Reading DU : Seems like panic spreading all over South, hoarding gasoline, shortages, some stations allready empty, fistfights, highest price so far 5.57 (according to Faux).

CNN: over 5 in Atlanta.

No shortages here in Mass. yet. Prices rising by 20 cents a day those. Once the pipelines get the power back, shortages should go away I assume. Longer terms effects. i.e. the winter, may be a diff matter.

By coincidence, I was reading that very thread and wondered whether to ask here. Things seem to be getting tense. Another guy in Illinois said that when a local gas station closed because it was out of gas, the people were so angry they looted the place!

Holy Hubbert! That DU thread is chilling. Some gas stations are charging $6 a gallon. People are in a panic, because there are all kinds of rumors going around. That gas stations will be ordered closed and not opened again until after the long weekend, things like that. Stations are running dry.

I just got a phone call and was told we may be rationing gas as of 7:00 this
afternoon only 10 gallons at a time. any one heard this . is it true?

by the way im from east texas tyler longview area

Dunno about Texas, but there are reports of gas runs in Georgia, North and South Carolina, Ohio, Iowa, and Michigan.

Iowa

Georgia

Georgia and other states

My local ChinaMart is out of all gas cans, I was just there on Sunday, they must have had 75 of them then. Lines are long, when I left the house at 9AM this morning, the price at my favorite station was 2.49, when I went home 3 hours later, 2.79, I've seen as high as 3.19, and that station was out!

Charlotte, NC here: Local gas station on corner is now out of gas. May have some diesel. Panic buying in the city here today. I saw gas lines at this station earlier today. Heard reports of lines in other parts of the city. Luckily I have a full tank for now.

The serious problem is that all the pipeline pumps run on electricity and they are all down.
The colonial pipe line carrys fuel to the Midwest Chicago and Ohio and all the way up the eastern sea board.
We are going to run out of gas soon. The product takes 3 weeks to travel all the way to Atalanta once it is in the pipeline so even once it is switched back on there are going to be delays.
This is going to be a huge huge crisis. If things aren't fixed in a hurry we may have many more looters than we would like in the US.

The USA is full of looters in my opinion. I don't define looters as people who loot. I define them as people who would loot if the opportunity arises. Ethics is very poor in the USA, and the country is full of looters.

We have had gas rationing for as long as I can remember; you take in your little green and grey coupons and they give you gas. Seems to work, so why do we need something else?
The price always keeps supply and demand in balance. Those who want something different are the losers that do not have enough coupons.

Hey, don't you guys realize that there is no such thing as shortages? Economics 101 teaches us that as supply goes down, prices will go up, and our demand will magically go down. Wala! no shortages! Economics wouldn't lie to us now would it? Just keep sayingto yourself, there's no such thing as shortages, there's no such thing as shortages, there's no such thing as shortages...

the gas shortages don't add up at all.
the US has 194 million barrels of gasoline inventory. That is 8.1 billion gallons of gas on hand.
About 9 million barrels of crude are used per day to make the gas which is mixed 10-20% with alcohol. Giving you say 10 million barels of gasoline.
10% of refinery production is out of action but there is plenty of crude available.
So let's say we are down by 1Million Barrels of Gasoline production per day.

So with inventory on hand there is enough gasoline to last 194 days, provided other refineries outside the effected area keep on producing.
Even if some of them are effected there is still at least say 100 days of supply.
With zero refining, there is 20+ days of supply on hand, so the shortages are simply panic mongering and profiteering.
The oil companies are going to make a fortune from this profiteering, it is simply a hurricane tax inflicted on the general public who are not only forced to pay high prices for gas, but even paniced into stock piling more than they need at the highest possible prices.