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September 19, 2008

A Little Help From Their Friends (at the EPA)

 

Because of hurricanes Gustav and Ike disrupting refinery production, the EPA exercised its authority to lift reformulated gas requirements for gas stations in MD, VA, and DC.

This means that stations can sell the “winter blend” a little early. The move should result in a savings of 5 cents/gallon. Some optimists say it could be as much as 10 cents.

There is no shortage of gasoline in these areas, and non is expected. Rather this move is intended to help consumers through the spike in prices following the hurricanes.

Filed under:Energy,Fuel cost,Fuel Price Trends,Gas price | by Pump Girl @ 5:50 pm | 

September 18, 2008

Fill Up on News – 9/18/08

 

Many average Americans struggle to understand why their prices at the pump are unchanged but oil is going lower.

Oil came to a close at below $100 today after making a little growth.

Many energy sector bigwigs are getting together to make a long lasting solution to our current crisis.

Southern officials have made definitive actions in condeming price gougers in the wake of the big hurricanes.

In fact, there is a continuing investigation into potential gouging all over the country.

Filed under:Daily News Post | by Guy in a Suit @ 4:57 pm | 

September 16, 2008

Fill Up on News – 9/16/08

 

Reports of relatively minor hurricane damage is decreasing the price of gasoline today.

In fact, the Wall Street woes as of late have left oil at the lowest its been in 7 months.

But how far down should oil go to still be healthy for our economy?

It’s crunchtime on Capitol Hill: here’s all you need to know about the oil debate.

Exxon is already restoring output to its facilities in the Gulf of Mexico.

Filed under:Daily News Post,Fuel Price Trends | by Guy in a Suit @ 4:37 pm | 

Ike & Gustav Responsible for $4 Gas

 

Tom Kloza of Speaking of Oil maintains that we’ll see $4/gal gas through the end of Sept. and into mid-October. If not for Ike & Gustav, we would be looking at something more like $3- $3.25.

The bottom line: Prices will be as chaotic as a Fellini movie through the remainder of September, and make about as much sense as some of the Italian director’s plot lines. Supply is the worry, but people need not panic. We’ll get through the various downstream dislocations, allocations, outages, and even gasoline lines. If I could paraphrase Kipling and the Beatles:If you can keep your head about you when all about you are losing theirs and blaming you . .. . . then it’s gonna be all right..
:

Can’t Obama or McCain do something about those darn hurricanes?

Filed under:Fuel cost,Fuel Price Trends,Gas price | by Pump Girl @ 11:19 am | 

September 15, 2008

Fill Up on News – 9/15/08

 

Hurricane Ike is wreaking its havoc with oil prices over in Dallas.

In fact, prices today are soaring as Ike slows production.

Southern Lawmakers are cracking down on the overcharging of gasoline.

The American people are very frustrated over the still rising gas prices.

The natural gas prices in Tennessee are expected to increase significanly.

Filed under:Daily News Post,Fuel Price Trends | by Guy in a Suit @ 4:47 pm |