f@#$ing gas...~

[GODDESS6]

well yesterday the gas in my area went up to 3.29/gal & that is for the cheap ethanol crap i don't use, it is 3.39 for the other, damn this is ridiculous ~

[strandinthewind]

and with effectively a third or better of the nation's supply halted until the Gulf Coast gets better, which could be weeks if not months, it will only get worse. I predict it will be $5.00 a gallon by November, which is terrifying. But, I guess the good news will be we will all be thinner from walking out of necessity.

[catinthedark]

*smacks forehead forcefully*

Gas was 94 cents a litre here in Toronto last night. I saw it, and thought, I should go get some (it had been over a dollar for the past few days). I didn't - too tired. Today? It's about $1.15 a litre. Crrrrrrrrrrrrrrap!

(By the way, a litre is .22 of a gallon - so I believe that makes gas here the equivilent of about $6.00 a gallon? Did I do the math right? Don't forget the Canadian dollar is about $1.25 US).

[DrummerDeanna]

Yeah - we definitely don't have it the worst - but still we aren't used to these prices...

*sigh* I remember being in California a few years ago and I was outraged that gas was $1.44

I can't walk to work - and I can't bike this week because it's been raining all week - and pretty much once Novemeber hits - I can't walk or bike either because of the bad winter weather. I depend on my car - lately I've just started going less places...

[GateandGarden]

Originally Posted by DrummerDeanna

I can't walk to work - and I can't bike this week because it's been raining all week - and pretty much once Novemeber hits - I can't walk or bike either because of the bad winter weather. I depend on my car - lately I've just started going less places...

Yeah, the walking and biking thing is going to be is going to be impossible for a lot of us. I'd love to be able to just ride my bike but that won't work. I can ride my bike to class but when I go home on the weekends...well, that's about 50 miles away! Plus, my mom is about 40 miles from where she works every day and my dad is about 20 miles, I believe. Bike riding just isn't going to work.

[Patti]

http://www.msnbc.msn.com/id/9141205/

WASHINGTON - Energy Secretary Samuel W. Bodman said Wednesday the Bush administration has decided to release oil from federal petroleum reserves to help refiners affected by Hurricane Katrina.

The move, which was expected later in the day, is designed to give refineries a temporary supply of crude oil to take the place of interrupted shipments from tankers or offshore oil platforms affected by the storm.

The U.S. Minerals Management Service said Tuesday that 95 percent of the Gulf of Mexico’s oil output was out of service. Oil prices surged back above $70 in European markets on Wednesday but slipped quickly to $69.56 after disclosure of the decision involving the release of supplies from the Strategic Petroleum Reserve. Eight refineries were shut down due to Katrina — half of them producing gasoline.

The government’s emergency petroleum stockpile — nearly 700 million barrels of oil stored in underground salt caverns along the Texas and Louisiana Gulf Coast — was established to cushion oil markets during energy disruptions.

The production and distribution of oil and gas remained severely disrupted by the shutdown of a key oil import terminal off the coast of Louisiana and by the Gulf region’s widespread loss of electricity, which is needed to power pipelines and refineries.

President Bush, meanwhile, was returning to Washington on Wednesday to oversee the federal response to Katrina. He planned to chair a meeting of a White House task force set up to coordinate federal efforts, across more than a dozen agencies, to assist hurricane victims.

Bush also was expected to visit the ravaged region by week’s end, but details on that trip were in flux as the White House worked to make sure a presidential tour would not disrupt the relief and response efforts.

He said his department was dealing with inquiries from three companies about getting oil from the reserve. On Monday, Citgo Petroleum Corp. asked for 250,000 to 500,000 barrels to ensure that its Lake Charles, La., refinery doesn’t run out.

“There is an issue with respect to getting electrical power so that we can operate the various pipe lines that supply fuel to the rest of the country,” he said, noting that these facilities “deliver finished products, diesel and gasoline, to the Northeast and to the Southeast.”

“Our job is to get the infrastructure going again,” Bodman said. “To the extent that we have delays in getting these pipelines functioning, then were are going to have the potential for gasoline shortages.” Bodman said the administration will “do everything we can do to get fuel available to the rest of the country.”

Of tapping the SPR, Bodman said: “Technically it’s called an exchange of oil that we deliver today and that we will get oil back plus some interest, if you will, in the future. We will be tapping that today.”

Interviewed on the Fox News Channel, Bodman was asked if price gouging is taking place.

“I would like to believe that in this time of crisis that all of us are going to pull together to try to deal with this very difficult circumstance and situation that’s confronting not just this region, but this country,” he replied. “We’re hopeful of that, but if we have some bad actors, we have a mechanism to deal with it.”

-------------------------------------------

Anybody think it will make a difference?

[strandinthewind]

Well, it will in the short term in that the refineries able to refine will have oil to do so. What will happen after that is, unless some miraculous deal is reached, OPEC will most certainly raise its prices as the demand is there to do so. Ironic isn't it that, inter alia, the Saudi's once again profit off of an American disaster, albeit they had no hand in causing this one.

[skcin]

Went up from $2.55 to $2.80 here within 4 days.

[gldstwmn]

Originally Posted by GODDESS6

well yesterday the gas in my area went up to 3.29/gal & that is for the cheap ethanol crap i don't use, it is 3.39 for the other, damn this is ridiculous ~

Not to worry. The president has opened the reserves. That should make it go down by a nickel or so./sarcasm.

[strandinthewind]

Originally Posted by gldstwmn

Not to worry. The president has opened the reserves. That should make it go down by a nickel or so./sarcasm.

Blah Blah Blah - opening the reserves was a good thing - but he cannot win for losing with you If he had not opened them, you would be even more irate Opening them was a good thing no matter how you slice it.

[estranged4life]

I was surprised when gasoline jumped 20 cents a gallon in a few hours (At least the gas station behind my house only jumped 9 cents to $2.64 a gallon) but seeing almost $3 a gallon in OKC is a sign of bad things to come...

I feel $5 a gallon is just a couple months away.

[WELSH WITCH]

We're at 1,38 euro per liter right now, that's 5,52 a gallon in euro's. It's a little less in dollars.
If this keeps rising I have to consider using the bike to work, it's 6 km from my home.

[gldstwmn]

Originally Posted by strandinthewind

Blah Blah Blah - opening the reserves was a good thing - but he cannot win for losing with you If he had not opened them, you would be even more irate Opening them was a good thing no matter how you slice it.

I'm not disagreeing with that.

[JazmenFlowers]

I'm scared we'll see $4 or $5 per gallon here in MS before too long. I drive a Jeep Grand Cherokee and it costs me close to $50 to fill up as it is...sheesh...what will I do if it goes up

[strandinthewind]

Originally Posted by gldstwmn

I'm not disagreeing with that.

I love it when we agree