[madpaddler]

My first post ever...glad I found you bunch o crazies. A Sears service store here in NC is syphoning gas from the cars in for service...Friends of mine filled up before heading to the Sears and find over 1/4 tank gone upon pick up. Obviously it is an employee, but here we go...

[thorn]

$this->bbcode_second_pass_quote('Eli', 'I')s that pic from Nigeria?

[jdmartin]

$this->bbcode_second_pass_quote('lawnchair', 'j')d - Sounds serious. I know you're in hilly country there and probably spread out... but I've thought about our local small-town water guys, on meter reads in an F-250 with nothing but a T-bar key in the bed. Any ability to walk more, and rationalize the walking/biking routes for meter reads? I guess this goes for the USPS too... utility tricycles anyone?

[jdmartin]

$this->bbcode_second_pass_quote('Rabbit', 'W')hat about asking your drivers if one might own and ride a motorcycle? You can cover a lot more meters on a Motorcycle getting 50 MPG.

[madpaddler]

Of course toungue in check on that...everyone around me, including family, think I'm nuts. I have followed this mess for 10 years and am seeing the results as I thought might unfold. A good % of the posts I have seen on this forum are crazy indeed, like a fox.
So the first looting in NC has occured, it's a shame it came from the "Extreme Home Makeover" sponsor.

[Leanan]

Probably not a good idea to fill the tank before getting the car serviced. Even if there aren't thieving employees, some work requires that the tank be part-empty.

[hotsacks]

And of course the main line is going to break just about the time you can't get more diesel.
Has the county called you in for any emergency or planning proposals?If shortages continue for the next few days,will it affect the treatment plant?From a distance,it seems you are sitting in a precarious position and I'm interested in hearing how it will be handled.
All the best in anxious times.
NO More Forums!

[Free]

It's really strange, this still is no story at all here. I mean they mention that gas rose as high as 6$, but they make it sound like it is only immediate vicinity of the desaster. Gas prizes rose here as well, but there are only the usual moaning stories, no real alarm.

But lines at gas stations, shortages, hoarding all over the country, one would think that this story should be huge as it could have huge impacts not only in the US but on the world economy? Am I missing something?

[Jaymax]

I wanted to create a place for posts about gas prices, whether market, wholesale, or retail. Either specific predictions, or actual observations and reports.
My disclaimer is that I purchased unleaded November futures before the storm struck - and not being in the US, it means I profit if prices look like they will go/stay up beyond mid-October. Which is emotionally quite conflicting.

My prediction: with an estimate of approx 1mb/d reduced gasolene refining since Sat, and by Friday about three days typical-usage worth of what was previously inventory, being sucked into consumer storage (in full car tanks and other containers), we will see a drop in inventory of about 30 to 35 mb of inventory in the next EIA report on Wednesday.
Despite that most of this will be a one-time drawdown, as people build their own personal inventories, it will send the market into a spin, and futures for October delivery will probably spike from about $3/gallon (currently at $2.40/gallon) to around $5/gallon...

If you're in the US, and plan to stockpile, I advise doing it before Wednesday - but perhaps after the weekend, when things have maybe calmed down a little...

[nth]

$this->bbcode_second_pass_quote('Free', 'I')t's really strange, this still is no story at all here. I mean they mention that gas rose as high as 6$, but they make it sound like it is only immediate vicinity of the desaster. Gas prizes rose here as well, but there are only the usual moaning stories, no real alarm.
But lines at gas stations, shortages, hoarding all over the country, one would think that this story should be huge as it could have huge impacts not only in the US but on the world economy? Am I missing something?

[jdmartin]

$this->bbcode_second_pass_quote('hotsacks', 'A')nd of course the main line is going to break just about the time you can't get more diesel.
Has the county called you in for any emergency or planning proposals?If shortages continue for the next few days,will it affect the treatment plant?From a distance,it seems you are sitting in a precarious position and I'm interested in hearing how it will be handled.
All the best in anxious times.

[CARVER]

For those not living in the US and trading in oil/gas futures/options, I would suggest you also keep an eye on the USD/your currency exchange rate. Your investment is in USD (I presume) and the dollar is going down at the moment. Should the dollar really start to tank, you might still profit in USD, but when you change it to your local currency that profit could be a lot lower. (You could also get an option on the exchange rate to protect your investment, but I think it is also possible that when the dollar tanks the prices for gas in USD go up to make up for it).

[Ming]

My personal bet is that de December05 HU contracts will soon raise from the present $2.0 to some $2.5.
That's a profit of $21k in each contract.

[lotrfan55345]

I'm glad there isn't any gas hoardings/stealing here... or I will think the residents of Minneapolis have really gone off the deep end.

[LadyRuby]

$this->bbcode_second_pass_quote('Free', 'I')t's really strange, this still is no story at all here. I mean they mention that gas rose as high as 6$, but they make it sound like it is only immediate vicinity of the desaster. Gas prizes rose here as well, but there are only the usual moaning stories, no real alarm.
But lines at gas stations, shortages, hoarding all over the country, one would think that this story should be huge as it could have huge impacts not only in the US but on the world economy? Am I missing something?

[BabyPeanut]

$this->bbcode_second_pass_quote('', '[')url=http://www.carthagepress.com/articles/2005/09/01/apindex/business/d8cbm9ton.txt]Airlines May Face Possible Fuel Shortages (link)[/url] By HARRY R. WEBER
ATLANTA - Airline stocks continued to slide Thursday amid jet fuel prices that have risen nearly 20 percent this week following Hurricane Katrina's devastation, which prompted at least two major carriers to raise fares.
A Standard & Poor's analyst, meanwhile, said the added financial pressure on Delta Air Lines Inc., the nation's third-largest carrier, "may hasten an already likely bankruptcy filing, which will probably occur within weeks."
Jet fuel prices have risen in the last week an average of 36 cents, from $1.91 a gallon on Aug. 23 to $2.27 a gallon on Tuesday, according to Jack Evans of the Air Transport Association. He didn't have updated figures Thursday.

The increase, blamed in part on refinery outages and other damage along the Gulf Coast because of the hurricane, means an extra $18.6 million per day in fuel cost for the airlines based on an average daily industry consumption of 52 million gallons of jet fuel.
Bankrupt No. 2 U.S. carrier United Airlines, a unit of Elk Grove Village, Ill.-based UAL Corp., late Wednesday raised fares nationwide $10 to $30 roundtrip due to the increased cost in fuel, spokeswoman Jean Medina said.
"We are confident our customers will understand that as the price of fuel continues to reach record-high levels, we simply have no choice but to raise our fares," Medina said.
...more at site...

[MrBean]

$this->bbcode_second_pass_quote('LadyRuby', 'I')n the meantime, please send some clean water and food over from Europe for our poor wretches in New Orleans. Apparently the leaders of the free world can't find a way to get food and water to them.

[BabyPeanut]

$this->bbcode_second_pass_quote('', '[')url=http://starbulletin.com/2005/09/01/news/story1.html]
Lines were long yesterday at the Costco gas station in Iwilei as people filled up before the gas cap goes into effect today. Kristin Lee of Salt Lake, shown here filling her Volkswagen, said she waited in line for 35 minutes.

Island gas prices set for large increase (link)[/url]
A 27-cent jump seems likely thanks to a new state pricing formula and Hurricane Katrina Thurs, 1 Sep 2005 By B.J. Reyes
bjreyes@starbulletin.com
Isle gasoline prices could jump as much as 27 cents on Monday, the likely result of Hawaii's one-of-a-kind price cap law coupled with Hurricane Katrina's effects on the nation's oil supply.
If oil companies charge up to the maximum allowed and retailers maintain their usual markups, motorists could be looking at prices of about $3.15 a gallon for regular unleaded on Oahu, with higher costs on neighbor islands.

The first price caps take effect today, but increases are not expected to be as dramatic because the current price ceiling on wholesale gas was set last week, before Hurricane Katrina made landfall.
With analysts predicting moderate increases under the current cap, some motorists prepared by topping off their gas tanks yesterday, while Gov. Linda Lingle urged the state's two oil refineries to show restraint and not charge the maximum allowed under the law.
...more at site...

[Leanan]

They're lucky if it's only 27 cents. Gas has gone up sixty cents in three days around here.

[DoctorDoom]

$this->bbcode_second_pass_quote('jdmartin', 'W')e use a small ford ranger for meter reading...it's mostly rural.