Is gas shortage sweeping the United States real? September 12, 2008Posted by Matsu in News, News and politics, Web.
Tags: fuel prices
An hour ago I heard from a friend who lives in the southern part of the United States and they said that gasoline price has gone up a full $1 in just a few hours (today). I hear they have extreme shortages in many states and where you can find gas in those hardest hit states, the price is already up to $4.85 (US) per gallon. That is up from $3.85 (US) yesterday.
According to this news story, in Tennessee a couple of gasoline station chains have been struggling to keep the pumps open and their storage tanks have begun to run dry. That has caused them to purchase gas from surrounding states to alleviate their shortage.
Here in Lexington, Kentucky, where I live, it’s just beginning to hit and lines of cars are forming at gas stations all across the state. At the same time, this news story talks about how the gas prices have increased over night. That run on gasoline will in fact cause shortages as people panic and try to fill up every vehicle they own — I wouldn’t be surprised if boat owners hook up their boat trailers and try to fill them up, too!
What a crazy world we live in!
Update: North Carolina reports that the record price jump has caused the governor to activate the “anti-gouging” laws to prevent or minimize price gouging. See that story here. A similar statement was made earlier today by the governor of Kentucky, giving this warning to gas stations that if they are price gouging they will be prosecuted. And this chain of gas stations in Florida has asked customers to voluntarily ration gas purchases by limiting fill-ups to 10 gallons or less.
One more update: If you do live in the Lexington area you might want to check out this website that keeps track of the Lexington gas stations with the lowest prices and the highest prices in the past 60 hours. The website that shows the price of gas in Louisville can be found here.