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To: Labyrinthos

http://gaswatch.energy.gov/

Gasoline was selling at $2.26 yesterday. They raised it 23 cents when Rita was raised to hurricane status. That is gouging IMO, though I can't complain when others are over 3$.

Use the link and tell the government that there was/is gouging. Remind them that the dealers purchased the gasoline on spot at prices ranging from 1.71 to 2.12, and that they may be receiving the benefits of buying spot crude refined from SR crude that sells for $27 not $64 dated Brent October-November, or $69 Nymex November.

BTW, I read the article and it seems the CEO is making a concrete statement that a disaster has already hit though the storm is three days out and hasn't picked a place to make landfall. I'm not saying disaster could not happen but it hasn't happened yet. It's like seeing a train speeding toward a RR crossing and saying ten people died in a fiery crash three minutes before the train enters the crossing. Unless this CEO has a crystal ball, this is just an excuse for wild speculation.

PS. If disaster does strike, we're looking at deep worldwide recession. Better sell your energy stocks at $72 rather than world recession prices of ? less from the world glut of crude. JMO--uneducated according to some.


68 posted on 09/21/2005 10:14:25 AM PDT by sully777 (The Religion Of Peace apparently kills!)
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To: sully777

*** Unless this CEO has a crystal ball, this is just an excuse for wild speculation.***

This thing is tracking right across the deepwater rigs that WEREN'T hit by Katrina....

Yet again, we are about to pay the bill for decades of idiot Liberal Enviro policy. No spare refineries, and no alternate source of capacity.


78 posted on 09/21/2005 10:53:17 AM PDT by tcrlaf
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