Wednesday, August 31, 2005

Crazy Gas

Well, we had some fun today in Georgia. Rumors of a gas crisis, based around some truth resulting from the Katrina aftermath, had everyone running to the gas stations to top off before they closed/ran out of gas. Cars backed up into traffic all around Atlanta this afternoon as gas prices rose more than a dollar in some placed. Personally, I witnessed a price increase from $2.68 to $3.89 during the day.

As a result of the price gouging (reports of a gallon of gas at over $5.00 per gallon)Govenor Purdue decleared a state of emergency effectively freezing the profit margins for gas stations.

I saw one gas station closed down on my way home from church tonight. What does that tell you? Either the owner has no gas to sell, or is sitting on it. Either way, the perception is that there's one less gas station to get gas at. That in turn causes people to be cautious and top of just in case leaving no gas for the guy who left for work on fumes this morning. The people that then pass poor Mr. Outta Gas then make doubly sure that they've got a full tank.

The last gas station I passed tonight was out of the bottom two grades and only had super premium on hand. People apparently made a run on the cheap stuff first. Go fig.

Apparently there are problems in central Georgia too.