I hear fumrlings of a U.S. fuel crises... the is little or no coverage of this in the uk mainstream media and I would like to invite U.S. residents to comment on this.

I have heard of closed garages etc in the Southern U.S. and a friend has just returned from Los Angeles and told me of similar things. There seems to be little knowledge of this worldwide and I'd welcome suppersition and hearsay from fellow ATS members.

If it is really that bad I'm wondering how long before it starts to affect my country (U.K.) and for general (or specific) speculation on the short and/or long-term consequences of such.

Thanks

I don't know what to think. I hear about shortages and high prices, but I paid $3.39 yesterday. That's the cheapest it's been in months here in texas. BTW I live close to Houston(Ike).

[edit on 5-10-2008 by HERACAT]

Here in Kingman, Arizona we're seeing $3.39 per gallon for 87 octane on Route 66 which is one of the the major highways through town.


Although I did get nailed for $3.99 per gallon for 87 octane on the outskirts of Seligman, Arizona Tuesday before last.
A bit of a tourist town and at the junction of I-40 and Route 66.

Better'n walking, but it struck me as a touch greedy....

Thanks for the response, the way I was reading into it, there was "maybe" a proper shortage, that people were unable to get fuel. Is there anyone who can add any details on the closure of garages-petrol stations? If this were here in the UK, I'm sure the populace would be distinctly unsettled.

Producers world wide have cut production of gasoline by 10% because of the decline in the global economy. They would rather make outrageous profit on small sales, and preserve their supply for future higher profits.

The price would have dropped seriously in the last week to increase demand if the production were not cut. But that is not the objective.

The objective was to raise the price of fuel, while pulling back the economys. This way the fuel producers rake in record profits in a time of decline, and when the economies come back, they make even more.
The extra profits give them the advantage in bringing alternative fuel sources to market, so they can maintain their empires. It would not be bad if it were altruistic, but it is not. It is financial aid to give them the capitol to raid those who have been working long and hard at a disadvantage and are now stressed by the current financial conditions.

What a bargain!

I have been following this story - not in the mainstream media at all, but thanks to ATS members - since the beginning. It is alarming. Here in the Los Angeles area I have noticed no shortages as of yet. Gas is still about $3.80 a gallon. Still less than it was back in June. I am definately keeping my tank full and my eyes open.

My parents live in the North Georgia mountains. Immediately following hurricane Ike the shortage started in their area which is roughly 2hrs
north of Atlanta. My dad has been calling just about every day to keep me informed. He has been driving at least an hour each day to get to the first
station that has gas. This is usually around 7:30 am If he waits until around 8 to start his trip, by the time he finds gas the station will have run out. Once he finds it the wait is anywhere from 1-2 hours.The price has been around $4.90. Approximately 60% of stations in and around Atlanta
are completely out. In both areas store owners have said once they run out of gas they have no idea when next delivery will be.

How are Alabama, Georgia, Tennessee, etc. supposed to make up for all this lost tax revenue? Many cities are already on the verge of bankruptcy; Like Birmingham, AL which could end up the largest bankruptcy ever filed by a US city.

Just goes to show how Washington doesn't seem to have their priorities straight when handing out monies.

Originally posted by Cyberbian
Producers world wide have cut production of gasoline by 10% because of the decline in the global economy. They would rather make outrageous profit on small sales, and preserve their supply for future higher profits.

The price would have dropped seriously in the last week to increase demand if the production were not cut. But that is not the objective.

The objective was to raise the price of fuel, while pulling back the economys. This way the fuel producers rake in record profits in a time of decline, and when the economies come back, they make even more.
The extra profits give them the advantage in bringing alternative fuel sources to market, so they can maintain their empires. It would not be bad if it were altruistic, but it is not. It is financial aid to give them the capitol to raid those who have been working long and hard at a disadvantage and are now stressed by the current financial conditions.

What a bargain!

yeah and the most stupid thing is that they keep hitting more and more oil and they just pump less and less. and no one seems to even ask the question why in any form of higher government either here in EU or America.

Ok, just wondering if anyone is still following this?

I got some news recently from a friend that works in the oil industry - just a techy on an oil rig in the North Sea - apparently they're slowing production down to artificially keep the price high. This isn't a great surprise but apparently there's no intention of letting the price drop at any point in the future.

Originally posted by jokei
Ok, just wondering if anyone is still following this?

I got some news recently from a friend that works in the oil industry - just a techy on an oil rig in the North Sea - apparently they're slowing production down to artificially keep the price high. This isn't a great surprise but apparently there's no intention of letting the price drop at any point in the future.

I live in VA. and price here is $2.22 and falling. We never saw a dramatic
increase at all.

My parents are in mountains of North Ga. everything is pretty stable prices are are around $2.45. And most every station has gas.

I'll check back in on this in about a week if things start to change.

I believe the prices will fall again because there is so much talk about alternative energy and the only way they can keep their power is to lower the prices and keep the racket going when the talk about alternatives stops(after the election) they will raise the prices again to make up for the losses (during the election)

I see the price going to $8 dollers after the election and the only way we as humans can stop them is for everyone on the planet going to bicycles or walk to wherever you are going

I have boycotted the auto industry myself and have walked over ten miles to work, and if the company I apply to asks if I can travel on their application I say NO, until this becomes a norm for people on the planet then it will never stop.

If you dont like the rules of the game quit playing

rtcctr

People on this planet have become too lazy for this to happen