The price of gasoline in Dallas, Texas September 19, 2008Posted by Matsu in Business, News, News and politics.
Tags: fuel prices, gas shortage
This week I have been in Dallas, Texas (USA). I was attending a technology conference, but I couldn’t help but notice the price of gasoline posted by gas stations along the route between the airport and the conference hotel (the Gaylord Texan – very nice hotel).
When I arrived in Dallas, the price for a gallon (US) of regular gas was only $3.49. By the time I left a few days later, it was up to $3.59, but that was still low compared with other parts of the country. In Houston, which is just a few hours away by car, gas was much more in deman and therefore more scarce and more expensive — according to the local (Dallas) news, the price was all the way up to $4.50 per gallon of gas.
To answer my own question that I asked in this post, the gas shortage is not everywhere in the United States. It’s just certain areas. But, it is real! Since I live in Kentucky, I am most aware of the shortages hitting this area which affects Arkansas, Georgia, Tennessee, North and South Carolina, and West Virginia.
The biggest reason for those state having gas shortages is the pipelines from Texas (oil refineries) were shut down before hurricane Ike hit shore last weekend. I don’t know if they are up and running, yet. My understanding was that depending on the damage, the pipelines would be shut down for two or three weeks. It’s only been one week so far. This blogger has written some additional information about the gas shortage.
Here are two additional articles that discuss how the storm(s) have impacted oil production and availibility of gasoline: