Originally posted by Ox
.... And before someone replies saying "But Ox.. The refineries in the gulf are still shut down" yes.. I know.. but. . of the 7 refineries that shut down due to the hurricane.. They only produce 10% of the Nation's gas supply.. so what gives?
Supply and Demand are about equally balanced. A shutdown of 10% is quite a bit considering we need every drop we're getting.
Here's an analogy. Let's say that you make $100 a week (to keep the math simple) which equals out to $400 a month. In food, gas, bills, etc you spend $395 a month. Let's say the next month you suddenly lose 10% of your income (or $10/week = $40 month).
This means at the end of the month you brought in $360 but you need $395 to pay all the bills. For a while that may seem okay since over time you have had an extra $5 a month to cover yourself. In this one month alone you would need 7 months worth of that extra $5 a month. Once you use that up... You better hope you regain that 10% of income or you're walking to work.