creating shortages of supply in that demographical area therefore increasing prices due to higher demand. Comprende?

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post #3 of 21 (permalink) Old 09-07-2005, 01:50 AM Thread Starter
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Re: 3.09... WTF

[quote author=dshahs420 link=topic=28832.msg397379#msg397379 date=1126072014]
You are lucky, our gas prices are at 3.49/gallon. NO might not have refineries but the state of Louisiana has lots of refineries and major petroleum export happens in the gulf, a lot of the petroleum trucks that go from Texas to Florida or Georgia or whereever down south go thru Louisiana but now because all the major roads are closed in Louisiana, the petroleum tractors have to take a detour and now the petroleum that was supposed to arrive tomorrow now gets delayed for 4-5 days thus creating shortages of supply in that demographical area therefore increasing prices due to higher demand. Comprende?
[/quote]

i severly doubt that trucks takeing a detour is creating a supply and demand issue, im sure the stations around here have plenty left in there tanks
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post #4 of 21 (permalink) Old 09-07-2005, 01:52 AM
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Re: 3.09... WTF

Haha, now everyone has to feel the prices that Californians have been paying. Seriously, though I hope this causes change because it is now a severe national issue.
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post #5 of 21 (permalink) Old 09-07-2005, 02:08 AM
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Re: 3.09... WTF

[quote author=teknochild link=topic=28832.msg397381#msg397381 date=1126072225]
[quote author=dshahs420 link=topic=28832.msg397379#msg397379 date=1126072014]
You are lucky, our gas prices are at 3.49/gallon. NO might not have refineries but the state of Louisiana has lots of refineries and major petroleum export happens in the gulf, a lot of the petroleum trucks that go from Texas to Florida or Georgia or whereever down south go thru Louisiana but now because all the major roads are closed in Louisiana, the petroleum tractors have to take a detour and now the petroleum that was supposed to arrive tomorrow now gets delayed for 4-5 days thus creating shortages of supply in that demographical area therefore increasing prices due to higher demand. Comprende?
[/quote]

i severly doubt that trucks takeing a detour is creating a supply and demand issue, im sure the stations around here have plenty left in there tanks
[/quote]

Thats what Bill Oreilly told me.

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post #6 of 21 (permalink) Old 09-07-2005, 03:42 AM
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Re: 3.09... WTF

well, my understanding is that several oil rigs were damaged in the gulf along with pipelines. i thought i saw somewhere that there was refineries in Louisiana, or maybe they were some type of processing or distribution point for crude oil, they were damaged during the storm.

looks like the road in my sig will have to wait for cheaper gas


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post #7 of 21 (permalink) Old 09-07-2005, 07:40 AM
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Re: 3.09... WTF

3.09 isnt that bad

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post #8 of 21 (permalink) Old 09-07-2005, 07:45 AM
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Re: 3.09... WTF

power was taken out to a major pipeline that delivers gas from the gulf to the southeast. It is back up, however, many rigs/refineries were taken out by the storm as well, so there is a short term spike for some regions (due to the pipeline being down) and a long term price increase until the supply capacity is returned (the refineries/rigs are back up and running). 3.09 ain't bad, I'm in NC, where gas prices hit 3.49 a couple days ago. They've since gone back down now that the pipeline is back up (they are at 3.19 now, so quit your bitchin. . .) Its not a demand issue really, its a supply side thing. Demand has actually been bolstered as well, by all the shortage announcements (as soon as a shortage is announced, everyone stocks up). Hehehe, lets see GM try and sell those freaking suburbans now, they'll need to start throwing in gas cards with the car in addition to employee pricing. . .

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post #9 of 21 (permalink) Old 09-07-2005, 07:48 AM
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Re: 3.09... WTF

The amazing thing is that some bad made-for-cable movie (I forget what channel) predicted exactly this happening a few months ago. "Oil Shock" was the name. A major hurricane hits the Gulf, destroying oil production and refining capability there, sending gas prices to $3, $4, $5, $6/gal.
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post #10 of 21 (permalink) Old 09-07-2005, 07:48 AM
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Re: 3.09... WTF

3.09 isnt bad..New Orleans had a million barrel a week refinery there I believe so thats why gas is so much more..not to mention everyone in the country constantly has a full tank now to avoid the prices from going up(which in turn actually makes the demand increase and prices go up anyways) nice thing is crude oil is dirt cheap right now because there is a big surplus of it not being refined, Not that itll happen but it should essentially mean once N.O. gets back on its feet the prices of gas should go down because there will be a crap load of oil laying around..now I doubt that will actually happen but eh it could..
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